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Incentive Pay

Motorola cuts executive pay, freezes employee pension

01/16/2009

Schaumberg-based Motorola announced in December that it would cut executive pay and freeze pension contributions to control costs. Co-chief executives Greg Brown and Sanjay Jha said they would trim their own base salaries by 25% in 2009.

Remember to recalculate overtime after bonus

01/15/2009

If, like many employers, you rely on a bonus plan to help retain valued employees and motivate them to work hard, don’t get caught in this common trap: Employees who worked overtime during the bonus-earning period will be entitled to additional overtime pay after they get their bonuses.

UnitedHealth settles stock scheme lawsuit for $895 million

01/13/2009

Minnetonka-based UnitedHealth Group has agreed to pay $895 million to settle a lawsuit alleging the health insurance company gave executives backdated stocks, a compensation scheme that lined the execs’ pockets but caused losses for investors.

Can we forbid employees from sharing how much of a bonus they received?

01/13/2009

Q. My company asks employees who receive raises or discretionary bonuses not to discuss them with other employees. An employee recently took issue with this request and told me the company’s practice is illegal. Is that true?

Do homework before selecting gift cards for employees

01/05/2009

Employees say gift cards make the best gifts, rewards or incentives. But buying gift cards from stores during a recession could be risky. Before you spend your incentive budget on cards that generate more problems than appreciation, do some homework.

Do year-end bonuses affect pay status?

01/05/2009

Q. What effect do end-of-year bonus payments have on a nonexempt recipient’s hourly rate of pay?

So, just how much does that guy make? Find out online

01/05/2009

Call it morbid interest born of the current economic crisis, but more and more everyday citizens want to know exactly how much Texas executives earn. To help them satisfy that curiosity, the Houston Chronicle has created a handy database …

Formal contract not necessary for employee to bring wage claim under IWPCA

12/11/2008

Under the Illinois Wage Payment and Collection Act, employees can sue their employers if they believe they are owed money, including promised commissions and the like. The law doesn’t require that the money owed be promised in a binding, written contract.

Stop ‘who said what’ lawsuits: Draft policy disavowing oral pay agreements

12/09/2008

Oral agreements concerning compensation and bonus payments can be enforced in court, and that can lead to tricky “who said what” legal problems. Those are problems you can easily prevent with the help of good legal counsel.

By The Numbers: Top executive pay down 4%

12/08/2008

A cynic might say a 4% average earnings decline isn’t enough, but at least the highest-paid executives in America’s publicly traded corporations are feeling some of the pain of the financial meltdown.