Searching executive compensation on page 52

How We Got to This Point To set up this story, note that the Biden DOL had issued a final rule in April 2024 that sought to: ;Significantly raise the minimum salary for exemption as an executive, administrative or professional (EAP) employee under the Fair Labor Standards Act (FLSA) and, in doing so, expand access to overtime pay to an estimated 5 million American workers who had been classified as salaried (or exempt) by their employer.; ;Significantly increase the total annual compensation level for exemption as a “highly compensated employee” (HCE) under the FLSA.; In the months leading up to the election, the final rule was challenged in several lawsuits spanning multiple U.S. district courts, and on Nov. 15, 2024, the U.S.

For WorldatWork Members ;WorldatWork’s Salary Budget Survey , research;Compensation Immersion Program , course;Performing a Pay Equity Analysis, course;Cracking the Compensation Code: Connecting Pay Strategy, Transparency and Benchmarking , webinar; ; NEW!

In additional EEOC news, acting chair Lucas announced on Wednesday, Jan. 29, that the agency, in support of Trump’s Executive Order 14166 , is actively “rolling back the Biden administration’s gender identity agenda.”

Compensation Area: Review and evaluate the overall compensation philosophy of WorldatWork and the specific compensation of the Chief Executive Officer.

It’s about understanding and delivering the ways in which a holistic approach to rewards — including compensation, benefits, recognition and development — can motivate, attract and retain top performers, ultimately boosting what executives are most responsible for: overall sales and business performance.

;Jan. 20: President Trump signed 26 inauguration-day EOs, including Executive Order 14151, “ Ending Radical and Wasteful Government DEI Programs ,” which called for “the termination of all discriminatory programs, including illegal DEI and ‘diversity, equity, inclusion and accessibility’ (DEIA) mandates, policies, programs, preferences and activities in the federal government, under whatever name they appear.”; ;Jan. 21: Trump signed Executive Order 14173, “ Ending Illegal Discrimination and Restoring Merit-Based Opportunity ,” which instructed federal departments not to issue contracts to private organizations that enforce DEIA frameworks, prevented affirmative action from being implemented by government contractors, revoked certain parts of the Equal Employment Opportunity (EEO) order and other orders in terms of federal contracting jobs, and called on federal agencies to investigate nine publicly traded companies for related practices.; ;Jan. 21: In a step to comply with Executive

“This decision is unprecedented in our 53-year history,” Southwest president and chief executive officer Bob Jordan said in a statement.

Most organizations believe sharing pay ranges with employees will lead to: ;Significantly more questions about compensation from managers (70%);; ;More questions about compensation from employees (68%); and,; ;More pay negotiations (53%).; Also, concerns about managers’ ability to explain compensation programs and possible employee reactions are the most cited factors holding back pay program communication.

Join us as we engage with guests in the HR and rewards fields – including practitioners, service providers and academics — and people outside the field, including prominent business executives and authors, to gather perspectives on the ever evolving world of work.

Some of that may be due to bonus tenure requirements in an industry that has added a number of new workers recently.; ;Food and beverage companies paid bonuses to 6.8% fewer employees in 2024 — following significant recent wage growth in that industry, some companies may have needed to decrease their bonus budgets after increasing base wages.; The Role of Bonuses in Overall Compensation Strategy Bonuses and other variable pay are an especially popular compensation strategy in performance-oriented jobs or industries particularly focused on retaining skilled labor — and they spike during periods of economic growth, said Ruth Thomas, a pay equity strategist at compensation software and data company Payscale.