News & Analysis as of

Bonuses Employee Retention

Constangy, Brooks, Smith & Prophete, LLP

Incentives to improve employee performance, attendance, commitment

Something to think about. In his recent book, Mixed Signals: How Incentives Really Work, economist and University of California-San Diego professor Uri Gneezy examines how incentives of various kinds can and do modify...more

Amundsen Davis LLC

How Employers Can Retain Top Talent

Amundsen Davis LLC on

Employers across all industries are concerned about employee retention in the continuing wake of the “Great Resignation” or the “Big Quit.” According to one of the largest global workforce surveys, 1 in 5 employees plan to...more

Tonkon Torp LLP

Oregon Equal Pay Bonus Exemptions Set to Expire Soon

Tonkon Torp LLP on

Oregon’s Equal Pay Act prohibits discrimination on the basis of a protected class in the payment of wages or other compensation for work of a comparable character. Compensation broadly includes wages, salary, bonuses,...more

Genova Burns LLC

Can Money Buy Happiness? New York Seeks to Retain Health Care Workers Through its New Bonus Initiative

Genova Burns LLC on

​​​​​​​Last month, New York Governor Kathy Hochul announced the launch of the Health Care and Mental Hygiene Worker Bonus (HWB) Program, an initiative to increase New York’s health care workforce by 20% over the next five...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

Oregon Equal Pay Act’s Temporary Exclusion of Hiring and Retention Bonuses Set to Expire on September 28, 2022

​​​​​​​On September 28, 2022, amendments to Oregon’s Equal Pay Act excluding hiring and retention bonuses from the definition of “compensation” are set to expire. Oregon’s Equal Pay Act prohibits employers from...more

Littler

New York State Announces Health Care and Mental Hygiene Worker Bonus Program Requiring Employers to Administer Bonuses

Littler on

On August 3, 2022, New York Governor Kathy Hochul announced the opening of the $1.2 billion dollar Health Care and Mental Hygiene Worker Bonus Program aimed at rewarding and retaining frontline healthcare and mental hygiene...more

Amundsen Davis LLC

[Live Stream Event] Hiring, Onboarding and Retention: Diversity, Compensation, Benefits and More - September 21st, 12:00 pm - 5:00...

Amundsen Davis LLC on

Join us on Wednesday, September 21 at noon for a live-stream of our Eighth Annual Labor & Employment Fall Seminar as we discuss hiring, onboarding and retention. Our attorneys will discuss everything from the initial...more

Nilan Johnson Lewis PA

Oregon Extends Vaccine Incentives, Hiring Bonuses

The Great Resignation, COVID-19, and pay equity continue to converge in Oregon, but the end is in sight—for better or worse. In 2021, Oregon amended its pay equity law to exclude vaccine incentives and hiring and...more

ArentFox Schiff

The Four Things that Employers Need to Know About Retaining Talent

ArentFox Schiff on

If yours is one of the many companies considering new employment incentives, enhanced benefits, and retention bonuses, you should also consider taking another look at your non-compete covenants at the same time. They might...more

Jackson Lewis P.C.

Key Legal Considerations for Hiring and Retention Incentives in Healthcare

Jackson Lewis P.C. on

Healthcare organizations across the United States are facing an unprecedented labor shortage. Many healthcare employers are moving quickly to implement creative solutions that will attract and retain a qualified workforce....more

Constangy, Brooks, Smith & Prophete, LLP

Can You Avoid The “Turnover Contagion” Plaguing Employers Today?

Most companies invest time, energy, and money in marketing strategies to attract and retain their clients or customers. Companies spend significant resources on market research that tells them how to do this best....more

Fisher Phillips

Snapshot on Manufacturing Industry: February 2022

Fisher Phillips on

Welcome to FP Snapshot on Manufacturing Industry, where we take a quick snapshot look at the most significant workplace law developments over the past month with an emphasis on how they impact manufacturers. OSHA Penalties...more

Proskauer - Employee Benefits & Executive...

[Podcast]: Employee Retention Issues

In this episode of The Proskauer Benefits Brief, Proskauer partner David Teigman, senior counsel Nick LaSpina, and special guest Michelle Garrett, a principal at the compensation consulting firm Semler Brossy, discuss...more

PilieroMazza PLLC

Revisiting Executive Compensation and Employee Incentive Plans

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COVID-19 has left many companies to balance competing responsibilities. While the primary focus is on taking care of employees and ensuring business continuity, new challenges are arising in appropriately managing executive...more

PilieroMazza PLLC

[Webinar] Revisiting Executive Compensation and Employee Incentive Plans - October 20th, 2:00 pm - 3:00 pm ET

PilieroMazza PLLC on

COVID-19 has left many companies to balance competing responsibilities. While the primary focus is on taking care of employees and ensuring business continuity, new challenges are arising in appropriately managing executive...more

BCLP

Coronavirus: the UK government’s Job Retention Bonus scheme – key points for employers

BCLP on

On 8 July 2020, we reported on the UK government’s Job Retention Bonus scheme.  The Job Retention Bonus Scheme (“JRBS“) is designed to incentivise employers to retain furloughed employees after the CJRS finishes at the end of...more

Whitman Legal Solutions, LLC

Unintended Consequences of Business Policies

Sometimes, contract provisions result in unintended consequences. In Cobras, Mortgages, and Violas: What are Your Contracts and Policies Incentivizing?, I discussed how a contract provision might incentivize (or...more

Nilan Johnson Lewis PA

Top 10 Nonprofit Association Legal Questions for 2019

Nilan Johnson Lewis PA on

Nonprofit association attorneys Heidi Christianson and Zach Crain have compiled a list of the top 10 questions their association clients have been asking about in 2019....more

Fisher Phillips

Should You Offer Bonuses To Your Gig Workers? That Is The Question.

Fisher Phillips on

Prior to the explosion of the gig economy, many workers sought fulltime, traditional employment options. Many of these individuals wanted a salary, benefits, and overall employment stability. Nowadays, however, many workers...more

Orrick, Herrington & Sutcliffe LLP

IRS Limits Correction Opportunities under Section 409A Proposed Income Inclusion Regulations and Imposes 20% Penalty

In Chief Counsel Advice 201518013 (May 1, 2015) (the "CCA"), the IRS addresses an executive retention bonus that originally vested after three years and was payable in equal installments on the first two anniversaries of the...more

McGuireWoods LLP

IRS Rules Retention Arrangement Violates 409A

McGuireWoods LLP on

In a Chief Counsel Memorandum issued last month, the IRS concluded that an executive retention arrangement violated Section 409A despite the employer’s efforts to correct the arrangement before the retention bonus vested....more

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