Incentive Pay

Build a bonus plan for an economy on the mend

06/14/2011

After two years of painful payroll reductions, some employers are considering pay raises. In many organizations, pay hikes will come in the form of variable compensation plans. Experts say these two tactics can help HR pros create variable pay plans that strike a balance between risk, reward and fiscal stability.

What are the details on new FLSA regulations?

06/10/2011

Q. I’ve heard there are new Fair Labor Standards Act regulations coming. When do the final regulations updating the FLSA become effective?

What’s the New Jersey law on paydays?

06/08/2011

Q. Are there specific rules on when I must pay my employees?

Alaska Air pays 9% bonus to everyone on payroll

04/11/2011

Every employee of Alaska Air Group pocketed an extra month’s pay in February when the organization paid record annual bonuses totaling $72 million. The 9% bonuses came after the airline’s 12,600 employees helped the organization exceed its 2010 operational and financial goals.

Amityville Fire Department settles age bias lawsuit

04/06/2011

A group of volunteer firefighters for the Amityville Fire Department will share $209,280 after they settled a lawsuit alleging discrimination in the way cash bonuses were handed out.

Will bonuses affect employees’ ‘regular rate’ when calculating overtime pay under the FLSA?

03/04/2011

Q. We want to offer incentive bonuses to hourly workers in order to increase business and productivity. Will these bonuses affect the employees’ “regular rate” under the Fair Labor Standards Act (FLSA) for purposes of overtime calculation?

Must we prorate bonuses for employees who missed work while out on FMLA leave?

02/09/2011

Q. Many of our employees are eligible for a bonus at the end of each year if they meet specific yearly sales goals. Are we required to prorate the bonus for employees who fail to meet their goals because they took FMLA leave during the year?

Post-recessionary bonus plans: Strike a balance between risk and reward

01/25/2011

After two years of painful payroll reductions, there’s enough light at the end of the recessionary tunnel for some employers to begin considering pay raises. In many organizations, pay hikes will come in the form of variable compensation plans. Experts say two tactics can help HR pros create variable pay plans that strike a balance between risk, reward and fiscal stability.

Siemens employees get big post-recession bonus

12/20/2010

Now that the worst of the economic crisis seems to have passed, Berlin, Germany-based electronics and powerhouse Siemens in December said thanks to its employees worldwide with “special payment” bonuses totaling $430 million. Nonmanagement employees in the United States received almost $100 million.

When setting pay and bonus plans, take both federal and Minnesota laws into account

12/09/2010

A recent state Supreme Court decision highlights one of the unique problems facing employers: While a pay practice may be valid under state law, it may be illegal under federal law. To ensure they’re in full compliance, employers must be prepared to change their pay practices to conform with the most restrictive law.