Searching Compensation on page 58

Tax cuts on tips — as well as on overtime compensation and Social Security benefits — will certainly be in those conversations.

While unpaid arrangements have persisted, additional legal challenges since then illustrate the ongoing dilemma employers face in navigating intern compensation.

Next Steps To continue narrowing the racial pay gap, employers must define fair pay commitments and priorities, so they are aligned with the organization’s overall compensation strategy, said Mariann Madden, North America pay equity co-lead at WTW.

Address Uncovered Pay Inequities — And Prevent Future Gaps A comprehensive pay equity strategy is multifaceted, Pinto said — it includes conducting annual pay equity analyses, communicating the compensation policy with employees, offering regular performance feedback, and providing transparency around potential career paths and promotion qualifications.

.; ;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 No Experience Necessary: Compression’s Impact on Pay Equity , Workspan Magazine article;5 Things TR Pros Can Do to Mitigate Pay Transparency Risks , Workspan Daily Plus+ article;Answers to Common Employee Questions on Pay Transparency , Workspan Daily Plus+ article; For Everyone The Impact of Pay Compression on Pay Equity , Workspan Daily article;Pay Transparency Is a Global Phenomenon (and Concern) , Workspan Daily article;How Pay Transparency Changes Compensation Management , Workspan Daily article; NEW!

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 ;Total Rewards ;Organizational Performance ; FREE Newsletter FREE E-newsletter Subscribe to Workspan Weekly for news on trends and compliance in Total Rewards, compensation and benefits.

Compensation Strategies in a Fast-Changing Market In today’s fast-paced tech world, compensation professionals need to stay flexible and responsive.

"Coupled with higher wages and the expansion of hours, these investments have not only resulted in lower turnover ... but have also increased hourly total cash compensation by nearly 50% since fiscal year 2020," the company said in a statement.

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