article thumbnail

How to Ensure Your Pay Practices Are in Compliance With Pay Disclosure Laws

Zenefits

Pay disclosure mandates will likely gain traction in more jurisdictions, which means employers must be ready to change their compensation policies and even their recruitment practices, if necessary. But pay gaps by some accounts are widening. Collecting data from compensation reports on pay rates in your geographic area.

article thumbnail

Wage Increase Demands Up Nearly 20% in Two Years; Benefit Offerings Lag Behind

Refresh

Expectations for wage increases have jumped roughly 20% since 2020 as 70% of companies plan to offer higher salary adjustments through the end of the year. ” Alternative Compensation. Yet a fifth of companies (20%) feel there will not be a change to their wages for the remainder of 2022.

Benefits 105
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

What Is the Portal-to-Portal Act?

Zenefits

Employment attorneys are often asked whether the Portal-to-Portal Act deems specific activities as compensable. These days, questions also revolve around whether workplace measures taken to fight COVID-19, such as the time employees spend in daily health screenings at the start of the day, are compensable. Some history behind the FLSA.

article thumbnail

Workers’ Comp Insurance Cost

Zenefits

Do you have an active workers’ compensation policy for your employees who experience work-related injuries or illness? Therefore, it’s a good idea to carry a workers’ compensation policy. In this article, we’ll discuss the cost of workers’ compensation and what factors into those annual premiums.

article thumbnail

4 Strategies To Help Organizations Fix the Gender Wage Gap

15Five

Did you know that Pew Research Center reports that “it would take an extra 42 days of work for women to earn what men did in 2020?” Hold your organization accountable for fairness by providing compensation transparency. Does your organization have a formal compensation and benefits structure? Around 43% of U.S.

article thumbnail

10 Best HRMS Softwares in 2020: For Small & Medium Enterprises

Vantage Circle

Compensation. Does not provide trial accounts. The price quotes are as of May 2020 and is based on certain modules opted for, precisely Employee Self Service, Attendance/Leave, Performance, Payroll and Recruitment. The platform provides an excellent UI experience and a commendable customer support service. Cloud, iOS, Android.

article thumbnail

23 Key Employee Experience Statistics You Should Know in 2024

AIHR

trillion and accounts for 9% of the global GDP. Lattice, 2023) Compensation is an essential part of employee experience. Employees are seeking transparency in compensation, indicating a desire for fairness and clear communication regarding pay. McKinsey & Company, 2020). Low engagement costs the global economy US$8.8