Compensation Design and Communication
Compensation Design and Communication News, Articles, Blogs, Webinars, White Papers & Events. Human Resources Management featuring HR news on Compensation Design and Communication.
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Class of 2011 Salaries Rise 2.3%
The average starting salary for those with bachelor’s degrees in the class of 2011 was $41,701, up 2.3 percent from the class of 2010, according to the winter 2012 Salary Survey report published by the National Association of Colleges and Employers.
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Novartis Agrees to $99M Settlement in Sales Rep Wage Dispute
The $99 million settlement resolves the wage-and-hour claims brought in 2006, as well as additional wage-and-hour claims covering a more recent time period, according to the joint announcement by Novartis and Sanford Wittels.
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Former Press Box Hostess Sues Indianapolis Colts Over Pay, Work Hours
According to court documents, the woman is seeking class-action status that would include other unnamed hostesses, in part because ‘some, if not most, of the individual group members may not be aware of their rights to wages under federal and Indiana law, or may not, because of financial ...
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Grads Snag Highest Wages Among Securities Firms
Securities employers paid grads an average starting salary of $58,571. Overall, they provided 42,000 jobs to the Class of 2011.
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Rabbis Demand Back Pay for Cheese Workers
A Michael Moore-style demand for a meeting with executives is rejected as an Orthodox social-justice organization seeks unpaid overtime for employees of a kosher cheese-maker.
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Ex-Sara Lee Executive to Land $2.5 Million in Leaving Firm
According to the filing, C.J. Fraleigh will continue to receive a pro-rated amount of his most recent annual base salary of $597,000 through his termination date of Jan. 13, 2012. He also will receive severance of $2 million over 21 months, which is the equivalent of his annual salary plus 75 ...
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Best Practices in Compensation
Best Practices White Paper Series - Getting pay right is critical to both keeping your workforce motivated and attracting top talent to your organization. Compensation and its interconnectivity to talent and performance management are still key. Download the Best Practices in Compensation white
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'The Business Buffett Rule'
For a company paying the federal minimum wage of $7.25 an hour (about $15,000 a year for a full-time worker), what if the total compensation for the CEO was capped at 100 times that? That means a CEO's annual income would be about $1.5 million. As pay goes, that's not peanuts. But it also is a far
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UAW Says GM Workers Ratify Labor Contract By 2-to-1 Margin
Under the pact, the automaker's 48,000 hourly workers have traded the promise of generous pay and benefits for job security and compensation gains that are more closely tied to the automaker's health, profitability and quality advances.
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Groupon puts Employees—and Investors—on Notice as IPO Nears
The Chicago-based website offering deep discounts on local businesses has been more aggressive in doing performance reviews, starting earlier this year. It raised quotas and began holding employees more accountable to those targets and forcing out those who couldn't hit them.
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Comp and Circumstance: TD Executives Get Big Boost in Total Pay
The investment company's total pay figures, disclosed in a proxy statement filed yesterday with the Securities and Exchange Commission, include both cash compensation and stock awards.
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Median Salary for Grads Climbs 4.5 Percent
Graduates earning math and science degree received a median salary of $40,939, up 2.5 percent from the previous year. Computer sciences grads' starting salaries rose to $56,383, up 2.4 percent.
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Aon CEO Greg Case Took Home $12 Million in 2011
The company's board said Case was being rewarded for the financial performance of the commercial insurance brokerage and corporate consultant.
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Despite Complaints, Labor Department Nixes Additional Fees for 401(k) Advisers
The agency finalizes controversial rule calling for level-fee arrangements; the new scheme also greenlights computer models.
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Most Companies Moderately Concerned About Comparing Pay, Performance
The SEC plans to propose and finalize implementation rules for the Dodd-Frank act's provision on executive pay and corporate performance sometime between August and December, although there is no indication they would take effect for the 2012 proxy season.
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Court: Prior-Approval Rule Does not Require Payment for Claims Unrelated to Workers' Comp
Georgia's State Board of Workers' Compensation says insurers and self-insurers must notify medical providers of whether they will pay for a procedure within five days of receiving a pre-approval request. If the deadline is missed, payment is considered to be approved automatically by the insurer.
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Average Tech Pay in Silicon Valley Tops $100,000
For the U.S. as a whole, technology workers reported their average annual wage rose to $81,327 in 2011 from $79,384 in 2010, according to a survey by Dice.
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Where Is Pay Rising? Try Accounting, Finance, IT
Employees in these highly credentialed fields will see an average 3.5 percent pay hike next year, according to staffing firm Robert Half. ‘There is a drought of highly skilled people,' says a recruiter.
