Average US Pay Increase Projected to Hit 4.6% in 2023

Employers in the U.S. plan to boost salaries an average of 4.6 percent in 2023, up from 4.2 percent this year, according to a new study. Employers say inflationary pressures and the... Read more »

Average U.S. Pay Increase Projected to Hit 4.6 Percent in 2023

Employers in the U.S. plan to boost salaries an average of 4.6 percent in 2023, up from 4.2 percent this year, according to a new study. Employers say inflationary pressures and the... Read more »

SEC Adopts Compensation Clawback Rule with Requirements for Public Companies

The U.S. Securities and Exchange Commission (SEC) on Oct. 26 released a long-awaited final rule on incentive-compensation clawbacks, requiring publicly traded companies to have policies for recouping executive compensation if revised company... Read more »

Company Cultures Adjust to Disclosing Pay Ranges in Job Ads

As New York City joins localities requiring employers to publish pay ranges in job ads, more employers across the U.S. are as well, even in places that don’t require them to. Consultancy... Read more »

Employee Dissatisfaction Is Up, Driven by Insufficient Pay and Burnout

New research on employee sentiment shows significant declines in employee satisfaction and commitment to their employers since last year, most noticeably with regard to compensation, work/life balance, benefits and career goals. HR... Read more »

Retroactive Filing for Employee Retention Tax Credit Is Ongoing Through 2024

Many employers have already claimed millions of dollars in tax credits through the Employee Retention Tax Credit (ERTC). Those employers that have not yet claimed (or incorrectly claimed) any ERTC may still... Read more »

2023 Social Security Wage Cap Jumps to $160,200 for Payroll Taxes

Starting Jan. 1, 2023, the maximum earnings subject to the Social Security payroll tax will increase by nearly 9 percent to $160,200—up from the $147,000 maximum for 2022, the Social Security Administration (SSA)... Read more »

Persistent Core Inflation Keeps Pressure on Wages

Consumer inflation in the U.S. continues to accelerate at the fastest pace in decades, as workers’ pay raises trail rising costs. The Consumer Price Index (CPI) for all items rose 8.2 percent... Read more »

Tech Salaries Stayed Strong Through Mid-2022

The San Francisco Bay Area had the highest average salaries for tech workers in 2022, followed by Seattle and New York, with engineering management roles seeing the highest compensation. These findings were... Read more »

When Disasters Strike: Pay, Leave and Related Issues

Tragic events bring an all-too timely reminder of pay and benefits issues that HR managers should bear in mind. Although it is practically impossible to be fully prepared for any disaster, it... Read more »