Breaking this taboo is crucial to getting paid what you’re worth—and it could help shrink the wage gap, too. READ MORE
This Is the Salary You Need to Afford the Average Home in Your State
Before you buy a home, it’s important to find out if you can afford the monthly mortgage payment.
To do this, some financial experts recommend your housing costs — primarily your mortgage payments — shouldn’t consume more than 30 percent of your monthly income. With this rule of thumb in mind, GOBankingRates looked at home prices and mortgage rates in every state and estimated the minimum salary needed to afford the average home. READ MORE
Here’s one powerful way to control CEO pay
Company shareholders are well-positioned to address income inequality by clamping down on sky high corporate pay, but new research says they’ll have to put their mouth where their money is. READ MORE
Wage theft a problem across industries, study says
After three years of driving for Omni Limousine, Kevin McSwiggin was fed up with his job.
According to filings with the U.S. District Court for Nevada, Omni employees were only paid an hourly wage if they were driving a client. Time spent cleaning the limo, completing paperwork, filling the vehicle with gas or verifying trip sheets was ignored. READ MORE
Rich states, poor states: How a federal minimum wage hike would widen the gap
With growing enthusiasm for lifting the federal minimum wage in Congress, it’s time to consider some data on wages and differences in the cost of living across the 50 states. The Raise the Wage Act, introduced by Rep. Bobby Scott, D-Va., in January with broad support from his party, would raise the federal minimum wage from the current $7.25 per hour (where it has been since 2009) to $15.00 in 2024. READ MORE
Time to read the tea leaves on exec comp
Executive compensation is a subject that populists are warming to, and it would be smarter for C-suite occupants to take action on their own than to let Washington do it for them when the economy sours. READ MORE
A model for exec comp? Look to the Friendly Confines.
CEOs don't hit home runs. They shouldn't be paid as if they did. READ MORE
Typical CEO pay package up 7% last year to a total $12 million
Did you get a 7% raise last year? Didn't think so. But, hey, if you did, then congratulations: Your raise was in line with what CEOs at the biggest companies got -- only for chief executives, that 7% was roughly $800,000 in additional compensation. READ MORE
CEO Pay: When investors give thumbs-down to soaring compensation packages
Shareholders are still voting overwhelmingly in favor of big pay packages for CEOs, but there are more pockets of resistance eight years after "Say on Pay" became a mandatory exercise at annual meetings. READ MORE
Musk Says His Tesla Compensation Was `Net Negative' Last Year
Tesla CEO Elon Musk said the compensation he received last year was “net negative” as he had paid for most of his company-related expenses, responding to a Twitter user’s comments on Wednesday. READ MORE
Compensation Aspirations: Our No-Longer-Pitiful Nonprofit Salaries
Quartz reports (a little belatedly) that the average compensation for workers at nonprofits was—as of 2014, the last year for which the numbers were available—$7.86 per hour higher than at for-profits. READ MORE
It’s Never Been Easier to Be a C.E.O., and the Pay Keeps Rising
Compensation for top bosses grew at double the pace of ordinary workers’ wages, according to our annual analysis. Topping the list: Elon Musk, with a $2.3 billion package. READ MORE
States With $15 Minimum Wage Laws Doubled This Year
The number of states that have enacted $15 hourly wage floors has doubled so far this year. And advocates pushing to raise the minimum wage have scored smaller victories elsewhere. READ MORE
Why are wage gains so weak?
After correcting for inflation, wage gains remain sluggish. In April, average weekly earnings for nonsupervisory workers were up 3 percent from a year earlier, to $785.55. Meanwhile, prices as measured by the consumer price index were up 2 percent. Considering that the economy has been expanding for nearly a full decade — a record if it continues through June — this is perplexing, even allowing that wages are growing faster at the top than in the middle. READ MORE
The Case for a $15 Minimum Wage Is Far From Settled
Recent research shows different effects on employment, based on the policy specifics and economic context. READ MORE
How The Minimum Wage Hurts Entire Neighborhoods
There is a lot of debate around the minimum wage. Some see it as a fairly straightforward way to help low-income workers. Others emphasize the negative effect it has on employment. Fewer employment opportunities are bad in their own right, but the harmful effects of minimum wage increases are likely spilling over to entire neighborhoods. READ MORE
Trends In Director Equity Compensation This Proxy Season
The trend of including director-specific limits on the size of annual equity awards to non-employee directors under long-term incentive plans (“LTIPs”) continues to pick up steam, as evidenced by our survey of LTIPs filed this proxy season for shareholder approval. Nearly 75% of LTIPs reviewed now include a director-specific limit on the size of annual non-employee director grants, with a majority of those LTIPs restricting not only the size of annual equity awards, but also capping total annual compensation to non-employee directors. READ MORE
CEOs — especially those in tech — are making more money than ever
Worker pay, however, is stagnating. READ MORE
Proxy advisors and executive compensation: Who watches the watchers?
Proxy advisory firms, or PA's, assemble research data on thousands of publicly traded companies. This information is distilled and compared to guidelines adopted by the PAs in order to make proxy voting recommendations to institutional investors and retail clients. READ MORE
What Tech Companies Pay Employees in 2019
Nearly a decade ago, in the aftermath of the financial crisis, Congress passed a law requiring publicly traded companies to report the median pay of their employees and compare it to the CEO’s pay. The goal was to highlight corporate excess and income inequality, with an eye toward curbing the outsize executive compensation packages that Congress viewed as contributing to the crisis. READ MORE