Nonprofits React to New OT Regulations

by Linda M. Lampkin, Senior Nonprofit Compensation Specialist 8. June 2016 14:03
The new regulation from the Department of Labor that expands overtime (OT) benefits to full-time, salaried employees who make up to $47,476 a year has sparked lots of discussion in the nonprofit sector.Nonprofits React to New OT Regulations [More]

Compensation Benchmarking at Global Conglomerates

by Malak Kazan, CECP, CCP, CBP, GRP 30. May 2016 09:08
A global, diversified, conglomerate company is characterized as being a business entity with several combined operating units having distinctly different businesses that fall under one corporate group. Sometimes these organizations are structured as holding companies with many subsidiaries operating in multi-industry and multinational business contexts. From a compensation perspective, the total rewards philosophy and any equity compensation programs will be closely managed at the corporate level. Compensation benchmarking needs requiring access to many industry-specific data sets across international areas may often be decentralized at the subsidiary or business level. Alternatively, benchmarking may be consolidated in shared services centers of excellence with compensation experts responding to the needs of business units. [More]

Average Foundation CEO Pay Increases – Useful Data or Not?

by Linda M. Lampkin, Senior Nonprofit Compensation Specialist 25. May 2016 13:25
According to an article in the Chronicle of Philanthropy, the latest Council on Foundations survey found that salaries for staff members increased 8% from 2011 to 2015, just slightly more than inflation. However, a further breakout of that median increase revealed that salaries for program officers rose only 2%, while those for foundation CEOs rose 14% over those 4 years. The new study calculated the rates of increase using responses from 460 foundations that responded to prior surveys. [More]

New 2016 FLSA Rules Are Effective December 1, 2016

by Malak Kazan, CECP, CCP, CBP, GRP 19. May 2016 12:25
The final FLSA rule changes were published this week and go into effect December 1, 2016. ERI has been following these developments from the onset. The new rules modify the definitions of white collar workers, expanding coverage of FLSA's minimum wage and overtime standards, introduce automatic increases to the federal salary and annual compensation thresholds, as well as provide guidance on inclusion of variable cash payments in meeting the salary thresholds. The Department of Labor estimates the compensation for 4 million workers will be impacted by these changes. [More]

The Role of HR Leaders in Business Integration

by Malak Kazan, CECP, CCP, CBP, GRP 17. May 2016 14:29
HR leaders manage the human side of business transactions during the due diligence, deal close, and business integration stages. The strategic questions about how a new business target aligns with business objectives related to growth in new products or services, accessing new geographic markets, and/or recruiting mission- critical talent have already been answered during the research to identify the business target. During due diligence, the focus is on uncovering any red flags (if any) that may end the discussions for a host of different reasons. Once there is a definitive agreement signed to pursue the acquisition, the terms of the purchase are detailed with specific buyer and seller responsibilities. Then the heavy lifting begins with business integration to realize the intended business synergies. [More]