Category Archives: Salaries

Weigh-In on Overtime Rule

The U.S. Department of Labor’s Wage and Hour Division has announced that in the upcoming weeks, it will hold public listening sessions to gather views on the Part 541 white collar exemption regulations, often referred to as the “Overtime Rule.”

Issued under the Fair Labor Standards Act, these regulations implement exemptions from the overtime pay requirements for executive, administrative, professional, and certain other employees. The Department plans to update the Overtime Rule and is interested in hearing Read the rest

3 Rules on Downsizing for Retirement

Many of us look forward to the day when we can “hang up our hats and call it quits.”  We look forward to a time when we no longer have to punch the proverbial clock; when we can get up whenever we feel like it—if we feel like it. But how many of us will be in a financial position to retire when the time comes? Lots of people talk about retiring. But most don’t have a clue if they Read the rest

7 Easy Ways to Encourage Employees to Save More for Retirement

Early in our careers many of us are so busy trying to pay bills and make it to the next pay check that we contribute very little (if anything at all) to our retirement plans.  But time flies. We look up and realize that we are close to retirement with very little saved. We may ask ourselves how we could possibly save more so that we are ready to retire when the time comes. The author of this article offers … Read the rest

What Employees Want More Than a Raise

The salary you are paid can determine your quality of life now and in the future.  Salary can be the most significant aspect of any job. After salary, benefits offered by an employer is usually the next major factor of consideration in determining whether a candidate accepts a job offer or not. In fact, Glassdoor statistics state that 57% of job candidates say that benefits and perks are among their top considerations before accepting a job. Benefits can also be Read the rest

We Want a Raise!

Have you received a raise lately—one that covered more than your increase in health care costs? It seems that wages have remained relatively flat for many workers. According to a recent report from job site Glassdoor, the annual median base pay in the United States grew just 0.9 percent year over year (YOY) in January 2018. According to HRDive, an Indeed survey revealed that only 19% of U.S. workers are satisfied with their current salaries. In fact, an Read the rest

Minimum Wage Increased in 18 States

While New Year’s Day was a day of celebration for many, it was also the day that many new employment laws became effective. As a result, employers must pay close attention to municipal and state regulations, as well as federal changes to ensure compliance, especially when it comes to the multitude of minimum wage increases. Unfortunately, the U.S. minimum wage has remained stagnant for nearly a decade. The last time the federal minimum wage increased was in July 2009 (from Read the rest

Pay Perception May Be More Important to Workers Than Actual Compensation

A new study from PayScale showed that how employees feel about their organization’s approach to pay fairness and transparency had a higher impact on their job satisfaction than the amount they were paid. PayScale surveyed 501,796 workers on which aspects of their job contribute to their satisfaction and retention, and ultimately to their engagement. The research also found that, of the respondents who felt they were underpaid, 90% actually were paid at or above the market rate, and 75% of Read the rest

Is It Ever Okay to Borrow from Your Retirement Account?

With the holidays fast approaching, many people may be thinking about ways to get some extra money.  Perhaps you want to do some small projects around the house before guests arrive. Or maybe you want extra money for events that have nothing to do with the holidays. You might want to help a child prepare for an upcoming wedding, or help one prepare to start college. Whatever your reason for needing extra cash, you might be contemplating taking out a Read the rest

Retirement Planning is Hard, but it Can Be Even Harder for Women

If you’re a woman in your 50s or 60s, you could easily live for two to three more decades — possibly one-third of your total lifespan.  How would you plan for retirement assuming you — or your spouse or partner — might live to age 80 or 90 (if not longer)?  The basic problem for most women is that they’ll most likely live longer than men, yet they often have fewer retirement resources. According to this article, women face Read the rest

Important Steps to Take in the Years Before You Retire

After a certain age, the idea of retirement begins to take on new meaning and greater significance. The decisions you make during the last ten years of your career are critical to your ability to enjoy retirement. This article lists some important things to consider along with steps to take (other than saving as much as possible) to help make your transition from full-time work to retirement a successful one.… Read the rest