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Jensen was the first to introduce the idea of agency costsand the “theory of the firm,” ( Jensen and Meckling 1976) which underpins modern corporate governance and executive compensation practice.

.; Additional Information This course is ideal for professionals who are responsible for compensating dispersed employees and who want to build, support and administer a geographic pay strategy grounded in geographic pay differentials.

Court of Appeals for the Fifth Circuit in New Orleans, which covers Louisiana, Mississippi, and Texas, upheld a district court’s decision that two highly compensated IT engineers were not properly paid on a salary basis and, therefore, not exempt from the overtime requirements of the Fair Labor Standards Act (FLSA).

Sharing Salary Data: When Is It Safe vs Criminal On Demand until December 31, 2025 Facebook Twitter LinkedIn Compensation professionals routinely gather and sometimes share salary data, putting them at risk for violating U.S. antitrust laws.

.; “If an employer claims the tip credit, tips may only be shared by employees who customarily receive tips as part of their wage compensation,” stated Mary O’Rourke, a Wage and Hour Division district director in Michigan.

Save Reuse Permission According to new Mercer research , hourly workers trail their salaried peers when it comes to career advancement opportunities, being able to afford healthcare and avoiding financial hardship — and they more frequently believe they are not being compensated fairly.

“The COVID-19 pandemic has made it clear to many companies that employees can and will work remotely worldwide,” said Steltenpohl, who is also the former head of global compensation at Heineken N.V.