How well do you understand your overall compensation package? Are you maximizing the value of the salary, benefits, and non-monetary perks offered by your employer? If you’re not sure, ask yourself these three questions. Chances are, you’re leaving some worthwhile perks and benefits on the table. READ MORE
A Closer Look at Elon Musk and His Wild CEO Pay Plan
Good News for Workers? Increased Compensation in the New Year!
As the current economic expansion stretches to a full decade and businesses feel the benefits from last year’s corporate tax cut, the majority of U.S. business leaders have a firmly optimistic outlook for the coming year, especially regarding their own company’s performance. That’s according to results of the 2019 Business Leaders Outlook report from JPMorgan Chase. READ MORE
With Record Profits on Wall Street, Small Bonuses Will Annoy Bankers: Experts
Most Wall Street banks announced their fourth quarter profits beat industry expectations last week. But by the end of this week, bank sources and compensation experts told Reuters, most of their staff will be underwhelmed by their bonuses. READ MORE
Ten Considerations for Performance-Based Compensation
With the dawn of the new year, many companies are taking the initial steps that they hope will allow them to meet their financial and strategic goals in 2020 and beyond. Often, one core element of this process is designing a system of performance awards that will be granted to the executive team, with the intent to motivate executives to achieve the company’s goals by aligning the executive team’s interests with the performance of the company. Performance awards can come in many forms, including stock options, performance-vesting restricted stock or stock units, or cash bonuses. The process of designing performance awards is often messy because there are too many choices and too many unknowns, and companies must also face the risk of inadvertently designing a program that could incentive bad behavior. As you think about your performance awards, here are ten considerations to keep in mind: READ MORE
How AI can eliminate bias in compensation practices
Eliminating bias, or even the perception of bias, is critical to avoiding costly risks to employers in terms of employee engagement, retention, innovation and brand reputation. Employees who perceive bias in their workplace are three times as likely to leave their current job, according to a 2017 Center for Talent Innovation study. READ MORE
NCAA's Emmert: 'Our job' to solve athlete compensation
NCAA President Mark Emmert spoke for 20 minutes Thursday in a crowded ballroom at the Anaheim Convention Center, two huge video boards on either side of the stage showing his image so the folks way in the back could see. READ MORE
Rep. Stokesbary revives effort to allow college athletes to receive fair compensation
Rep. Drew Stokesbary, R-Auburn, is reviving his effort to allow college athletes to receive fair compensation for the use of their name, image and likeness. READ MORE
JPMorgan CEO Jamie Dimon’s Compensation Rises to $31.5 Million
The pay includes $6.5 million in cash, including salary and bonus, and $25 million in stock grants that would be earned over the coming years, depending on the bank’s performance. READ MORE
Everything you need to know about the government's new stock option taxation rules
Last week, the federal government introduced draft legislation that proposes to limit the preferential tax treatment associated with certain employee stock options. The new rules, originally introduced in the March 2019 federal budget, fulfill a 2015 Liberal party election platform promise to limit the benefits of the stock option deduction by placing a cap on how much can be claimed. At the time, the Liberals quoted a Department of Finance estimate which found that 8,000 “very high-income Canadians deduct an average of $400,000 from their taxable incomes via stock options.” READ MORE
Women CEOs outearn male top execs, according to a new study
There is at least one place where women are earning more than men: the C-Suite. READ MORE
4 possible red flags in company proxy statements
Corporate proxy statements can be very rich sources of information, the kind of information that could benefit investors — if they know what to look for. READ MORE
Benefits of Deferred Compensation Plans
A deferred compensation plan withholds a portion of an employee’s pay until a specified date, usually retirement. The lump sum owed to an employee in this type of plan is paid out on that date. Examples of deferred compensation plans include pensions, retirement plans, and employee stock options. READ MORE
Global Compensation Considerations
As companies continue to expand internationally, increasing market share, growing profits and developing low-cost production centers have become leading corporate goals. The need for a long-term vision on a global strategy has never been more important — and developing a smart compensation plan to support that strategy is a central component of corporate success. READ MORE
Why Is it so Hard to Get Sales Incentive Plans Right?
Stating the obvious, nobody wants to get sales incentive plans wrong. The stakes are clear, with the upside directly linked to the top line. We’re pretty sure that the challenge isn’t lack of desire. We’re also equally sure that the challenge isn’t lack of resources or opinion, reflecting upon the many standing-room-only sales incentive meetings we’ve facilitated. READ MORE
Corporate boards and self dealing lead to outrageous CEO pay
No one should blame CEOs for demanding obscene pay packages, they have evolved, like all creatures, to seek maximum calories from the least amount of effort. READ MORE
Are Wages Rising or Flat?
To hear politicians tell it, wages are rising at the fastest rate in a decade, are the same as they were 45 years ago and are at a 60-year low. And all three claims could be correct, depending on what measure is used to justify it. READ MORE
Minimum wage hasn't been raised for the longest time in history
June 16 marked the 12th year that Congress hadn’t raised the federal minimum wage, the longest amount of time the minimum wage has remained unchanged since it was first established in 1938. The last time the U.S. government raised the minimum wage was in May 2007 — that decision increased wages to $7.25 an hour starting July 24, 2009. READ MORE
Where the 2020 candidates stand on raising the federal minimum wage
The idea of a $15 federal minimum wage is no longer a fantasy. The vast majority of 2020 candidates running for the Democratic presidential nomination have now endorsed it. READ MORE
The States That Pay the Highest Minimum Wage
What did you do in the summer of 2009? America's national minimum wage did something it hasn't done again: It went up, to $7.25 an hour. The 10 years without an increase is the longest since the federal minimum wage was introduced after the Great Depression. READ MORE