FLSA and Job Analysis

by Malak Kazan, CECP, CCP, CBP, GRP 26. July 2016 13:51
In the U.S., the Department of Labor’s proposed amendment to the Fair Labor Standards Act (FLSA) will likely increase labor costs, particularly for service industry sectors. The proposed changes may require any employees earning less than $970 per week ($50,440 annually) to be paid overtime once the standard workweek hours are exceeded. At ERI, we are helping organizations navigate FLSA minimum wage laws and job analysis requirements by providing technology and compensation analytics to holistically evaluate the business impact on job classifications and labor costs. [More]

Any Action on the ACT Recommendations?

by Linda M. Lampkin, Senior Nonprofit Compensation Specialist 7. July 2016 13:39
This year’s report of the Exempt Organizations (EO) Subcommittee of the IRS Advisory Committee on Tax Exempt and Government Entities (ACT) focused on planning for the future, which it predicted will not be positive unless its recommended changes are implemented. [More]

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]