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Compensation

Some CEOs Say Rising Employee Wages are Already Impacting Profits

While politicians and analysts continue to debate the unemployment rate, many CEOs report that wages are already on the rise. And whether due to market demands and economic forces or to local lifts in the minimum wage, rising pay is starting to take a bigger bite out of profits.

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Is Now the Time for CEOs to Increase Employee Pay?

As American workers continue to voice growing discontent about income inequality and stagnant wages, some CEOs are voluntarily raising employee pay on principle. They say doing so not only improves morale and employee satisfaction but also serves as a long-term investment to better their workforce.

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How to Prepare Now for the Overtime Final Rule this Winter

A new Labor Department regulation known as the Overtime Final Rule will effectively double minimum salary requirements for hourly workers, starting December 1. Employers should start now to properly classify workers in advance of the new regulations to avoid unnecessary salary increases and ensure workers are doing their jobs effectively.

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How to Respond to and Mitigate the Risks of the New Overtime Rules

President Obama and Secretary of Labor Thomas Perez announced recently the Final Rule on regulations which will automatically extend overtime pay protections to more than 4 million workers by the end of 2017. While the rule could provide an income boost for many workers, it may also present some challenges and a higher cost of labor for many employers.

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