The practice, often deployed by retail and restaurant companies, takes advantage of the Fair Labor Standards Act, which exempts firms from paying overtime wages if the employee is a manager and gets paid a salary above a certain threshold.
While the labor market remains tight, evidenced by last month’s better-than-expected increases in both jobs and wages, employers are gaining back some leverage just in time for the tough conversations between bosses and employees to begin.
Leaders usually deploy incentives with the aim of boosting their organization’s performance, but the focus on rewards can “open you up to overlooking other important values,” the lead author of the study said.
Salary transparency laws are being adopted by a small but growing number of cities and states across the country in an effort to address pay disparities for women and people of color.
Additionally, Purdue University said most students on the West Lafayette campus will not see an increase in room and board rates for the 2023-2024 academic year.
The Carmel City Council on Monday night voted to approve the salary increase for Mayor Jim Brainard and for City Court Judge Brian Poindexter, Clerk Sue Wolfgang and the city council.
Beginning in October, warehouse and transportation workers would earn between $16 and $26 an hour, depending on their position and location in the U.S.
Even in places where it’s not required, employers have started listing pay information on job ads as candidates and employees demand transparency in the name of fairness.
Government workers—teachers, firefighters, sanitation workers, bus drivers, city government employees—who make up more than 15% of the U.S. workforce, have seen their wages lag significantly behind those employed by private industry over the past year.
The largest pilots union has approved a contract that would boost the pay of pilots at United Airlines by more than 14% over the next 18 months, potentially clearing the way for similar wage hikes throughout the industry.
The Indianapolis City-County Council will get a pay hike for the first time in more than two decades, after it voted Monday night along party lines to increase compensation starting in 2024.
After handing out hefty salary increases over the past year, companies are now becoming more cautious with their cash over concern further big payouts will eat into profits, according to staffing companies, business owners and recent surveys.
Last year’s leap for median pay of S&P 500 CEOs was the biggest since a 23.9% surge for 2010 compensation packages, according to the data analyzed by Equilar.
The federation announced separate collective bargaining agreements through December 2028 with the unions for both national teams on Wednesday, ending years of often acrimonious negotiations.
The increasing dollar amounts available to college athletes through the recent formation of collectives has drawn the attention of the NCAA, which this week released guidance for schools in the hopes of maintaining the original intent of NIL compensation.
A new proposal from the council’s Democratic leadership would push annual base pay for the city’s 25 part-time councilors to $31,075 from just $11,400 and represents the council’s third attempt at a pay raise in seven years.
Younger women have closed the pay gap or are outpacing their male counterparts in nearly two dozen U.S. metropolitan areas, according to research published Monday.
A group that advocates for college athletes has filed a federal complaint that claims NCAA Division I schools are violating the civil rights of Black basketball players and major college football players by prohibiting compensation.
When Target first announced in 2017 it would pay $15 an hour by 2020, it was one of the first major retailers to do so. But during the pandemic, a number of rivals like Best Buy followed suit, with some surpassing Target.
U.S. women soccer players reached a landmark agreement with the sport’s American governing body to end a six-year legal battle over equal pay, a deal in which they are promised $24 million, plus bonuses that match those of the men.
