by Kevin | Dec 22, 2021 | Uncategorized
Organizations across all industries will have to raise wages for their lowest-paid workers sooner or later. Competition in the labor market and local, state, or federal mandates will make this pay adjustment necessary, and many employers are already working out...
by Kevin | Dec 8, 2021 | Compensation
A 2017 Bureau of Labor Statistics (BLS) report revealed that increased compensation helps improve employee productivity. This is true even for higher education faculty. Unfortunately, institutions of higher learning have little to no control over the availability of...
by Kevin | Nov 10, 2021 | Compensation
According to a 2021 report by Candid (based on tax filings for over 100,000 nonprofits in 2019), salaries for chief executive officers (CEOs) and executive directors (EDs) in the charitable sector increased steadily between 2015 and 2019. When it comes to nonprofits,...
by Kevin | Oct 20, 2021 | Higher Education
Over the years, higher education organizations have had to restructure their compensation schemes multiple times to comply with changes in the Fair Labor Standards Act (FLSA). The U.S. Department of Labor (DOL) enforces this law, which determines federal minimum wage...
by Kevin | Oct 6, 2021 | Faculty Compensation
In the U.S., the COVID-19 recession has hit institutions of higher education particularly hard. For instance, the pandemic has caused the average salaries for full-time faculty members to decrease for the first time since the 2008 Great Recession. Besides salary cuts,...
