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Workspan Daily
04/06/2023
A Deeper Change The rule steps up the level of information employers must provide employees about their pay, including “information on how their pay compares to male and female peers,” said Tamsin Sridhara, WTW’s global pay equity lead.
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Workspan Daily
01/17/2024
Steps for Employers Keeping up with the latest state and federal regulations is a must, as failure to do so can open employers up to litigation from employees who were let go or individuals who were removed from the candidate pool due to their consumption of marijuana, said Morgan Fox, political director at NORML.
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Tools
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.
Workspan Daily
06/01/2023
“Maybe there’s an employee in a call center who doesn’t show up or leaves unexpectedly and the remaining team picks up the workload,” he said.
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Workspan Magazine
10/03/2024
Paying a living wage is quickly rising up the employer agenda.
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Workspan Daily
11/09/2023
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It's an all-too-familiar sight for some organizations with remote employees: seeing a co-worker on Zoom bundled up on their couch, waving an apology as they mute themselves for a coughing fit.
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Journal Article
08/23/2024
Based on its expertise backed up by data, the center provides a platform to industry leaders, HR and rewards professionals, board members, shareholders, investors and academics to discuss, debate and inspire one another on the topic of CEO pay.
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Workspan Daily
11/15/2024
The measure will increase the state’s minimum wage to $15 per hour by July 1, 2027, provide employees the ability to accrue up to 56 hours of paid sick leave per year at employers with 15 or more employees and up to 40 hours at employers with less than 15 employees, and would prohibit captive audience meetings.
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Workspan Daily
11/04/2024
;The income limit for the Saver’s Credit (also known as the Retirement Savings Contributions Credit) for low- and moderate-income workers is $79,000 for married couples filing jointly , up from $76,500; $59,250 for heads of household , up from $57,375; and $39,500 for singles and married individuals filing separately , up from $38,250.
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Workspan Daily
11/14/2025
For 2026, this higher amount is $18,100, up from $17,600 for 2025.;
;The catch-up contribution limit that generally applies for workers aged 50 and over who participate in most SIMPLE plans is increased to $4,000, up from $3,500 for 2025.
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