Experienced HR professional Steven Darien has led Cabot Advisory Group since 1996. Steven Darien also oversees human resources for the Somerset Medical Center, and is active with the Society of Human Resource Management (SHRM). The SHRM is the largest organization focused on topics affecting all aspects of the HR sector, including recruiting, onboarding, training, and compensation.
HR departments are tasked with complying with federal, state, and municipal regulations that cover employee compensation. Employee compensation is categorized into two types: hourly and salaried. There are different rules that govern each compensation type. For example, hourly employees are entitled to overtime pay at a higher rate if their workweek exceeds 40 hours. Further, hourly employees must earn at least the minimum wage.
Salaried employees, on the other hand, receive a set pay amount every week and do not qualify for overtime pay. However, a salaried position can be more stable. Additionally, salaried employees generally receive more employer-sponsored benefits, such as health insurance coverage and sick pay.