Remove 2007 Remove Assessment Software Remove Bonuses and Incentives Remove Compensation
article thumbnail

4 Tips for Your Compensation Planning from the Banking Industry

HR Daily Advisor

It’s no secret that the recession of 2007/08 resulted in an array of new regulations, especially in the financial services arena. We spoke with Kathy Smith, President of Bank Compensation Consulting to find out how the industry’s highly regulated environment has led to creative compensation solutions—many of which can apply to any industry.

article thumbnail

What Is Evidence-Based HR? Examples, Benefits, and Decision-Making Steps

Analytics in HR

Its HR team employed tools and analytics to better understand the risk pertaining to their numerous incentive plans. Now for a case of how evidence-based HR principles could have saved one employer a great deal of money: The city of New York invested $75 million in incentive payments for teachers in 2007.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

UAW Strike 2023: What Happened and What Other Companies Can Learn From It

Terryberry

While the auto workers may have been fighting for specific conditions and benefits lost during the 2007-2008 financial crisis, there are still valuable lessons every company can take away from this experience. As a result, the UAW continued to face challenges in fully restoring the pre-crisis levels of compensation and benefits.

article thumbnail

Understanding the Gender Pay Gap: The Importance of Gender Pay Equity

UKG

This wage gap is an improvement compared to the 62 cents for every $1 full-time working women earned in 1979 compared to men, but it is still a vast and unfair gap in labor compensation that needs to be closed. In 2007, she sued her employer, Goodyear Tire and Rubber, sparking the case Ledbetter v. Ledbetter v.