A federal minimum wage increase wouldn’t necessarily be a widespread cash infusion for teens working starter jobs, new research says. READ MORE
Companies need to have transparency in employee compensation
A reader shared with me that her employer’s policy prohibits discussion of compensation with other co-workers and doing so can result in discipline or termination. READ MORE
The ‘motherhood penalty’ is real, and it costs women $16,000 a year in lost wages
The so-called “motherhood penalty” is alive and well in America.
Despite making gains in education and experience, mothers are still facing an uphill battle in the workplace — and a pay gap that has barely budged in 30 years. In fact, it’s costing them $16,000 a year in lost wages, according to an analysis of Census data by the nonprofit advocacy organization National Women’s Law Center in 2018. Mothers in the U.S. get paid 71 cents for every dollar their male counterparts make. READ MORE
Wage gap between top employees and everyone else is 'off the chart'
Income inequality is becoming a dominant topic of conversation, particularly as the 2020 presidential race heats up. Democratic candidates such as Kamala Harris, Cory Booker, and Elizabeth Warren have all made it one of their core platforms. READ MORE
Want to live in a big US city? Here's what you need to earn
While home Opens a New Window. prices are expensive Opens a New Window. , those looking to live in one of the country’s biggest cities might be surprised at where they could afford a home. READ MORE
Trump Administration Prepares 'Holistic' Review to Overhaul Federal Employee Compensation
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