Companies Step Up Employee Pay Cuts
The deepening recession is prompting most companies to curb salary increases and performance bonuses to reduce workforce costs, according to a Towers Perrin survey of midsize and large U.S. employers. Equity grants to executives have also been slashed. Read More
Rise in Pay Discrimination Lawsuits on the Horizon
Employers subject to federal employment discrimination laws, even those with the most carefully structured plans and processes for compensating employees, face the prospect of an upturn in pay discrimination lawsuits as a result of new legislation signed by President Obama.Read More
Stimulus Legislation Widens Executive Pay Restrictions
The massive economic stimulus bill signed into law by President Obama contains a far-reaching set of new restrictions on executive pay at banks and other financial institutions. Are more restraints in other industries on the way?Read More
Unlocking Employee Potential in Turbulent Times
How can company leaders keep employees focused in these uncertain times — and continuing to give the discretionary effort that will help turn things around? A recently released book by two Towers Perrin consultants lays out the case for closing the engagement gap. Read More
