This week's Compensation Daily Advisor covers wage & hour lawsuits, exemption classification, documenting compensation strategy, communicating compensation to employees, and pay budgets.
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Get Your Report Now!Wage and Hour Lawsuits: Beware “The Big Three”
Wage and hour just shouldn’t be that hard, but the lawsuits keep coming, and the dollar amounts are staggering—especially when class actions amplify fees, fines, and judgments.
“She’s Exempt.” Are You Sure?
Today, we look at misclassification—the third of “The Big Three” compensation challenges (see yesterday’s installment for the other two).
Why You Need a Compensation Strategy Document
You may already have a mission statement in place at your organization. But do you have a formal compensation strategy document—a comp-specific mission statement, in other words? You need one, says Chuck Csizmar of CMC Compensation Group. Read on to find out why.
You Must Communicate Effectively About Compensation
Yesterday, we got some insights from Chuck Csizmar of CMC Compensation Group about the importance of having a formal compensation strategy document at your organization. Today, we’ll look at the rest of his “Top 8” list of design considerations, plus some final strategies for success.
Pay Budgets and Variable Pay—What’s Really Happening?
Increases. Budgets. Bonuses. Variable Pay. Compensation is never a simple issue, but it’s an important cornerstone of employee engagement and satisfaction, as well as talent acquisition. What’s happening with pay budgets and variable pay in the real world? What are your competitors up to? Help us find out!