Compensation budgeting is often misunderstood, underemphasized and oversimplified. Many employers tend to factor in only an employee’s annual salary and benefits when considering personnel costs. But this shortsighted approach can lead to a budget shortfall and employee dissatisfaction – two...
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Committed to keeping you informed with topics you care about. Other Key ResourcesContact UsCheck out our dozens of informative articles on employee compensation and total rewards. Then, be sure to scroll down to the bottom of the page where you can sign up for our newsletter and be the first to know when a new article is posted.
Recent Selections From Our Blog:
Compensation Sense: Compensation Budgeting is Essential for Effective Employee Total Rewards
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Compensation Sense: Can Your Company Avoid Compensation Discrimination Claims and DOL Audits?
Compensation discrimination can be costly – not just for victims of the practice, but also for organizations that must defend themselves against such claims. For example, Google recently found itself on the defensive after the U.S. Department of Labor (DOL) claimed the tech giant discriminated...
A Surprisingly Simple Tactic For Improving Employee Loyalty
This article first appeared in Inside INdiana Business’ “Perspectives” Employee loyalty may be at an all-time low. While a recent Deloitte study found that 78 percent of business leaders rate employee retention as important or urgent, large portions of an increasingly transient...
Compensation Sense: How Compensation Communication Can Help Improve Employee Satisfaction and Loyalty
Compensation communication can be a critical link toward improving employee morale, performance, overall satisfaction, and company loyalty – and yet it is often an afterthought. Let’s take a look at how damaging poor compensation communication can be, and how to use it effectively to...
Compensation Sense: New EEO-1 Report Impacts Employers with More than 100 Employees
The new EEO-1 report (the Employer Information Report) for 2017 includes significant changes that will particularly impact employers with more than 100 employees. And since this report is based on full-year data from 2017, if your company hasn’t already begun to adjust your employee data...
Compensation Sense: Is Your Base Pay System Falling Behind the Times?
Has your base pay system been in place several years without being reviewed or updated? If so, your company could be falling behind your industry, your competitors, and marketplace standards. That means you could be paying too much base pay in your current total rewards system, paying too little...
Compensation Sense: FLSA Overtime Rule Changes Delayed, but Perhaps Not Dead!
On Tuesday, November 22, 2016, a U.S. District Judge suspended the December 1, 2016 implementation date of overtime rule changes in the Fair Labor Standards Act. While many businesses may be breathing a sigh of relief because they were in danger of non-compliance, the judge’s order may be...
Death, Taxes and the New FLSA Overtime Regulations: Resistance is Futile
This article first appeared in Inside INdiana Business’ “Perspectives” Benjamin Franklin once wrote that nothing is certain “except death and taxes.” For modern-day corporate employers, however, compliance with the Fair Labor Standards Act’s new overtime...
Compensation Sense: A Q&A Guide to the New FLSA Overtime Regulations
IMPORTANT UPDATE: On Tuesday, November 22, 2016, a U.S. District Judge suspended the December 1, 2016 implementation date of overtime rule changes in the Fair Labor Standards Act. While many businesses may be breathing a sigh of relief because they were in danger of non-compliance, the...
Compensation Sense: New Overtime Rules Take Effect December 1, 2016 (and Non-Compliance Could Be Costly)
IMPORTANT UPDATE: On Tuesday, November 22, 2016, a U.S. District Judge suspended the December 1, 2016 implementation date of overtime rule changes in the Fair Labor Standards Act. While many businesses may be breathing a sigh of relief because they were in danger of non-compliance, the...
Compensation Expert Says, Despite “Clawbacks”, Wells Fargo Scandal Could Have Been Avoided
INDIANAPOLIS—October 4, 2016—Employee Compensation and Benefits consultant Cassandra Faurote has advice for executives at Wells Fargo and other corporations: look beyond the bottom line to make sure your compensation plans don’t put your company and its customers at risk. “In...
Compensation Sense: The Many Ways We Provide Compensation Services to Clients
At Total Reward Solutions, we offer a wide range of compensation services designed to help your organization remain compliant and competitive. That much is no surprise. But what might come as a surprise are the ways we provide these services. In short, we work with you in strategic alignment with...
Compensation Sense: What is a Total Rewards Strategic Assessment (and Why Do You Need One)?
At Total Reward Solutions, we offer certain services that might not come immediately to mind regarding compensation and benefits; one such service can be vital to operating competitively in your marketplace: the Total Rewards Strategic Assessment, or TRSA. In addition to our other services,...
Compensation Sense: Answers to Important Questions about the New Overtime Rules
IMPORTANT UPDATE: On Tuesday, November 22, 2016, a U.S. District Judge suspended the December 1, 2016 implementation date of overtime rule changes in the Fair Labor Standards Act. While many businesses may be breathing a sigh of relief because they were in danger of non-compliance, the...
The Employee Market Rises Again (Employers Can Benefit, Too)
In an improving economy, the balance of power can shift. On the New York Stock Exchange, for example, bear markets become bull markets. And in the American workplace, where employers once held the upper hand, employees can suddenly wield more power and demand more in pay, benefits and incentives....
Compensation Sense: New Department of Labor Overtime Rules Extend Protections to Millions More Workers
IMPORTANT UPDATE: On Tuesday, November 22, 2016, a U.S. District Judge suspended the December 1, 2016 implementation date of overtime rule changes in the Fair Labor Standards Act. While many businesses may be breathing a sigh of relief because they were in danger of non-compliance, the...
Compensation Sense: Proposed EEOC Reporting Requirement May Increase Risk for Employers with Little Reward for Employees
In an effort to reduce the pay gap between men and women for equivalent work, the Equal Employment Opportunity Commission recently proposed a new EEOC reporting requirement that will affect employers with 100 or more employees. While the EEOC claims the requirement should not be overly...
Compensation Sense: Why Your Company Probably Needs an Employee Compensation Review
Although the word “review” can strike fear in the hearts of many, a compensation review can be a very good – and necessary – thing to keep your company competitive in the marketplace and safely in compliance. At Total Reward Solutions, we not only recognize the value of this endeavor;...
Compensation Sense: Want to Boost Employee Attraction and Retention? Offer Unique Employee Benefits.
If you want to stand apart from your competition as you seek to attract and retain top-quality employees, consider offering truly unique employee benefits. By customizing (and personalizing) your employee benefits mix, you can more responsively meet the needs of your workers while also generating...
Compensation Sense: How Competitive Employee Compensation Can Benefit Your Company
Competitive employee compensation isn’t just an admirable goal or lofty ideal; if you want your company to attract and retain top talent and improve employee morale, competitive compensation is a must. Here’s why it matters, and how you can implement fair and competitive employee...
Compensation Sense: Employers Beware: New Free Salary Data is Available in an App (and That Can Be Dangerous)!
Just when you thought there was enough free salary data on the internet for employees to use and question you with, we now have a new player in the market: the “WageSpot” app. This new salary information app will make data available by ZIP code based on gender, industry, age, and job...