The Trump administration is planning a contract to reevaluate the entire federal employee compensation system, hoping it will demonstrate to Congress the need to take a new approach. READ MORE
This Is the Living Wage You Need in All 50 States
Making a livable wage can be a lifelong struggle. The mounting costs of housing and basic necessities can quickly add up, leaving you scraping to make ends meet rather than saving and building wealth. And depending on where you call home, that situation can be considerably worse. READ MORE
Wells Fargo CEO Tim Sloan’s Million-Dollar Raise
We recently learned that Wells Fargo (NYSE: WFC) CEO Tim Sloan received $1 million more in total compensation during 2018 than in 2017, despite the lingering effects of the bank's numerous scandals. READ MORE
Ford CEO Jim Hackett pay raise means he earns 276 times more than median employee
Ford CEO Jim Hackett received total compensation of $17.8 million in 2018, up from $16.7 million in 2017, according to finance documents released by the company. READ MORE
Performance-based pay linked to employee mental-health problems, study shows
Roughly seven of 10 companies in the United States, if not around the globe, use some form of pay-for-performance compensation system: bonuses, commissions, piece rates, profit sharing, individual and team goal achievements, and so on. But does such an incentivized workplace create a negative effect on the mental-health wellness of those workers? READ MORE
General Electric’s CEO now makes 345 times the company’s median worker
Total pay for the CEO of General Electric Co. more than doubled from the previous year — and it's 345 times higher than the median employee pay rate at the company, one of the highest CEO pay ratios of any public company in Massachusetts. READ MORE
Chart of the Day: CEO Pay Is Still Growing
Big-company CEOs have seen a median pay raise of about 40 percent since 2010. Ordinary workers have seen a pay raise of 20 percent. Adjusted for inflation, that’s 25 percent for CEOs and 5 percent for ordinary workers. READ MORE
Looking for a high-paying job? Here are the top 25 in the US.
Americans entering the workforce can have a number of different reasons for pursuing one career over another. Some look for an occupation that allows them to utilize their natural gifts, while others follow their passions and do work they find meaningful. Yet for many, the main impetus for deciding on a particular career is often simply compensation. READ MORE
White House Pushes Performance-Based Pay Without Any Money to Implement It
President Trump again argued for an end to across-the-board pay increases for federal workers in his fiscal 2020 budget proposal, advocating that the government move to a performance based pay model. But there’s just one problem: There’s no extra money to implement such a change. READ MORE
Do Minimum Wage Increases Raise Crime Rates?
They do for younger workers and property crimes, finds a new paper by Zachary S. Fone, Joseph J. Sabia and Resul Cesur. READ MORE
One fair wage, not only for waitstaff: Tech companies, too, are now using the lower tipped wage to get away with paying workers less
Hidden in the recent controversy over Amazon’s decision to leave New York in the face of community opposition — and Gov. Cuomo’s recent efforts to resurrect the deal — lies a little-known opportunity for New York State to take a progressive, leading stance on an issue facing millions of tech and other workers across America. READ MORE
People Who Want Smaller Government Need To Look At Higher Minimum Wages
Alan Krueger, a labor economist at Princeton who served in the Clinton and Obama administrations, died over the weekend. He first made a name for himself in his work that showed increasing minimum wage doesn't necessarily reduce low-wage employment. READ MORE
Ford paid its CEO a $17.7 million salary despite profits slumping by half in 2018
Ford's CEO Jim Hackett boosted his salary by over a million dollars last year despite the automaker's poor results. READ MORE
Tax Considerations for Restricted Stock Compensation
Restricted stock and restricted stock units (RSUs) are simple in concept. You receive a grant of your company’s shares, subject to a vesting schedule. After the grant vests, you own the stock just like any other shareholder. But it’s important to understand the tax implications before you receive, and potentially sell, these shares. READ MORE
The 10 highest-rated workplaces for compensation and benefits
You may have heard that perks are what win top talent these days, but the vast majority of employed job seekers — 76 percent — say that pay is still a major deciding factor in whether or not they’ll accept a position. READ MORE
Pay yourself first? Last is how small biz often works
Everyone knows the Golden Rule of business is to pay yourself first. But more than half of small business owners are going months without pay - if they are taking any at all. READ MORE
Wage Growth Slows for American Workers
With the holidays over, the demand for labor has fallen as companies shed seasonal workers or make them permanent employees. That has at least somewhat lessened what was an intense competition for employees, which may have contributed to a slowdown in wage growth. READ MORE
I’ll See Your Minimum Wage and Raise You
Late last week, the U.S. Department of Labor (“DOL”) issued its proposed overtime rule, proposing changes to the federal minimum salary requirements needed to fall within the exemptions to the Fair Labor Standards Act’s (the “FLSA”) minimum wage and overtime pay regulations. READ MORE
Wages Are Up for Low-Income Workers, No Thanks to Donald Trump
Are wages going up more for low-income workers than for the middle class? It’s a little hard to see in the data unless you zoom way in. For example, here are hourly wages for all workers vs. blue-collar workers, who make up roughly the bottom 70 percent: READ MORE
Wage boards can mitigate market failures on inequality
During the past 40 years, the United States has seen a tremendous rise in income inequality. While globalization and technological change likely played a role, labor market institutions have been important contributors to these trends — especially the decline of unions. READ MORE