Guidance for employers about laws, policies, and procedures they should be aware of at year-end regarding employee performance and compensation.
December is a time when many employees are occupied with holiday parties, vacations, and New Year's plans. Amid the sometimes distracting festivities, employers must remain focused on important year-end decisions and actions regarding their employees. For example, employers often must:
Conduct annual performance reviews.
Make compensation decisions about:
salary increases;
bonus awards and calculations;
earned commission payments; and
commission plans and goals for 2017.
In some jurisdictions, carry over or properly compensate employees for unused:
Practical Law has published many resources to help employers manage items on their list at this busy time of year. Practical Law also has many resources to help employers with reclassification issues if and when the new overtime regulations become effective in 2017. These resources include: