Remove Compensation System Remove Government Remove Incentive Compensation
article thumbnail

“Clawback Comeback”: DOJ’s New Focus on Clawbacks to Prevent Corporate Crime

Proskauer's Employee Benefits & Executive Compensa

With this focus on executive compensation clawbacks, the DOJ is stepping into an area first highlighted by the Dodd-Frank Act of 2010, which directed the Securities and Exchange Commission to promulgate rules requiring publicly-listed companies to have compensation clawback policies.

article thumbnail

A Guide to Understanding Retirement Rewards and Benefits with Fortune 500 References

Empuls

  Recognizing the fact that the majority of the employees are opting for a safety net backed by financial security, the government introduced The Secure Act 2.0. Because: - The Employee Retirement Income Security Act (ERISA) governs retirement plans, including defined benefits and defined contribution plans.  million.

401(k) 40
article thumbnail

Employee bonus programs that drive sales performance

Empuls

Solution In a strategic move to revamp their compensation system, Sage Software partnered with PayScale (formerly CURO) in 2020. Key features of the new system included: Configurable Incentive Compensation Calculator: This tool enabled precise calculations for prorations, absence management, and bonus distributions.

Bonuses 40