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Near-historic price increases for basics like food and gas have drawn scrutiny to a question at the heart of the economy: How much money must a worker make to stay afloat?
The price of eggs has risen nearly 50% over the last year; while the cost of milk and bread have each jumped about 15%. Even after falling from a summer peak, gas prices remain 10% higher than a year ago. READ MORE
Out of all the benefits listed -- from fertility services to childcare reimbursement -- flexible work hours was at the top of the list of a new poll
New moms would rather have more flexible hours and remote-work options than a salary bump, according to a new survey. READ MORE
Most workers say rising cost of living makes them unhappy with their pay, causes them to seek other opportunities READ MORE
California and New York now require companies to include salary ranges in new job postings. That transparency could have a significant impact on tech professionals’ job hunt and salary negotiation. But what are the average ranges for popular tech positions?
For a deep dive, we can turn to comprehensive.io, a new site that’s tracking salary ranges for tech jobs in California and New York. With new data added regularly, these ranges will likely shift in coming weeks; but for now, this is how much the following jobs pay on average in both states: READ MORE
With recent implementations of salary transparency requirements for businesses by state and city governments coming to fruition this year, finance executives must be aware of the new regulations. These new rules may revolutionize both compensation determination and the entire business hiring process. READ MORE
The U.S. Securities and Exchange Commission (SEC) has adopted Rule 10D-11 and other rule amendments (Final Rules) as required by Section 10D of the Securities Exchange Act of 1934 (Exchange Act).2 The Final Rules require national securities exchanges to adopt listing standards under which issuers must implement (and enforce) policies that require the clawback of incentive-based compensation received by any current or former executive officer during the three completed fiscal years immediately preceding the date of a required restatement of an issuer's filed financial statements due to the issuer's material noncompliance with any financial reporting requirement under the securities laws. The Final Rules also affect related disclosure items, including the disclosure of executive compensation under Item 402 of Regulation S-K. READ MORE
When firms are in trouble, it’s not unusual for CEOs to cut their own salaries. As the pandemic wreaked havoc on the economy, many executives opted to receive smaller wages. Whether this helps the company in the long run, or heralds more trouble, is not entirely clear. READ MORE
In the two years since Colorado became the first state to require compensation information in job postings, a growing number of pay transparency laws have been enacted in states and cities across the country.
On Jan. 1, similar laws took effect in three states—California, Rhode Island, and Washington—bringing the number of states that currently require compensation disclosures in the hiring process to seven. New York is set to join that group later this year. READ MORE
On January 5, 2023, the Federal Trade Commission (FTC) announced its proposed rule to eliminate non-compete agreements on the basis that they unduly suppress employee wages and stifle innovation and business dynamism. Whether this is a good idea or not depends upon whether you use non-competes to protect your business or whether the existence of non-competes stands in the way of you hiring quality employees. For most businesses, the proposed regulation will be a mixed bag as they want to protect their existing workforce and confidential information while at the same time have the freedom to hire desperately needed talent who are locked up by non-compete agreements. READ MORE
Are you struggling to keep the best and brightest in your workforce? You’re not alone. In today’s competitive job market, talent comes at a premium, and organizations must be willing to invest in their employees if they want to attract and retain top-tier talent. READ MORE
The current period of high inflation that has significantly impacted the US economy will also influence a New Year’s tradition: The annual state minimum wage increases.
By January 1, hourly minimum wages in 23 states will rise as part of previously scheduled efforts to reach $15 an hour or to account for cost-of-living changes. The increases account for more than $5 billion in pay boosts for an estimated 8.4 million workers, the Economic Policy Institute estimates. READ MORE
Mass layoffs have hit tech, and they've stoked fears of a broader recession.
However, some jobs look better-positioned to make it through a possible downtown, and a new report from Payscale reveals just which ones. READ MORE
TikTok is hiring aggressively in the US where competition from big-tech rivals is heating up.
The app's user base exploded in 2021, passing one billion monthly active users globally, according to the company. And the growth led competitors like Instagram, YouTube, and Snapchat to roll out copycat features. READ MORE
The salary transparency movement is well underway: In 2021, Colorado paved the way for new laws requiring businesses to list salary ranges on job ads, and New York City rolled out its own pay range law in November 2022. A handful of other states and cities say employers must share the salary range for a job during the hiring process. READ MORE
When George Melvin clinched a job as lead software engineer at Unlearn.ai this past summer, the company made him two offers.
In the first, the base salary made up 70% of total compensation, with the rest in equity, he says. The other was 58% salary, 42% equity. Confused, he asked the San Francisco startup’s human resources department if the twin offers were a negotiating tactic. READ MORE
Soaring inflation was the common factor behind many of the biggest headlines in the world of compensation and benefits in 2022, but other developments were on employers' minds as well, including abortion benefits in the wake of a landmark U.S. Supreme Court reversal; transparency around job salaries and wages; and employee mental health in a time of extreme global insecurity.
Here's a look at some of the year's biggest topics in compensation and benefits. READ MORE
With the holidays in full swing and less than one week remaining in 2022, we wanted to pass along a few compensation income tax related stocking stuffer reminders in connection with the year-end for which companies and/or individuals may want to consult about with their advisors (and in particular to see if they should take any actions before 2023). For simplicity, this blog assumes that the calendar year is the income tax year for both service providers and service recipients. READ MORE
More than three quarters (78 percent) of large companies now include stakeholder-based metrics in their executive compensation plans, according to a global survey from Farient Advisors.
That figure is an increase from 73 percent in 2021 and 64 percent in 2020. Marked regional differences persist, however. Almost nine in 10 companies surveyed in continental Europe this year (88 percent) used stakeholder incentive measures, compared with 63 percent of those in the US and 62 percent of those in Canada. READ MORE
Carl Douglas McMillon was born in 1966 in Memphis, Tennessee. When he was 16, his family moved to 'the birthplace of Walmart' — Bentonville, Arkansas. During the summer, McMillon worked at the Walmart distribution center unloading trucks. READ MORE
CFOs are spurring resignations by letting inflation far outpace wage gains. They can take steps to improve employee retention even as prices increase at the fastest rate in four decades. READ MORE