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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 […]

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

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

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

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

Payscale is an excellent platform for tracking compensation trends. But it’s not the only option out there, and due diligence sometimes requires a second opinion. If you’ve never used Payscale before, it’s a platform that

Base pay is the amount you pay workers for their worked hours. It does not include extra compensation, like bonuses, commissions, or benefits. Base pay is really the starting point for employee compensation. Workers look

Jury duty is something many dread, but the fact of the matter is that, in most cases, a person is required by law to report for jury duty. While the jury duty process can be

When an employee receives payment from someone who isn’t their employer while they’re out on sick leave, it’s called third-party sick pay. Even though employers don’t pay it, there are tax and reporting obligations they