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Total United States salary budget increases fell for the first time in a dozen years, according to WorldatWork’s “2019-20 Salary Budget Survey.”
Respondents, who took the survey during the COVID-19 economic fallout, said the average salary budget hike will be 2.9%, a pronounced departure from the projected increase of 3.3%. READ MORE
The president’s orders grant unemployed Americans an extra $400 per week in benefits and postpone the payroll tax through the end of the year, in addition to deferring student loan payments and freezing evictions. READ MORE
President Trump on Saturday signed four executive actions as an attempt to sidestep Congress – deadlocked in negotiations over another coronavirus aid package – and provide relief to American workers and businesses still reeling from the pandemic. READ MORE
Going forward organizations should refine their assessment of employees’ work and the rewards they receive, such that it is a fair and equitable reflection of their contribution to the organization. READ MORE
President Trump pledged on Saturday to pursue a permanent cut to the payroll taxes that fund Social Security and Medicare if he wins reelection in November, a hard-to-accomplish political gambit that some experts see as a major headache for the future of the country’s entitlement programs. READ MORE
White House economic adviser Larry Kudlow said Sunday that the payroll tax deferment enacted by President Trump's executive order will give millions of employed Americans "a gigantic wage increase." READ MORE
It won’t be enough to simply bring back jobs when people weren't making enough in the first place. READ MORE
Pay freezes, postponed reviews and slashed salary budgets - what will be in store for 2021? READ MORE
When we separate measuring sales performance from compensating sales performance, we are able to start clarifying things. We can start to develop more meaningful metrics. READ MORE
A recent study by BioSpace revealed a shocking salary disparity between men and women at top companies in the United States. READ MORE
Mark Zuckerberg has joined the world's most exclusive club of the ultra rich.
The Facebook (FB) CEO on Thursday became a centibillionaire: someone who is worth at least $100 billion. He crossed the milestone after shares in the social network surged. Only two other men, Amazon (AMZN)'s Jeff Bezos and Microsoft (MSFT)'s Bill Gates, have bigger personal fortunes. READ MORE
Of all the questions a hiring manager may ask in a job interview, one of the simplest to answer is also one of the most loaded: How much money are you making in your current position? That’s because employers often use past and current compensation information to determine the salary offers extended to job candidates—a practice that can trap underpaid workers in a cycle of earning less than deserved for… basically forever. READ MORE
A new MIT report suggests that low-wage workers could face long-term unemployment after the COVID-19 crisis subsides. READ MORE
Uber and Lyft are committing wage theft by misclassifying drivers as independent contractors, California’s labor commissioner alleges in separate lawsuits against the companies. The classification of drivers as freelance workers has deprived them of “a host of legal protections in violation of California labor law,” the lawsuits say. READ MORE
In recent months, tech giants like Twitter, Shopify and Facebook have been announcing permanent remote work options for their staff, whether the COVID-19 pandemic subsides or not. It appears that the tech world and its CEOs are realizing the numerous benefits that come from giving workers more flexibility over their geographic location. According to recent surveys, 19 percent of employees want to work from home on a permanent basis after the health crisis is over. READ MORE
Advisory firms such as Institutional Shareholder Services (ISS) and Glass Lewis will face tighter regulations following a vote by the Securities and Exchange Commission on Wednesday. READ MORE
In the executive compensation space, two topic areas — diversity and inclusion (D&I) and environmental, social and governance (ESG) are gaining considerable steam of late. READ MORE
Structural racism is evident everywhere in America, but especially in the makeup of the country’s highest-paying professions. From law to finance to software development, data show wide gaps between white and Black workers, not only on salary but in racial representation within each field. READ MORE
We all know that Amazon CEO Jeff Bezos is among the wealthiest people on the planet. He added a cool $13 billion to his net worth in a single day when shares of the company surged. READ MORE
In recent years, the gap between the highest and lowest income brackets has become an area of growing concern for economists and policymakers, not to mention the low-wage workers who have been left behind. In late 2013, President Obama said that inequality was the defining issue of our time. READ MORE