Today, May 18, 2016, President Obama and Secretary Perez have released the final ruling regarding overtime regulations. Over four million will be affected within the first year of implementation. The final ruling will become effective as of December 1, 2016...
New Human Resources Trends: What To Look For In 2016
New Human Resources Trends: What To Look For In 2016 by Lara L. Sadowski January 27, 2016 It is safe to assume that the corporate climate has changed over the last few decades due to such evolutions as new technology...
Slight Increase In Salary Budgets Projected For 2016
Similar to their 2015 results, WorldatWork is again projecting a 3.1 percent average increase (median 3.0 percent) in salary budgets for 2016. The 2015 projections were exactly the same; however, the official numbers fell short of the 3.1 percent initial...
Proposed Overtime Regulations
Newly Proposed Overtime Regulations: What to Know and How to Plan In March 2014, President Obama instructed the Department of Labor to revise overtime regulations that will adhere to the Fair Labor Standards Act’s (FLSA) overall purpose. The Department of...
Economic Tether Holds Strong: 2015 Salary Increase Projections Parallel 2014
Following in the "path" of 2013, though it was predicted to rise by one-tenth, the actual increase for 2014 remained at three percent. According to WorldatWork, salary increase projections for 2015 are expected to remain stagnant around the three percent...
One-tenth Unraveled: 2014 Salary Increase Projections – Is the Economic Tether Loosening?
As expected, the salary budget increase projections for 2013 were accurate, with the actual increases at three percent. Although this was only an increase of two-tenths percent from 2012, it was hopeful that the economy was improving. However, it was...
The Threefold EEOC Focus
By January 28, 2013, the United States Equal Employment Opportunity Commission (EEOC) reported that it had received nearly 99.5 thousand private sector workplace discrimination charges during the 2012 fiscal year. The allegations include, predominately, retaliation, race, and sex discrimination. Due...
Relentlessly Tethered: Early 2013 Salary Increase Projections Mirror 2012
After hitting an all-time low in 2009, with salary increases dropping to an average of 2.2 percent, the projected average salary increase of three percent for 2013 may sound appealing. However, according to WorldatWork, the movement is not coming from...
The Gradual Ascent: Salary Increases Tethered by the Economy
In 2003, Americans believed that salary budget increases had hit an all-time low. At 3.4 to 3.6 percent, it was the first time in decades that increases had dropped below 4 percent. 13 percent of employees froze salaries in 2004...
The Importance of Being Current
With the economy still lulling, many organizations may overlook the importance of keeping their salary structure current, posing the question, why is developing a comprehensive compensation program so important? Throughout this piece, we will discuss why an organization should become...
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