Compensation Insights BLOG

Vivient Consulting and WorldatWork have announced the findings of two new 2015-2016 executive and employee compensation surveys revealing that short-term cash incentives and bonus programs continue to dominate the incentive-pay landscape as a vast majority of organizations use, and rely on, incentive-based pay practices to...

WorldatWork is again projecting a 3.1 percent average increase (median 3.0 percent) in salary budgets for 2016 similar to their 2015 projection. Similarly, the Society for Human Resource Management (SHRM) recently reported that Hay Group, along with additional researchers, have also predicted the a moderate...

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...

A November 2015 survey of 2016 compensation trends within private sector companies conducted by Wilson Group, a compensation consulting firm based in Concord, MA, reveals that businesses plan to increase base salaries by 3% in 2016 and are expecting greater competition for talent in the...

The Department of Labor (DOL) recently released significant proposed changes to the overtime pay regulations under the Fair Labor Standards Act (FLSA). These proposed FLSA changes impact employers in every industry and sector. Although the final FLSA regulations are not expected to go into effect until...