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When it comes to employees, it is clear that good employees build meaningful relationships with customers, increase profitability, and give business owners more time to think strategically about the business.
Equally clear is that many business owners are interested in improving employee retention, as the cost to acquire and train new employees is considerable – especially for employees that are key contributors. READ MORE
In the 1990s, Albert Meyer was an accounting professor at Spring Arbor University, a small Christian college in Michigan. He had a background in forensic accounting, and through due diligence on one of the University's donors, exposed one of the biggest Ponzi-style frauds of the decade. READ MORE
Democrats on Capitol Hill want to follow Seattle’s lead and tax large employers for the costs with which they allegedly burden taxpayers. The basic idea is if your jobs don’t pay workers enough to get them off all government benefits, then you are freeloading on the system and government should tax you to get the rest of your “fair share” of those workers’ living expenses.This all sounds compassionate and is designed to push corporations into paying workers more, but in reality such laws will have the unintended consequence of punishing and stigmatizing low wage workers. READ MORE
A recent working paper from the National Bureau of Economic Research by the economists Jeffrey Clemens, Lisa B. Kahn, and Jonathan Meer should make us pause and question the wisdom of higher minimum wages. The economists explore how minimum wages affect the probability of employer-provided health coverage and find that a chunk of the increased earnings for workers who get higher wages will be offset by a reduction in employer-provided health coverage. READ MORE
Federal regulators have quietly ended a review of large and midsize banks’ sales practices that found several systemic issues — and hundreds of problems at individual institutions — and have no plans to make the results public. READ MORE
In recent years, equity compensation programs have increasingly been using restricted stock units (RSUs). A manufacturing company recently made news when it granted RSUs worth millions of dollars to thousands of its employees in connection with its IPO. Statistics show the trend toward RSUs is widespread. In a recent survey of 325 companies, 72% reported using RSUs in their long-term incentive compensation programs compared to only 37% ten years earlier.[1] At the same time, the prevalence of restricted stock – a similar but less flexible form of equity – decreased significantly, falling to 13% of companies in 2017 from 41% ten years earlier.[2] READ MORE
Eighteen states began 2018 with higher minimum wages. Thirty states (including the District of Columbia) now have minimum wages higher than the federal minimum, ranging as high as $11.50 in Washington State and $12.50 in the District of Columbia. READ MORE
Costco is bumping up its minimum wage and giving raises to all of its hourly workers.
Costco says it will raise its minimum wage to at least $14 an hour for all 130,000 of its hourly workers. READ MORE
Employees of Google’s Alphabet Inc. are teaming with investors in a push to tie executive pay to progress on workplace diversity.
A staffer for the web-search giant will present a proposal at Wednesday’s annual shareholder meeting in Mountain View, California, according to Zevin Asset Management, which submitted the measure. They’re requesting Alphabet consider related metrics in incentive plans, with a focus on diversity and inclusion in the workforce. READ MORE
In addition to recent legislative changes in California, Delaware, Maryland, Massachusetts, New Jersey, New York, and Oregon, pay equity in the workplace continues to garner widespread attention and has employers asking what they can do to better prepare. Developing a strategy to proactively engage in a pay equity audit is often the first and most effective step to ensure pay equity and minimize potential legal risk. READ MORE
Nikesh Arora is placing a $20 million bet of his own capital on his performance at his new gig.
The incoming CEO of Palo Alto Networks, the world’s biggest pure-play cybersecurity company by market capitalization, tells Fortune that he is purchasing millions of dollars in Palo Alto Networks shares in order to show his commitment to the new job, which he is set to start on June 6th. “It’s sort of like put your money where your mouth is,” he says. READ MORE
New survey findings confirm what many U.S. workers have already learned: As annual salary raises have held steady at around 3 percent, annual bonuses tied to performance have become a bigger part of compensation. READ MORE
Ever-increasing executive compensation over the past four decades - aided by consultants, compensation committees, the CEOs themselves and the backdrop of an extended bull market (1982-1999) - has meant widespread acceptance of the link between CEO pay and performance. READ MORE
Paychecks pay mortgages, buy food and make vacations possible.But what about the other parts of their compensation? For employees, these benefits are often overlooked and forgotten, and it’s up to employers to step in and remind employees of the full value of their compensation packages. READ MORE
Serafeim says, “much of the discussion to date misses the point. The design of the compensation plan and its announcement were… about signaling a credible commitment to Tesla’s purpose: to become a clean energy giant that helps address climate change by transforming mobility. To get there, Musk needs not only the normal sort of investor confidence, but also for investors to buy into his radical vision for the company.” READ MORE
Employee compensation and hiring numbers are on the rise among small businesses, according to the National Federation of Independent Business’s (NFIB) monthly jobs report. READ MORE
If you’re waiting to receive a job offer and salary package—or perhaps having already gotten it and are puzzling over what you’ve been offered—if can be helpful to understand the drivers behind what goes into a compensation package. To be sure, it’s not rocket science, but putting some parameters around how companies evaluate candidates and structure their compensation strategies can play an important role in helping you assess whether you’re being paid what you’re worth. READ MORE
Chief executives at the biggest public companies got an 8.5 percent raise last year, bringing the median pay package for CEOs to $11.7 million. Across the S&P 500, compensation for CEOs is often hundreds of times higher than typical workers.
The pay increase matches the bump that CEOs received in 2016, according to salary, stock and other compensation data analyzed by Equilar for The Associated Press. READ MORE
As economic uncertainty roils the country, the income gap between top executives and everyday employees continues to grow ever wider.
This year, thanks to a rule in the 2010 Dodd-Frank banking regulation law, publicly traded corporations in the United States had to begin comparing the pay of their chief executives to the median compensation of other employees at the company. The results, collected in the Equilar 200 Highest-Paid C.E.O. Rankings, were predictably striking. READ MORE