2016 Bonuses and Incentives Compliance Industry 
Compensation Cafe
AUGUST 3, 2021
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.
i4cp
MAY 2, 2016
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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Accurate Background
JUNE 11, 2021
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.
ExactHire
NOVEMBER 7, 2019
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.
Precheck
NOVEMBER 28, 2017
One of the largest growing concerns among employers across all industries is retaining high-performing and high-potential employees. In fact, 46 percent of HR professionals cite employee retention/turnover as the top workforce management challenge in 2016, an increase from 25 percent in 2012. Antique Nguyen Marketing Specialist.
HR Daily Advisor
JANUARY 17, 2017
“Wells Fargo employees secretly opened unauthorized accounts to hit sales targets and receive bonuses. Today’s actions should serve notice to the entire industry that financial incentive programs, if not monitored very carefully, carry serious risks that can have serious legal consequences.” million unauthorized transactions.
Zenefits
JANUARY 21, 2020
Allows employers to use nondiscretionary bonuses and incentive payments that are paid annually to satisfy up to 10% of the standard salary level. territories and in the motion picture industry. territories and in the motion picture industry were also revised. Revised the special salary levels for workers in U.S.
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