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Besides the threat of class action lawsuits, misclassification of workers can lead to liability for unpaid tax withholdings, unemployment insurance taxes, workers’ compensation premiums, overtime, minimum wages, sick and vacation pay, among others. Misclassification of workers can be costly. Penalties and interest may also be assessed.
The task force oversees businesses that have taken the pledge and provides resources to female employees who believe that they aren’t receiving equitable compensation. In the case, the agency asserts the social media company harbors “systemic gender-based pay discrimination,” specifically compensating female employees differently.
<Forbes.com> …So this evening I came across a whitepaper from Aon Hewitt here that shows only 1/5th of the workforce is putting away enough earnings to retire when their parents did. Don’t get me wrong: When I say this I’m *not* suggesting that employers go back to investing in DB pension schemes.
And according to the Achievers 2015 Workforce Survey (revealed in our Getting to Greatness: The Route to Employee Engagement infographic ), 57% of employees don’t feel recognized for their progress at work while 93% hope to be recognized at least quarterly, it not more. Finally, it is critical that organizations pay their employees fairly.
Need to revisit your compensation plans for 2015 but don’t know where to start? Help is available in the free whitepaper from PayScale, Attack of the Out-of-Date Comp Plan. Total reward statements are a great way to demonstrate overall compensation—but is there a chance that your pay practices are out-of-date?
Taylor, PHR, SHRM-CP, PayScale Senior Blogger PayScale’s 2015Compensation Best Practices Report indicates that HR technology will become hugely important in the coming years. Since PayScale last reported on this topic , many more companies have moved to cloud technology – as a way to create and manage complex compensation programs.
In its 2015 report in collaboration with Globoforce , The Society for Human Resource Management identified employee engagement, talent retention, competitive compensation, and developing the organizational leaders for tomorrow as major human capital challenges. Only the future will tell about the advancements of these initiatives.
Compensation—The elephant in the room? there’s no correlation between compensation and engagement? According to PayScale’s 2015Compensation Best Practices Report , “seeking higher pay elsewhere” is the top reason people leave jobs. Make compensation easy! This isn’t theory, folks. These are the facts.
Adams shared some of the advantages of voluntary benefits and how to facilitate enrollment; today, we present more findings regarding this trend in compensation and what to consider for 2015. If Millennials are a key factor in your recruiting strategy for 2015 (and they most likely are), voluntary benefits will help attract them.
Compensation—The elephant in the room? there’s no correlation between compensation and engagement? According to PayScale’s 2015Compensation Best Practices Report , “seeking higher pay elsewhere” is the top reason people leave jobs. Make compensation easy! This isn’t theory, folks. These are the facts.
The following year he published a whitepaper extolling the benefits of the shorter workweek. Rather than trying to win the war for talent by increasing compensation,” the Harvard Business Review noted recently , “we are seeing some employers reduce the number of hours worked by employees and keeping compensation flat.
Since 2013, OFCCP has steadily increased and changed the way it examines a federal contractor’s compensation practices during a compliance review. The Scheduling Letter requires contractors to provide individual, employee-level compensation data in every review.
Crystal Spraggins, SPHR According to PayScale’s 2015Compensation Best Practices Report , the top five reasons for turnover in 2014 were: Employees seeking higher compensation (20.8 Read more about the good, the bad, and the ugly of turnover in PayScale’s FREE whitepaper. percent) Personal reasons (20.6
Doing so would “undercut the Legislature’s intent that employees be entitled to take a minimum of three days of paid sick leave, without losing any compensation they would normally earn during their regular working hours.”. Visit this page to download the updated whitepaper. Need paid sick leave resources?
If Helen of Troy was the ‘face that launched a thousand ships’, Harvard Business Review ’s 2015 article Why we love to hate HR… and what HR can do about it is arguably the story that launched a thousand agonising, soul-searching blogs.
Adopting the idea from taxi service Uber , Zappos hopes the new compensation structure will incentivize employees to work when customer demand is highest, such as in the early hours of the weekdays on the east coast or during the early hours in Las Vegas, where Zappos is headquartered.
Bersin by Deloitte’s 2015 Global Human Capital Trends report suggests much progress needs to be made; only 6% of HR executives feel fully ready to address their leadership issues. Take a look at some additional resources: WhitePaper: Strategic HR is not an Oxymoron. Want to learn more? StumbleUpon.
The formula is: Hiring Costs + Total Compensation + Cost of Maintaining Employee + Disruption Costs + Severance + Mistakes, failures and missed business opportunities equals a bad hire cost of $840,000 in this example. million an 85% increase from 2015. years), in a recent infographic, The Outrageous Costs of a Bad Hire.
Employee savings are either given back to them as extra compensation or contributed to their chosen charity. Users may earn points on the gamified network by blogging, participating in forums, updating wiki pages, or delivering whitepapers. SAP has added extra incentives to make these points more valuable to the staff.
According to the Sierra-Cedar 2014-2015 HR Systems Survey WhitePaper, 17 th Annual Edition , survey, about 16% of surveyed companies have adopted workforce analytics and only 9% reported using predictive analytics. In addition, exploration can involve experimenting by being an early adopter of a new innovation.
Before you start thinking about total reward statements, Rubino says that other basic compensation program objectives should be met. A compensation program must be: Internally equitable. Need to revisit your compensation plans for 2015 but don’t know where to start? Externally competitive. Affordable. Learn More.
That second desire is fulfilled by Total Rewards, a relatively new, increasingly popular way for businesses to compensate employees. According to Glassdoor’s 2015 Employment Confidence Survey , benefits and perks are a major factor in considering whether to accept a job offer for 60% of workers.
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