Searching Compensation on page 72

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For WorldatWork Members 2024-2025 Salary Budget Survey , research;Mini-Study: Navigating the Living Wage Journey , research;Compensation Programs & Practices , research;Guidance on How to Avoid Common FLSA Classification Errors , Workspan Daily Plus+ article;FLSA Implementation Toolkit , tool; Imagine owing your employees more than $360,000 in back wages and damages and another $200,000 in penalties for wage-and-hour violations related to misappropriated tips.

;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 November 2024 elections, the final rule was challenged in several lawsuits spanning multiple U.S. district courts, and on Nov. 15, the Eastern District of Texas federal court issued a decision in the case State of Texas v.

Unless the employee works under a collective bargaining agreement with guaranteed pay increases, your compensation philosophy on merit increases will need to be reconveyed to that person so they understand how pay decisions are made.

Economy Remains a Primary Budget Driver Payscale’s study found that while most surveyed organizations (66%) anticipate their compensation budget will remain the same, those that forecast an increased budget or a decreased budget generally pointed to economic factors as the core reasons for a shift.

.; Editor’s Note: Workspan Daily will be publishing a monthly sales compensation column from the Alexander Group for the benefit of our readers and to encourage further discourse on topics vital to compensation professionals.

Several significant macroeconomic events place pressure on companies’ talent and compensation decisions.

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For organizations that already have formal grading and compensation structures, the task now becomes examining the eligibility of compensation and benefit programs.