Searching Employment Law on page 64

Compensation Cost to Sales Ratio = (Total Compensation Costs / Total Sales Revenue) * 100 Compensation (Bonus) Gross Up Example Gross-Up Example for a $5,000 Bonus If the employer wants to award a **net bonus** of $5,000 and the combined tax rate is **30%**, here's how to calculate the grossed-up amount: Gross-up Factor Calculation: Gross-up Factor = 1 / (1 - Tax Rate) Gross-up Factor = 1 / (1 - 0.30) Gross-up Factor = 1 / 0.70 Gross-up Factor ≈ 1.4286;Gross Bonus Calculation: Gross Bonus = Net Bonus × Gross-up Factor Gross Bonus = $5,000 × 1.4286 Gross Bonus = $7,143;Verification: Gross Bonus: $7,143 Taxes Withheld: $7,143 × 30% = $2,143 Net Bonus: $7,143 - $2,143 = $5,000; Final Grossed-Up Amount: $7,143 The employer should pay a **grossed-up bonus of $7,143** to ensure that the employee receives a **net bonus of $5,000** after taxes are deducted.

The agreement was reached Friday, Dec. 13, and is believed to be the largest ever of an ERISA case stemming from poorly performing investment options in a 401(k) plan, according to law firm Sanford Heisler Sharp McKnight.

For multistate employers, and increasingly single state employers with remote workers, navigating varying state regulations can be a complex administrative burden, often resulting in confusion and frustration for both employers and employees (the word we hear most often is “nightmare”).

Don’t be surprised if they retain outside counsel, who specialize in employment law affecting salespeople.

The Canadian government (n.d.) passed a pay equity law in 2018 that applies to the federal civil service and to organizations under federal jurisdiction.

WTW's 2024 Pay Effectiveness and Design Survey , a client survey shared with Workspan Magazine , found that many of the employer respondents did not feel they were delivering on the core objectives of their pay programs.

Individuals can also enhance their employability by voluntarily sharing their data with the recruiters, because it improves employment opportunities and creates a culture of trust between the employee and the employers (Chillakuri and Attili 2021).

Different laws help explain the prevalence of specific types of LTI in European countries.

The tech company said it supports more than 2.9million jobs across the country through direct employment, work with U.S.

The company should ensure that the fixed compensation set-up is compliant with local laws and regulations, including any employment- and tax-related requirements.