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Cafe Classic: Excessively Successful Incentives

Compensation Cafe

Editor's Note: In this Classic cautionary tale, Jim Brennan (using the 2016 Wells Fargo incentive disaster as his beginning "case in point") reminds us of how easily even reward plans designed with the best intentions can misfire. The only thing worse than an incentive that doesn’t work is one that works all too well.

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6 Ways to Ensure ADEA compliance

Accurate Background

2016) states that in a survey, “almost two-thirds of respondents had seen or experienced age discrimination, and more than 90% felt that age discrimination in the workplace today is somewhat or very common.”. Here are a few suggestions to ensure ADEA compliance: 6 Ways to Maintain ADEA Compliance.

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FLSA: The song (no longer) remains the same…

i4cp

The DOL will finalize and release final regulations in July 2016 with a 60-day grace period allowing employers to comply. The changes will be enforced by the Wage and Hour Division of the DOL with investigation and fines for non-compliance. hospitals, schools, government agencies, etc.). hospitals, schools, government agencies, etc.).

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Top Five Compensation Trends from 2016

Compensation Today

2016 has been anything but boring. Between the elections, compliance changes, and the ever-increasing competitiveness of talent markets, most of us have been on our toes all year. In the spirit of the coming new year, let’s count the top five 2016 compensation trends! Count down the top #compensation trends of 2016!

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How to Give Your Employees a Raise Using the FLSA Overtime Rule Amendment

ConnecTeam

Maintaining compliance in an ever-changing market and legislative environment demands you stay alert and operationally agile. The latest one is the Final Ruling in May 2016 that took effect on December 1, 2016. What changed with the 2016 amendment to the FLSA overtime rule? Everyone likes bonuses and incentive payments.

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Classifying Employees Under New FLSA Overtime Rule

ExactHire

And while the increase is considerably less than what was proposed in 2016, employers are still faced with adapting to the changes that the rule presents. . So let’s first take a look at what has changed, then consider what steps can be taken to ensure compliance and optimize operations by January 1, 2020–the rule’s effective date.

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Overtime threshold rising to $35,568 on Jan. 1

Business Management Daily

In addition to raising the overtime salary threshold, the final rule: Allows employers to use nondiscretionary bonuses and incentive payments (including commissions) paid at least annually to satisfy up to 10% of the standard salary threshold. The DOL announced the new threshold on Sept.