Even though you may still be working on your organization's salary increase budget for next year, you should be aware that research is projecting that your peers will be decreasing their budgets compared to 2023. When 1,200 organizations were asked…
Compensation Management
As you prepare your salary budgets for 2023, it’s important to know employees’ expectations in terms of pay and perks so you can avoid having to replace your best people in the new year and retain those you bring on…
When your peers were asked in August what they were planning to do with their 2023 annual salary increase budgets, not many said they were planning to freeze salaries. Salary increase budgets are likely to be larger than this year's…
The workplace has recently gone through drastic changes in response to the pandemic. While not every change will last forever, many are poised to make a permanent impact on how employers operate. Companies that want to keep their costs low,…
As you’re looking at creating salary budgets for next year, you should know what your peers are planning so your company can stay competitive in the war for talent. New research shows that nearly half of employers plan to increase…
CFOs trying to mitigate the effects of the Great Resignation on their workforce may want to reconsider their compensation and benefits strategies – especially in light of inflation. As new Gartner research shows that many of your peers plan to…
An ongoing battle for your peers continues to be setting salary budgets and whether the cost of living or cost of labor should be considered in their compensation philosophy and strategy. When COVID lockdowns made remote work mandatory, firms –…
The Treasury Department would like to see federal legislation that’d clarify the tax treatment of on-demand pay arrangements. The agency spelled out its proposal in the so-called Green Book, released on the same day as President Biden’s FY 2023 budget.…
Technological setbacks can try anyone’s patience – whether it’s waiting for computers to boot up, software programs to load or upgrades to finish. Recently, questions about whether nonexempt employees must be paid for this type of waiting time have reached…
Making payroll during the coronavirus pandemic has been challenging for many companies. And there’s good news: The IRS wants to reward your efforts by allowing you to take an employee retention credit on your taxes. The agency also just expanded…
Employee training and continuing ed remain among the most-wanted benefits. But must you always treat that training as compensable time? That’s what one of your peers just tried to determine by asking the Department of Labor (DOL) for an opinion…
Of course your company wants to attract the best and brightest employees. But you certainly don't want to overspend to do it. And that's just what's happening in many companies. Hiring managers are offering candidates, on average, 15% pay raises…
