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By Lauren E.B. Belcher at Phillip Blount & Associates Locked in a standstill, salary budget increase projections for 2017 are remaining at 3.1 percent (average) overall (3.0 percent, median), according to WorldatWork. These projections are identical to the projected salary increases made by WorldatWork for 2016. Actual 2016 budget increases, however, in fact were lower - by approximately 0.1 percent with the average overall increase at 3.0 percent. 2017 is the third consecutive year to have projected salary budget increases at 3.1 percent. WorldatWork attributes this to a slow, steady growth in increases being reported since the recession. Other factors effecting the halt in rising projections include slight increases in “zero-percent increases” being reported.

As new technology growth and globalization of business change the way human resources are managed, three important new human resources trends in 2016 will further impact pay practices, incentive pay plans and employee and executive compensation strategies; FLSA overtime pay regulations, variable pay plans and...

By Lara Sadowski at Phillip Blount Associates During a conference last November 2015, the Solicitor of Labor, M. Patricia Smith, shared news regarding the proposed Fair Labor Standard Act (FLSA) overtime regulations. She reported that the FLSA overtime eligibility rules probably would not be issued until...