Fair Labor Standards Act (FLSA) FAQs

by Malak Kazan, CECP, CCP, CBP, GRP 18. August 2015 11:08
ERI developed the Occupational Assessor (OA) FLSA module over ten years ago to provide organizations with an efficient method for beginning the process of classifying employees as exempt or non-exempt from overtime regulations. For this reason, ERI closely watches all developments relating to the FLSA and to the overtime regulations at the federal level and for the nine select states that the cloud-based Occupational Assessor covers. Not surprisingly, we have received many questions related to the proposed rule and provide the FAQs below to assist subscribers with planning. ERI’s upcoming webinar, “Navigating FLSA Compliance,” scheduled for September 19, 2015, and December 8, 2015, will also address the proposed rule changes. [More]

New SEC Disclosure Rules on Pay for Performance

by Matt Skrinjar 28. May 2015 13:27
Last month, the SEC issued a proposal for new rules related to executive compensation and pay for performance. The proposed guidelines serve as amendments to section 953(a) of Dodd-Frank and will require companies to disclose the compensation paid to executives alongside the company’s total shareholder return. The information will be provided in the form of an additional table in a given company’s annual proxy statement. The pay component will include total compensation for the CEO, as well as an average of the remaining top executives for whom compensation disclosure requirements already exist. Total compensation is already part of the summary compensation table found in a typical annual proxy, but the new guidelines will require that “total” be displayed a bit differently. In particular, equity compensation will be measured as the value of those stock or option awards that have vested in a given period rather than the grant-date values found in the summary compensation table. Also, any increases to pension or retirement plan values will be excluded from total compensation if they do not apply to services in the given period. [More]

Executive Compensation for Charity Executives: What IRS Wants

by Linda M. Lampkin, Senior Nonprofit Compensation Specialist 11. March 2015 12:45
IRS regulations require that charities not give any benefit to an organization insider other than in the form of reasonable compensation. So, after an “organization insider” is defined, the discussion begins about what is “reasonable” and what is “compensation.” [More]

Information Technology Salary Survey Data Trends: 2013-2014

by Lyle Leritz, Ph.D. 20. January 2015 12:17
Following on the heels of our look at salary survey results for administrative jobs, we take a look at Information Technology (IT) positions to finish up comparisons for salary survey results of major benchmark jobs. [More]

Report on IRS Investigations of Charities

by Linda M. Lampkin, Senior Nonprofit Compensation Specialist 13. January 2015 13:45
Although the title of the GAO report released in December 2014 – TAX-EXEMPT ORGANIZATIONS: Better Compliance Indicators and Data, and More Collaboration with State Regulators Would Strengthen Oversight of Charitable Organizations – will not win any awards for elegance, its 66 pages do provide some interesting insights on the IRS review of charities using the Form 990 data. [More]

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