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" ... A company process is one thing, but I also expect employees to use common sense and flexibility. My biggest struggle as a company leader is that I tell people ideas that sometimes put them — not the company — first. For example, our compensation model for services allows our implementation consultants to set their own rates based on ability and confidence. ... "
" ... Although in some cases, compensation, a gift or a voucher is appropriate and a welcome gesture, it should by no means be offered in place of the actual resolution of the problem. Not fixing the root cause will only lead to more complaints in the future. ... "
" ... Disclosure: David Trainer, Kyle Guske II, and Matt Shuler receive no compensation to write about any specific stock, style, or theme. ... "
" ... Social Security Base May Increase: If you earn compensation income of up to $142,800 under current law you would pay 12.4% Social Security tax on that income. But Biden proposals might leave a gap from that amount up to $400,000 on which no Social Security tax is paid. But once you reach $400,000 of income the 12.4% Social Security would again apply. So, under one Democrat proposal, if enacted, If you earned $1 million there would be another $74,000 of just Social Security taxes on those earnings (combined with the 39.6% income tax and state income tax). One approach to reduce this tax burden has been to organize as an S corporation and take some portion of earnings as salary subject to Social Security, and the remaining portion as S corporation dividends. But the IRS has been very successful in attacking many of these plans under a “reasonable compensation” approach. The taxpayer will have to take out a reasonable salary of what a similar executive might earn. Congress might close this planning technique down by saying if you are a personal service provider, e.g., a doctor, lawyer, architect, etc. you may not be able to do this. ... "
" ... “You think about it, the $908 billion stimulus bill probably would pay out $200-250 billion a month for the next three months. The level of compensation is running about $30 billion a month below what we would have expected it would. GDP is running about 70 billion a month below what we would have expected it would ... We have stimulus already, much more than filling out the hole. And given that lots of the hole is not from the fact that people don’t want to spend, but because they can’t spend—they can’t take a flight or go to a restaurant—I don’t necessarily think that the priority should be on promoting consumer spending beyond where we are now,” he said. ... "