Massachusetts Gender & Racial Wage Gap Persists, Despite the Equal Pay Act

Trusaic

The gender gap in Massachusetts showcases the occupational differences that can complicate pay equity, even with the changes to state law. Bar employers from retaliating against employees exercising their rights under the law; and. The Essential Worker Pay Gap.

Your Pay Data Reporting Questions Answered

Trusaic

Earlier this year we spoke in a webinar on pay data reporting with Hacking HR. The focus of our presentation related to California’s SB 973 and the employee pay data reporting requirements. . Q: My organization has 200 employees in the U.S., Pay data reporting

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Benefits of Compensation Analysis

Decusoft

It is important to conduct compensation data audits frequently in order to produce an equitable and appropriate compensation plan. A comprehensive salary report offers the facts and insights needed to make critical choices on executive pay and overall benefits.

Compensation Surveys: Are They Necessary?

Astron Solutions

Finding the fairest and most motivating compensation for your team members is one of the most important jobs for HR leaders like you. A popular method of evaluating a fair employee compensation strategy is to refer to a valid compensation (or salary) survey.

Essential Workers, Higher Wages, Value Creation and Work Design

Compensation Cafe

The path to value creation, according to a number of private equity executives (like the one who wrote this Harvard Business Review article) , is through return on invested capital (ROIC). And yet, at least according to his data, few CEOs are skilled at capital allocation.

Pay Data Reporting is Not Going Away

Trusaic

The business world shook when EEO-1 pay data reporting was reinstated by a federal district court in Washington, D.C. This is a hard deadline—the Equal Employment Opportunity Commission (EEOC) online portal will be closed to employers following that date.

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Compensation Management in the Banking Sector

Decusoft

Compensation management in the banking sector is no different. Compensation managers for the banking sector must balance the needs of shareholders, investors, and customers when creating compensation plans. . What Is Banking Compensation Management? .

A Full Guide to Compensation and Benefits

Digital HR Tech

Compensation and benefits refer to the benefits a firm provides to its employees in exchange for their labor. Compensation and benefits are thus a key part of Human Resource Management. In this article, we will provide you with a full guide about compensation and benefits. Contents What are compensation and benefits? Why are compensation and benefits important? What are compensation and benefits? Why are compensation and benefits important?

How to Create a Compensation Strategy: A Complete Guide

Decusoft

What is Executive Compensation? . Executive compensation programs are influenced by a variety of factors today. As a compensation manager, your primary concern should be the alignment of pay and performance. Compensation Strategy Allocation . Flexible time off .

Looking to the Future: 2021 Compensation Budgeting Forecast Part 1: Base Pay Adjustments

Astron Solutions

There is no doubt that 2020 has been a year for the record books. When it comes to forecasting compensation trends for 2020 and 2021, there have been challenges. But the data are starting to come in – hooray! The Foundation: The U.S. minimum wage.

New Data Shows Educators Work 11 Hours Overtime per Week

Tsheets

This Teacher Appreciation Day, the proof is in the timesheets. According to the Pew Research Center , US primary school children spend an average of 943 hours in the classroom each year, while secondary school children receive another 1,016 hours of instructional time. All told, by the time they graduate high school, a child will have spent around 11,700 hours of their life — over 12,000 if they attended kindergarten — learning from various teachers.

Compensation Terminology 101

HR Daily Advisor

Like other professionals, compensation professionals can throw around a bunch of terms and acronyms that may or may not make a lot of sense to those not in the field. Just last week, I was asked the difference between compa-ratio and range penetration and had to check to be sure I was accurately explaining both terms. With that in mind, here’s a short overview of compensation terms that are sometimes confused with one another. Blended and hybrid jobs are the same.

Top Five Compensation Trends from 2016

Compensation Today

Between the elections, compliance changes, and the ever-increasing competitiveness of talent markets, most of us have been on our toes all year. What trends have impacted compensation the most? 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! Gone are the days where companies compensate with just base pay.

Protect Your Restaurant from Wage and Hour Violations

Paycor

The hospitality industry (particularly restaurants) faces more wage and hour violations than any other industry. In fact, throughout 2017, the Department of Labor (DOL) received over 7,000 wage and hour claims from the hospitality industry, recovering more than $483 million in back wages for employees for issues like off-the-clock work, failure to pay overtime wages and misclassifying employees.

Minimum Wage, Maximum Pressure: The Journey Toward $15/Hour

Ascentis

On April 27, 2021, President Biden signed a new Executive Order, “ Increasing the Minimum Wage for Federal Contractors.” The timing of this new E.O. No one … working 40 hours a week should live below the poverty line.”. per hour. ?

How to Create an Equitable Compensation Program

Trainual

In America, we have had the unfortunate history of excluding people of color, women, and other minorities from many wealth-generating activities. This includes equitable compensation. . Today, in 2020, we still have a racial (and gender) wage gap. Flexible hours .

Leading Hourly Workforce Transformation in a Post-Pandemic World

Ascentis

In February 2020, global labor markets experienced a dramatic shock due to the novel coronavirus, with millions of workers either losing their job or shifting to remote work. However, returning to the workplace is going to look much different in the post-pandemic world. Learning.

Living Wages in 2016 – How Do Employers Respond?

Astron Solutions

Seven months have passed since New York State’s minimum wage increased to $9.00 per hour, while the “fast food” minimum wage increased to $9.75 across most of the state, and to $10.50 If you do not work in the restaurant industry, or in New York State, you may think this change doesn’t affect you. In this issue of Astronology®, Astron Solutions discusses the challenges these new increases present to employers outside the fast food industry.

How Employers Can Turn Pay Data Reporting into a Better Business

Trusaic

From Risk to Opportunity: How Employers Can Turn Pay Data Reporting into a Better Business. Workforce data is the fuel that powers engines of innovation and growth in the 21st century. Brief Overview of Pay Data Reporting. Risks Inherent in Pay Data Reports.

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The $22 Billion Cost of Wage Theft

Tsheets

Wage theft happens more than you think — could automated timesheets be the solution for fair compensation? The employee-employer relationship is founded on a delicate balance of mutual trust. The employer trusts the employee to work when they’re supposed to work, and the employee trusts the employer to pay them fairly for the work they do. In the case of workplace misconduct, the door swings both ways.

What you can and can’t do when employees discuss wages

Insperity

Can your employees discuss their salaries or wages with their co-workers? In fact, having a policy against it could get you in hot water with the National Labor Relations Board (NLRB) because such policies generally violate federal labor law. The National Labor Relations Act protects employees’ rights to discuss conditions of employment, such as safety and pay even if you’re a non-union employer. For example, the NLRB issued a complaint against a diaper supply company in St.

Farmworkers average 15 overtime hours per week, study shows

Tsheets

In a recent industry overtime study published by TSheets by QuickBooks, we learned that many workers around the country are putting in long days. In the last year, 28% of events managers recorded an average of 52.7 hours per week, while 33% of developers and IT professionals recorded 47.4 hours on the clock each week. As a time tracking company, TSheets is in a unique position to track and study employee hours. In the last year: .

#HotInHR: Tech Firms Hoard Talent, Millennial Workplace Trends 2017, Creepy Employer Data Practices?

Advos

Every Monday we send a summary of the previous week’s funding announcements, mergers, acquisitions, and partnership news from the HR technology, recruitment, talent management and employee benefits space. Tech firms shell out to hire and hoard talent – The Economist. As tech firms battle to hire and hoard talented employees with huge pay packages, Silicon Valley may be changed for the worse. Millennials will continue to rapidly change the workplace in 2017.

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EEOC Invokes the Information Quality Act for a Third Study of Its Pay Data

Trusaic

The EEOC voted unanimously to defer any use of the EEO-1 Component 2 pay data that it has already collected until 2022 at the earliest. These data reflect employee job category, pay, and hours for 2017 and 2018.

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Total Compensation Statements: Considerations, Best Practices And FAQs

PlanSource

As an HR professional, you spend countless hours researching new initiatives, negotiating with carriers and vendors, and executing exciting perks and programs for your organization. These benefits help the company achieve several goals, including recruiting and maintaining top talent and keeping costs in check. But, what good is having great benefits if your employees are unaware of or unappreciative of the true value of your offerings? What is a total compensation statement?

Time Tracking For Hourly and Temp Agency Workers

Mitrefinch

With the holiday season right around the corner, thousands of companies are frantically searching for temporary employees to help them fulfill the burst in consumer demand that characterizes this time of year. To name just a few examples, the shipping giant UPS is set to hire an additional 100,000 employees while the retail clothing store GAP has its sights on hiring at least 30,000 additional employees for the holiday shopping season.

What to Know About Employee Compensation Regulations in Home Health

Hireology

Home care agencies around the country had to rethink their scheduling and employee compensation plans when the U.S. Department of Labor determined in-home caregivers qualify as domestic service employees , meaning they’re covered under the Fair Labor Standards Act (FLSA). As a result, employers are required to pay caregivers at least the federal minimum wage of $7.25 per hour, as well as overtime pay.

Will recent pay increases for minimum wage workers affect those in higher earning brackets?

Compensation Today

Co-written by Mykkah Herner, PayScale Comp Specialist and Tess C.Taylor, Founder of HR Knows Around the nation, large corporations are taking the minimum wage issue to heart by instituting salary increases for their most underpaid workers. Companies like McDonald’s, Wal-Mart, Target, and TJX, the parent company of TJ Maxx and Marshalls, have announced plans to raise wages by as much as $1 or more per hour, with more raises coming for the beginning of 2016.

The Right Way to Increase Minimum Wage at Your Organization

Visier - Talent Acquisition

On July 18th, 2019, the U.S. government passed a bill to gradually increase the minimum wage to $15 by 2025. This bill also abolishes sub-minimum wage for both youth workers and tipped workers and closes a less commonly used loophole that allows employers to pay less than minimum wage to some disabled workers. of wage-earning workers and their employers. . The hourly rate of labor directly influences your bottom line.

Unlocking the compensation secret vault: An interview with Chris Bolte of Paysa

OmegaHR Solutions

One of the great secrets in HR for both companies and for candidates is “what is someone worth?” The answer is companies want to know what they need to pay someone, either as a new hire or in order to forestall having them leave. The bigger question becomes how do you do that? The obvious answer to that question is the INTERNET. You go search for sites that offer salary data to get some idea of what other people like you are paid. Big data.

Are You Responsible When Employees Don’t Report All Hours Worked?

HR Daily Advisor

Employers often place the burden of recording hours worked on employees. Employee handbooks may contain provisions that require employees to record and report all their time worked, and employers may require employees to verify their hours by reviewing and signing their time cards. Policies may prohibit off-the-clock work and notify employees that they must report any errors in pay. Employees Can’t Record Online Training at Home.

A Data Person’s Take on Compference16

Compensation Today

When walking the halls of the Seattle Sheraton, surrounded by HR professionals, compensation experts, and many notable executives, one could truly feel the buzz generated by Compference 2016. The excitement was palpable. Here we had a diverse group of people ready to speak and learn all about compensation at PayScale’s premier user conference. The excitement was palpable. Forget the wage gap, let’s talk about the sponsorship gap.

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Minimum Wage Increase: The Positives and the Pitfalls

Paycor

The Times, They Are A’Changin’ (But the Money’s Not). Adjusted for inflation, the federal minimum wage peaked in 1968 at $12.22 (in 2018 dollars). Yet, the current federal minimum wage has remained stagnant at $7.25 per hour for more than a decade even though the cumulative rate of inflation has risen more than 17%. Eighteen states and localities raised their minimum wages in 2018. The increase also includes Whole Foods employees.

Closing the Wage Gap: How These 5 Companies Are Working to Achieve Pay Equity

Linkedin Talent Blog

If the arc of history bends toward justice, the equal pay arc hasn’t been very flexible. When the Equal Pay Act became a federal law in 1963 , women in the United States made 59 cents for every dollar men earned doing the same work. The work never ends.”.

“Five things we need to do to close the gender wage gap”, with Jessica Wooke of RobustWealth

Thrive Global

More conversations need to take place at the executive level. As part of my series about “the five things we need to do to close the gender wage gap” I had the pleasure of interviewing Jessica Wooke, Chief Experience Officer at RobustWealth.