General Electric will pay former CEO John Flannery a $4.25 million cash severance over the next year, according to a securities filing. READ MORE
You can make $86,000 a year at this entry-level job
Your first job out of college could pay more than $86,000 a year depending on the field you're in. That's according to career website Glassdoor, which collected median local pay data from across the U.S. to determine which jobs offer the highest starting salaries to new grads. READ MORE
An economic mystery: Despite the hot economy, wages are barely growing, adjusting for inflation
You may have heard that wages are finally starting to go up — and they are. The latest number from the Bureau of Labor Statistics shows growth of more than 3 percent, the highest in almost a decade. READ MORE
Two Trump states are on the verge of raising their minimum wages
Voters in Arkansas and Missouri will decide Tuesday whether to significantly raise the minimum wage in their state. The two states, both of which went heavily for President Trump in 2016, offer a test case of whether there is appetite in solidly red states for a minimum wage above $10. READ MORE
Why we fail at grading our workers
The current system is broken: not only does it take up too much time and effort, it also is hobbled by bias. The time is now to fix this legacy system of the 1980s. READ MORE
A tale of two minimum wages
CNN's Jon Sarlin takes a look into the widening gulf between the 39% of the U.S. that has a $7.25 minimum wage, and the 61% with a higher one. VIEW VIDEO
Wages are up again – do workers really want to elect Democratic tax-hikers?
Election Day is just around the corner. Republicans are now expected to hold the U.S. Senate. Most forecasters still expect Democrats to take over the House, but it might be close. Democrats need to net 24 seats; they are expected to gain between 20 and 40. READ MORE
2019 Cost of Living Adjustments for Retirement Plans
The Internal Revenue Service recently announced its cost-of-living adjustments applicable to dollar limitations for retirement plans and Social Security generally effective for Tax Year 2019 (see IRS Notice 2018-63). Most notably, the limitation on annual salary deferrals into a 401(k) plan will increase from $18,500 to $19,000. The dollar limits are as follows: READ MORE
Why Aren't Wages Keeping Up? It's Not The Economy, It's Management
In the decade since the 2008 recession we’ve had an enormous runup in the stock market, accelerating growth in GDP, and a steady increase in job growth. Yet despite these positive economic trends, wages are not keeping up. READ MORE
No Minimum Wage Increases Anywhere, Says Trump Advisor - Corporate Tax Cuts Are Enough
Former financial analyst and television commentator Larry Kudlow, now director of Donald Trump's National Economic Council, just made it clear. No federal minimum wage increases. Period. READ MORE
Workers are finally seeing higher wages, but it’s a fraction of record corporate profits
The big news Friday is that wages are growing above 3 percent for the first time since 2009. It’s a significant milestone after years of sluggish wage growth, and most economists say workers will probably see strong gains for the foreseeable future. READ MORE
Rite Aid shareholders reject executive compensation bonuses
Partial transitional compensation still awarded for partial termination of the employment contract
Recently, the Supreme Court expanded employees’ entitlement to transitional compensation, by also awarding partial compensation when the employer reduces the employee’s working hours. READ MORE
Wages for US workers rise 3.5% year over year: ADP
Wages for US workers increased 3.5% over the last year, raising the average wage level by 95 cents to $27.81 an hour, according to the ADP Workforce Vitality Report, released today. The growth was driven by strong wage gains for workers in the professional and business services industry, and in trade. READ MORE
This map shows where millennials are moving for job opportunities and rising wages
Millennials are flocking to cities where jobs are plentiful and wages are high.
After analyzing data related to where young people moved between 2011 and 2016, as well as how their wages, participation in the workforce and unemployment rates changed over that five-year span in different metro areas, Magnify Money put together a list of the top "millennial boomtowns" in the U.S. READ MORE
How should you discuss compensation at a job interview?
You’re called in for an interview at your dream job. Everything is going well. You've knocked every question out of the park until you’re asked: “What are your salary expectations for the role?” Oliver Cooke, executive director, head of North America at Selby Jennings says many interviewees struggle with giving a response. He shares the five things job applicants should to do when discussing compensation with potential employers: READ MORE
There's A 64 Percent Chance Your Employer's Stock Will Underperform The Market
If you work for a publicly traded company and make at least a six-figure salary, there's an excellent chance at least some of your compensation is tied to your employers stock. In particular, tech and finance workers tend to find themselves locked in golden handcuffs via stock options and/or restricted stock grants (RSUs). However, even when vested, employees usually aren't diversifying as much as they should be. The lack of understanding around the drivers of equity returns leads to poor decisions around stock grants. READ MORE
Looking Beneath the Surface of the Gender Pay Gap
Over and over we hear that women in the United States who work full-time are paid only 80 cents for every dollar paid to men. This statistic is repeated by many organizations and in many publications. (See “The 20% Gender Pay Gap Is Misleading Without Context.”) So, what are all of these examples missing? While some sources talk about occupations, there is no discussion of the actual work being done, no mention of the job. READ MORE
Found out your colleague makes more than you? Here's what to do about it
Sharing your salary used to be considered taboo.
Executive Brief
When you find out your colleague is making more with essentially the same job:
Start doing your research
Review your role and determine your value
Set up a meeting with your boss
Explain with concrete details why you deserve a raise
Now it's more acceptable to talk money to help workers better know their worth in order to negotiate salaries and raises. READ MORE
Amazon eliminates bonuses and stock awards for hourly workers
Amazon giveth and Amazon taketh away.
The company announced Tuesday that it will raise its minimum wage to $15 an hour for all US employees. But tucked away in the announcement was the fact that Amazon will phase out its bonus and stock award programs for its hourly workers. The change was first reported by Bloomberg Wednesday. READ MORE