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The new minimum pay law, which is aimed at forcing tech companies to better compensate gig workers, will require the platforms to pay workers about $18 per hour at first, starting in October, and to increase that amount to $20 per hour by 2025.

Member Only Access Member Only Access No Results Found Please try a different combination of filters or categories. ;; ;; ;; ; Workspan Q2 2023 In the Q2 issue of Workspan, we explore how to elevate your retirement plan with SECURE 2.0, solve executive retiree compensation challenges, craft a total rewards makeover that delivers results, and more.

Bear is the CEO for her own strategic advisory firm as well as a board director and HR/compensation committee member at Heidrick & Struggles, an executive search, corporate culture and leadership consultancy.

Compensation AI advocates say an algorithm can enable consistent application of pay policies and compensation philosophy, so that the quality of the decision no longer depends on the quality of the decision maker alone.

Consider the pharmaceutical industry, where ZS has conducted sales compensation pay practice research studies for more than a decade.

The risk management and consulting firm’s “2025/2026 Salary Planning Report”revealed participating organizations are forecasting fiscal year 2026 average total pay increases of: ;3.3% for non-exempt (hourly) workers; ;3.3% for managers; ;3.2% for executives; ;3.2% for “other exempt” workers; This is a step down from 2025 actual increases, as the report showed averages of: ;4.0% for managers; ;3.9% for non-exempt workers; ;3.8% for executives; ;3.8% for “other exempt” workers; For its new report, Gallagher collected data from 1,165 organizations in an online survey conducted between March and April.

Avoid Compensation Tunnel Vision Modular compensation offers organizations a way to make a potentially substantial impact on employee engagement and retention.

HR Dive found that PwC, for example, advertised an account executive position paying $116,000 to $268,000 — a more than $160,000 span.

The updated rule defines and delimits who is a bona fide executive, administrative and professional employee exempt from the Fair Labor Standards Act’s overtime protections.

Editor’s Note: Additional Content For more information and resources related to this article, see the pages below, which offer quick access to all WorldatWork content on these topics: ;Employee Compensation; ;Employee Experience; ;Executive Compensation; ;Finance and Budgeting; ;Organizational Performance; You have to login to perform this action.