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 cri...
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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 aga...
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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 motivate and ...
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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 recording, ...
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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 to ...
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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 merely a t...
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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 judge's order...
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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 judge's order...
Read MoreINDIANAPOLIS—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 hindsight," Faurote...
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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 yo...
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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, includin...
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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 judge's order...
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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 burdensome...
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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 in you...
Read MoreThe topic of minimum wage standards is in the news again; in fact, the subject seems to be a constant source of confusion and debate. Making matters more complex these days is the fact that new terms have emerged: "Living Wage" and "Fair Wage". There are, indeed, important distinctions between all t...
Read MoreIn 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. Th...
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