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Securities and Exchange Commission, Owen made more than $4.9 million in total compensation in the fiscal year ending May 28, 2022.

Compensation professionals can help the organization in both the short- and long-term when it comes to proactive pay practices because they are compensation experts with a pulse on the labor market.

Key Takeaways IRS Releases 2026 Dollar Limits for HSAs, HDHPs, HRAs;DOL Will No Longer Enforce 2024 Independent Contractor Rule;Trump Nominates Florida Attorney to Fill EEOC Role;Judge Blocks Executive Order that Targets Collective Bargaining; NEW!

“However, this really begins with having formal pay structures and a compensation strategy, validated by human compensation professionals, that ensures that pay is both competitive and fair for employees.”

Providing one-to-two weeks of pay per year of service is a standard practice, with management and above typically receiving four weeks or more and executives receiving anywhere from three to 24 months of severance pay.

The broader legal issue — whether the President has the authority to fire executive branch workers at-will — may soon head to the Supreme Court, which has in recent years been sympathetic to claims that the President should have more control over executive branch agencies.

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Compensate employees fairly, so they know that raises are more about recognition than improving one’s lifestyle.; NEW!