A critical responsibility for any business owner or manager is setting goals. This includes the task of setting performance or development goals for your team. The best type of employee performance goals tie back to your company's overall organizational goals. READ MORE
Reward Your Employees — Without Breaking the Bank
As the ongoing public health crisis has metastasized into an economic slowdown, it’s difficult for many corporations to retain and reward their people. Many firms aren’t in the position to give their employees large annual bonuses. As the former CEO of CitiMortgage and now the CEO of Caliber Home Loans, I have seen how spot bonuses can be an effective alternative: We recently paid spot bonuses to almost all our employees to reward them for their diligent work in a tumultuous year. Indeed, companies can use a spot bonus like a scalpel to stimulate feelings of satisfaction among employees, incentivize group behaviors, and build a stronger sense of solidarity. READ MORE
What It Means: President Trump’s Executive Order on Deferring Payroll Tax Obligations
On August 8, 2020, President Donald Trump issued the Memorandum on Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster (Executive Order). READ MORE
Wells Fargo's Scharf unseats Jamie Dimon as highest-paid US bank CEO in 2019
Charles Scharf, Wells Fargo & Co.'s CEO since Oct. 21, 2019, became the industry's highest-paid CEO last year, bringing in $36.4 million in total compensation. Jamie Dimon, CEO of the largest U.S. bank by assets, JPMorgan Chase & Co., and the highest-paid CEO in 2018, 2017 and 2016, raked in $31.6 million in 2019. READ MORE
TVA board to review CEO compensation after Trump says utility pays too much
Lyash, a former CEO of Ontario Power, joined TVA last year and was paid more than $8.1 million in total compensation during his first six months on the job. Trump's $400,000 annual salary is only a fraction of what Lyash is paid at TVA and the president has called TVA's pay for its CEO "ridiculous." Trump said TVA's top pay should be cut "by a lot" to be more in line with other federal executives. READ MORE
Salary Increase Budgets Fall for First Time in 12 Years
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
Trump's executive orders give Congress new deadline
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
What a Trump payroll tax deferral would actually mean for your wallet
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
Performance and rewards: The way forward
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
Trump promises permanent cut to payroll tax
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
Payroll tax deferral will give employed Americans 'a huge wage increase'
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
The Pandemic Benefit Seems So Great Because Actual Wages Are Insanely Low
It won’t be enough to simply bring back jobs when people weren't making enough in the first place. READ MORE
Salary budget planning 2020
Pay freezes, postponed reviews and slashed salary budgets - what will be in store for 2021? READ MORE
On Measuring Sales Performance
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
Report reveals shocking salary discrepancies between men and women at Netflix, Google, and others
A recent study by BioSpace revealed a shocking salary disparity between men and women at top companies in the United States. READ MORE
Facebook CEO Mark Zuckerberg is now worth $100 billion
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
Salary History Bans Are Starting To Improve the Wage Gap—Here Are 6 Other Changes That May Level the Field
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
Not only were low-wage jobs hurt most by the pandemic, they're least likely to come back
A new MIT report suggests that low-wage workers could face long-term unemployment after the COVID-19 crisis subsides. READ MORE
California labor commissioner sues Uber and Lyft for alleged wage theft
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
Why bursting the tech salary bubble is a good thing
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