Compensation
[AIG Bonus] Contracts Are Made To Be Broken — Or Are They?
If you’re new here, you may want to subscribe to my RSS feed or receive my updates by Twitter, IM, or email. Thanks for visiting!
“I expect you to be honest, hard working, and treat the company as if you own it.”
– C.V. Starr
“AIG’s ongoing efforts to be an outstanding corporate citizen and promote responsible and [...]
(Taxpayer-Financed) Bankers’ Bonuses Redux
On January 6, we published a guest post by eFinancial Careers writer Jon Jacobs. In it, Jon argued that it is essential to allow financial institutions to continue paying out bonuses and incentive pay to employees, in part to stave off what he called “a Destabilizing Round of ‘Musical Employers’”:
The political spotlight on compensation poses [...]
Banking Bonus & Incentive Pay Dilemmas
Bonuses for Banking Executives for 2008 Performance? You’re Kidding, Right? — No.
The near-collapse of the financial services industry has left our economy reeling and made many taxpayers angry. So why should financial professionals keep receiving bonuses? After all, many other workers have never received year-end bonuses — and the ones that have don’t expect to [...]
As Ledbetter Fair Pay Act Debate Heats Up, NLRB Reiterates It’s Illegal to Bar Employee Discussion of Compensation
In recently discussing the Ledbetter Supreme Court case on the time limits for filing compensation discrimination charges, and Congressional efforts to alter its result, I mentioned, in passing, the NLRB (National Labor Relations Board) position on rules against discussing compensation.
Many people are opposed to pay discrimination and may be motivated to share such information in order to ferret out and remedy possible discrimination. They may, however, be concerned that doing so would violate the employer’s confidentiality rules.
It is thus significant that the NLRB recently issued a decision reaffirming its position on rules prohibiting or chilling employee discussion of compensation and benefits.
Is Ledbetter Fair Pay Act Needed?
Last week, in Part 1 of this series, I discussed the Supreme Court’s Ledbetter decision and the criticism of it that led to the introduction of corrective legislation in the form of the Fair Pay Act.
Today, in Part 2, I’ll cover some reasons why I believe the impact of Ledbetter on employees is not as harsh as critics claim, and why compensation discrimination is not as different from other types of job discrimination as they claim.
Senate Blocks Ledbetter Fair Pay Act
Last week Republicans blocked legislation (Fair Pay Act) intended to reverse last year’s Supreme Court ruling in Ledbetter v. Goodyear Tire & Rubber Co., widely criticized for making it easier for employers to get away with pay discrimination.
This is Part I of a two-part series on the Ledbetter case and why legislation to overturn it is not urgent and perhaps unwise.
The Banking Bonus & Incentive Pay Dilemmas
Bonuses for Banking Executives this Year? You’re Kidding, Right?
No.
The near-collapse of the financial services industry has left our economy reeling and made many taxpayers angry. So why should financial professionals keep receiving bonuses? After all, many other workers have never received year-end bonuses — and the ones that have don’t expect to see much of [...]
Employers Beware: Costly Overtime Suits Big Trend
On this Blawg, we’ve talked about overtime law and the risks of overtime litigation before (see links below).
Nothing has changed, but the trend of increased litigation and expensive settlements in this area of employment law continues. As big overtime settlements draw attention from lawyers and employees alike, expect this trend to continue its acceleration.
More [...]
Three reference sites — for general HR, overtime rules, and technology policies
The only common thread here is that these are three sites you may want to explore and bookmark, as they look to be full of helpful content.
I’ve added them to my custom search engine.
(1) AllBusiness bills itself as “the one-stop resource for growing businesses.”
Its site includes a Human Resources page, with links to [...]
Underpaid? Overpaid? Try This Website for Lots of Pay Surveys
Whether you are job hunting and need to determine what the proper pay is for a job, or whether you are happily employed, most people like to make sure that they are being properly paid (OK, at least paid comparably to others in similar jobs) for their efforts.
The way to determine this is through salary [...]
OFCCP Publishes Final Standards for Analysis of Systemic Compensation Discrimination
It may seem like a long time ago, but we made a posting back in November, 2004, regarding OFCCP’s proposed standards for analysis of Systemic Compensation Discrimination.
As of June 16, 2006, OFCCP has posted its final standards for analysis of systemic compensation discrimination.
Pay-for-Performance: A Nice Resource
Recently, I discovered a nicely written document on pay-for-performance systems.
It is reasonably comprehensive, without being too complex. It does NOT focus on the Internet and was not written for commercial purposes, but with reference to government employees. However, it has more general applicability.
The document, which I briefly review next, is a January 2006 report [...]
Multi-Million Dollar Overtime Compensation Settlement
Swiss financial services giant UBS AG has settled class action suits by financial advisers and trainees for that position who claimed they were unlawfully treated as exempt from overtime pay.
UBS said it will pay as much as $89 million to resolve the suits at the federal and state level “because it did not believe [...]
More on Minutes Adding Up Under Recent Supreme Court Fair Labor Standards Act Case
In an earlier post, “Those Minutes Add Up: Recent Supreme Court Case Highlights Fair Labor Standards Act Compliance,” I said that although many employers do not confront the specific safety gear issue involved in that Fair Labor Standards Act case, “unaffected employers still can learn something from this decision.”
An article in SHRM Online (members only) [...]
Those Minutes Add Up: Recent Supreme Court Case Highlights Fair Labor Standards Act Compliance
Earlier this month, the Supreme Court unanimously held that under the Fair Labor Standards Act (”FLSA”) time spent walking to and from the production floor after putting on specialized safety gear or clothing was required to be counted as time worked.
IBP, Inc. v. Alvarez [.pdf], No. 03-1238 (November 8, 2005).
Similarly, time spent waiting before [...]
