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Every session of the California Legislature seems to produce at least one bill that generates high-octane political debate and media attention.
As the 2023-24 session winds down this week, Senate Bill 1047, which would impose rules on artificial intelligence developers, is generating fierce lobbying and drawing global interest. READ MORE
Has your heart ever skipped a beat while reading a job description that’s checked off every one of your boxes, only to falter when you see the listed salary range is less than what you’re making?
Recent salary transparency laws are a step forward in narrowing pay inequality, but they haven’t come without a few growing pains—like vast salary bands that defeat the purpose of a range in the first place or lower ranges that scare off potential applicants from an otherwise great role. READ MORE
In the ever-evolving economic landscape, especially in high-cost cities and states, business leaders must stay flexible and responsive to the needs of their workforce. As the chief operating officer of Child Action, Incorporated (CAI), I have seen firsthand the struggles many employees face in covering basic expenses like housing, food, child care and transportation. I’ve watched dedicated team members juggle multiple jobs to support their families and experienced the loss of talented employees who resigned for positions with better pay or more robust benefits. READ MORE
The 2024 election cycle has spurred another cultural uproar about tipping in the restaurant industry, and workers from the front and back-of-house want to make sure their takes on the debate are heard.
"It would be huge. But also, it goes both ways," New York tri-state area executive chef Matt Alexander, commonly known as "Chef Nasty," told Fox News Digital. "I do believe that we should just eliminate tipping entirely. I think that you would gain a superior experience if you were just to pay people a higher wage." READ MORE
When Elon Musk took over Twitter in 2022, he told the company's staff they would need to work at an "extremely hardcore" rate to build Twitter 2.0.
Now, he's reportedly making them explain why they should be given their stock options. READ MORE
A U.S. appeals court on Friday struck down a rule adopted by President Joe Biden's administration designed to raise pay for tipped workers, citing a recent U.S. Supreme Court ruling that curtailed federal agencies' ability to issue regulations.
A three-judge panel of the New Orleans-based 5th U.S. Circuit Court of Appeals sided unanimously with two restaurant industry trade groups in finding that the U.S. Department of Labor's 2021 rule was contrary to federal labor law. READ MORE
By the end of the fiscal year, 18% of your sales team will show themselves the door. They have their reasons. However, one of the most common explanations for their departure is the company’s compensation plan.
“Many leaders do a great job. But far too often, the best people quit,” said AJ Bruno at QuotaPath. “While it’s partially due to a sink-or-swim landscape, many sales managers are actively driving away their best reps with unfair rules, nontransparent policies, ever-changing comp plans and mindless busywork.” READ MORE
Earlier this year, I wrote a piece for Forbes.com about a Resume Genius report identifying the 10 highest-paying jobs for introverts in 2024. Now, there’s a new analysis that matches your personality type to 16 of the highest-paying jobs available this year, some offering six-figure salaries that could guide you to a higher-paying career. To help job seekers discover these opportunities, Resume Genius released its Myers-Briggs Highest-Paying Jobs Report, matching the best-paying careers for each of the 16 Myers-Briggs personality types in 2024. READ MORE
A six-figure MBA salary is one of the main reasons people see pursuing a Master of Business Administration degree as a golden ticket. When deciding to pursue an MBA vs. a master’s degree, salary was definitely one of the things I considered.
So, what exactly can you expect to make after earning your MBA? READ MORE
As Bitwage celebrated its 10-year anniversary today, the company highlighted its growth in enabling Bitcoin and crypto payroll solutions. Since 2014, Bitwage has focused on bringing transparency and efficiency to global workforce payments.
Bitcoin and crypto payroll platform Bitwage announced it now serves over 4,500 registered companies and 90,000 registered users that leverage its services to pay employee salaries in Bitcoin and stablecoins. READ MORE
If you could turn back time.
In the summer of 2022, the unemployment rate was 3.5% and workers were in the driver's seat, demanding higher salaries, greater growth and promotion prospects, and more desirable benefits. READ MORE
Executive compensation design has truly evolved over the past three decades. In the mid-1990s, the typical executive pay package was base salary, annual incentives and a grant of plain-vanilla stock options. The attraction of options was due to the technology industry’s influence (plus the strength of the “dot.com” stock market) and the lack of accounting expenses on option grants. READ MORE
The first six months of 2024 ushered in a notable decline in salary increases in many countries around the world, while remaining higher than averages over the past 20 years and generally above inflation. Amidst market volatility and changes, effective leaders understand and plan for the relationship among salary increases, labor shortages, inflation, and recession concerns. READ MORE
"I don’t think loyalty pays off," said Vera Lau, a 27-year-old who has worked at three different firms over the years on the concept of corporate loyalty.
Talking to CNBC Make It, Lau, who is part of the generation that has been challenging corporate norms, GenZ, said that loyalty is “very transactional.”
"You’re only valuable for as long as they see you as valuable. If you don’t learn and you don’t earn, it’s time to go," she said. READ MORE
When people think of remote jobs, rarely do they think they’ll be making a substantial salary. However, there are several industries that offer fully remote, in-demand jobs that have salaries of more than $100,000.
If you’re looking to land a six-figure job or are asking yourself what jobs are in demand, look no further. FlexJobs analyzed its job database from February 1, 2024, through July 30, 2024, to find the most in-demand, fully remote jobs that offer high salaries. The list below features jobs that offer $100,000-plus annual salaries, according to Payscale. READ MORE
Well-structured executive compensation packages can attract talented leaders to C-suite and top-tier management positions. Companies must consider the impact those offers might have on their employees and businesses.
Providing a clear rationale for high-level salaries and benefits supports employee productivity and morale throughout an organization. Getting it wrong can have a detrimental impact on company culture and can also lead to fines, sanctions, tax penalties, lawsuits or reputational damage. READ MORE
Jack Daniel’s whiskey maker Brown-Forman Corp. became the latest company to scrap corporate diversity, equity and inclusion programs as pressure increasingly grows from conservatives.
The company sent a letter to employees on Wednesday informing them that Brown-Forman was going to stop linking executive compensation to progress on DEI. The company said it will also end its participation in an annual ranking of companies with an LGBTQ-friendly work environment. READ MORE
Nearly half of hospitals in the U.S. are nonprofits, which means they don’t pay local, state or federal taxes. In return, the hospitals provide medical care, a social benefit, to their communities.
They’re also expected to provide some charity care to patients who cannot pay, and deliver services that promote community health, such as vaccine clinics or cancer screenings. READ MORE
As stewards of shareholder interests and overseers of corporate governance, directors play a pivotal role in guiding companies towards sustainable growth and success. Ensuring that directors are fairly compensated for their time, expertise and responsibilities is essential for attracting top talent and aligning interests with those of shareholders. However, striking the right balance between providing competitive compensation and maintaining accountability is crucial in fostering effective corporate governance. In this article, we'll explore the complexities of director compensation in public companies and the principles that underpin its design. READ MORE
U.S. workers are growing more sour with their employment compensation, according to a survey released on Monday by the New York Federal Reserve.
In its Survey of Consumer Expectations Labor Market Survey for July, the regional Fed bank said that as of last month, "satisfaction with wage compensation as well as with non-wage benefits and promotion opportunities at respondents' current jobs all deteriorated." READ MORE