Rod Dion found his business particularly hard hit during the Great Recession. His Albany, New York-based company sells office furniture and provides interior design services — not exactly in high demand while the economy was taking a nosedive. READ MORE
Why Amazon's minimum wage hike was 'inevitable', and others may soon follow in its footsteps
Amazon employees who package your order will soon be getting paid more. But will you be paying more because of it?
On November 1st, Amazon is expected to hike its minimum hourly employee wage to $15. The move will impact 250,000 current employees, plus 100,000 seasonal workers. That rate exceeds the federal rate, which has remained at $7.25 an hour for nearly a decade. READ MORE
CEO compensation and worker pay: 50 companies that owe their employees a raise
The average CEO base salary at a S&P 500 company is over $10 million. With stock options and other benefits, that income nearly doubles. By contrast, an ordinary worker employed full-time in America earns approximately $45,550 annually. READ MORE
'The Crown' star Claire Foy admits she was ‘deeply hurt’ by the series' wage gap
Claire Foy isn’t hiding her feelings about Matt Smith earning more than she did on “The Crown.”
“I was deeply hurt by it,” she told PorterEdit, “because I’d been working on that show for two years. I loved everybody on it. And then I realized, there’s been a big, fat, dirty secret that nobody’s ever talked about.” READ MORE
Almost 50 percent of CEO pay now in stock awards
Stock awards have become a key compensation vehicle used by boards in their efforts to better align pay and performance for the long term, almost entirely replacing stock options. It is one of the main findings from a new report, CEO and Executive Compensation Practices: 2018 Edition, a collaboration by The Conference Board, Gallagher, and MyLogIQ. READ MORE
Why mini performance assessments work better
Performance reviews are valuable for both the employee and the employer. It's a chance for managers to appreciate exceptional work and offer guidance on what could have been done better, and to have an open discussion about the future of the company and the potential for employee growth. READ MORE
The unforeseen problem with $15 an hour
A $15 per hour minimum wage has become a national U.S. rallying cry from workers seeking middle-class security. But while double the current minimum, $15 has its own limitations — and risks uncontemplated social consequences. READ MORE
Certified Tire: Not Your Average Compensation System
In several coordinated wage and hour class actions, technicians working for Certified Tire and Services Centers, Inc. sued for unpaid minimum wages and rest periods. The technicians claimed that Certified Tire’s Technician Compensation Program (“TCP”) was an unlawful “activity-based compensation system” because it failed to pay separately for time spent on repair tasks and for rest periods. The technicians claimed that, under the TCP, Certified Tire improperly sought to “average” the hourly rate to comply with minimum wage requirements. READ MORE
Stock Awards to CEOs Have Grown Considerably
Stock awards have become a key compensation vehicle used by boards in their efforts to better align pay and performance for the long term, almost entirely replacing stock options. It is one of the main findings from a new report, CEO and Executive Compensation Practices: 2018 Edition, a collaboration by The Conference Board, Gallagher, and MyLogIQ. READ MORE
Netflix lets top employees look up each other's salaries
Netflix’s policy of disclosing the salaries of its executives has left some high-level employees obsessively checking to see if their colleagues have gotten a raise, according to a report this week. READ MORE
Walgreens is raising wages and it's all because of Trump's tax cuts
The pharmacy-chain owner Walgreens Boots Alliance announced Thursday that it will make investments of about $150 million to boost mainly its in-store wages in fiscal 2019 in wake of President Donald Trump's tax reforms. READ MORE
Amazon’s pay increase cut bonuses and stock options. So it’s raising wages again.
Last week, Amazon announced it would start paying all its warehouse workers a minimum of $15 an hour. Now, after receiving backlash that an increase in warehouse wages to $15 an hour would actually hurt some of its workers, Amazon said it will adjust some payment plans so that workers will not lose money. READ MORE
Use Inducement Grants To Protect An Equity Plan's Share Reserve
Most publicly-traded issuers are interested in ideas that could help increase the life expectancy of the share reserve under its stockholder-approved equity incentive plan. The purpose of this “Tip of the Week” is to discuss the use of “inducement grants” as one of the many ideas to consider. READ MORE
In Silicon Valley, the rich get richer while wages stagnate for the rest
Silicon Valley is considered an economic powerhouse, lauded as a model of economic growth the world over. Yet the wealth disparity between low, mid and high-level tech workers is far greater than it was two decades ago; worse, the economic impact of the tech industry in the Bay Area has been making the rich richer and the poor poorer, according to a new study published on Monday. READ MORE
Small Business Optimism Is Still Soaring, Compensation Increases Set New Record
The NFIB Small Business Optimism Index marked its third-highest level ever in September. At 107.9, the index is just slightly below the 108 level hit in 1983 and the 108.8 level reached in August. READ MORE
Administration to Review Government ‘Competitiveness’ on Compensation
The offices of Personnel Management and Management and Budget will spend the next year studying the “competitiveness” of federal compensation with that of agencies' private sector counterparts, according to a quarterly update to President Trump’s management agenda. READ MORE
Drew Brees is NFL's 3rd-highest paid player ever
New Orleans Saints quarterback Drew Brees’ record-breaking success on the field has translated to one of the most lucrative careers in NFL history. READ MORE
Why Some Amazon Workers Are Fuming About Their Raise
Last week, Dave Clark, Amazon’s senior vice president in charge of operations, stood on a ladder in a warehouse near Los Angeles and announced to employees that Amazon was raising pay for its vast blue-collar work force. READ MORE
9 Things to Never Say in a Salary Negotiation
You’re 96 percent sure that you are ready to schedule a meeting with your boss to ask for a raise. Or perhaps you’re nearing the end of the job interview process and an offer is in sight. However, if you’re like me, you have definitely put your foot in your mouth a time or two saying the wrong thing at the absolute worst moment. Doh! READ MORE
Minimum wage hikes don't help poor people
That a higher minimum wage can actually lower incomes is one of those things intensely debated. Absolutely every economist will agree that this can be true at some level of that minimum wage. If you make the minimum wage $100 an hour, you're going to see an awful lot of people earning absolutely nothing through having no job at all. There are perhaps a few (Nick Hanauer comes to mind) who think that this is nonsense. READ MORE