With high inflation comes inevitable talk of COLAs, or cost-of-living adjustments. A COLA is a pay increase given to employees based on how much it costs to pay for basic needs like housing, groceries, and …
What is COLA Pay? A Complicated Way to Waste Money Read More
Supplemental pay is any compensation you pay your employees in addition to their base salary or wages. Things like performance-based bonuses, shift differentials, and overtime are common examples of supplemental pay. Normally, supplemental pay is …
Pay parity is when an employer pays its workers equal compensation. This doesn’t mean paying new hires the same as people with 10 years of seniority at your company. Instead, it means paying people the …
Pay Parity Strategies from 5 Top Companies – What’s Working? Read More
Employee overpayment is more common than you might think. It happens for a dozen reasons. Maybe a manager accidentally approved the same invoice or paycheck twice. Or perhaps a new accountant entered the wrong hourly …
Yes, Employers Can Usually Recover Employee Overpayment Read More
Sometimes, certain roles within your company become redundant. Maybe technology has slowly eliminated the need for a specific job. Or maybe you realize that you basically have two employees who do the same thing—and there’s …
No Redundancy Payment Law in the US, But Smart Employers Do This Read More
Naturally, the average wage has increased significantly in the United States over the past few decades. As the cost of living increases, it makes sense for wages to go up. Data from the Social Security …
Average Pay Raise Percentage: Is 5 Percent Still Acceptable? Read More
The essence of a pay for performance strategy is simple: when your employees perform well, you reward them with extra pay. It sounds like a good idea, right? And it is—most of the time. If …
Does Pay for Performance Work? Yes, In These Situations Read More
Bonuses help organizations incentivize employee performance. Whether they surpass their sales goals or design a winning marketing campaign, an employee can receive bonus pay as part of their direct compensation package to reward them for …
How to Calculate Bonus Pay and Taxes for Every Type of Award Read More
Companies without a regular pay equity analysis, or pay equity audit, schedule risk serious compensation issues, like pay inequity and salary compression. PEAs help organizations determine whether people in similar roles with similar skill sets …
Why Delaying a Pay Equity Analysis Is Worse Than You Think Read More
Pay equity compensates employees similarly and fairly for the work they do without considering gender, race, age, and other discriminatory factors. The Equal Pay Act specifically covers pay equity for men and women, requiring that …
Why Pay Equity Always Falls Apart Without These Safeguards Read More
