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This year, Equal Pay Day falls on March 24, a date that symbolizes how far into the year women must work to earn the same as men did in the previous year.
The most recent estimates show women across the nation earned about 82 cents for every dollar earned by men, according to 2019 data from the US Census. That amount changes when broken down by race -- with many women of color faring much worse. READ MORE
More than half of U.S. employees say they plan to ask for a pay raise within the next 12 months, according to a new survey.
Fifty-four percent of workers are looking for a pay raise, bonus or cost-of-living increase in 2021 following a year of virus-induced financial hardship, according to a recent survey by Glassdoor, which offers insights about jobs and companies. READ MORE
The sales department in most companies gets rewarded for bringing in new business. Shouldn’t the tax department be rewarded for identifying and taking advantage of available tax credits and incentives READ MORE
The refrain is all too familiar: Widening income inequality is a fatal flaw in capitalism and an “existential” threat to democracy. From 1967 to 2017, income inequality in the U.S. spiked 21.4%, and everyone from U.S. senators to the pope says it’s an urgent problem. Yet the data upon which claims about income inequality are based are profoundly flawed. READ MORE
Employers’ reliance on salary history in hiring and compensation decisions is a textbook example of structural bias. While the common practice of asking a job applicant about their prior salary may seem innocuous on the surface, it can have unintended, harmful consequences, including barring qualified candidates from job opportunities and systematically relegating women and workers of color—particularly women of color—to lower pay that may have been set lower because of discrimination. READ MORE
One of Thomas Kurian’s first moves as Google Cloud’s CEO when he joined the company in 2019 was lifting a cap put in place on sales commissions. He thought the move would lure elite salespeople to join the company’s growing cloud computing division, with the promise of a big payday.
Some did just that, with a few top-performing salespeople making over $1 million in 2020. But those days may be coming to an end. READ MORE
For many startup companies, compensating directors, officers, and employees can pose quite the challenge. While startup companies want to lure top talent, and incentivize workplace continuity and employee buy-in, they are often stressed for capital, and need to keep overhead costs low. One common approach to balancing these interests is for companies to offer restricted stock units (“RSUs,”) to their directors, officers, and employees as a form of compensation. READ MORE
Executives at some of Wall Street's biggest firms warned New York lawmakers that raising taxes could cause high-income earners who fled the state during the coronavirus pandemic to leave permanently. READ MORE
If you have an in-house marketing team, go ask them the impact negative brand equity can have on a business. A good brand shapes the way in which people see and feel about a certain product, service or process. But a brand bad can be a ‘success killer’. READ MORE
Over the last few decades, it has become increasingly clear that employee satisfaction and engagement have less to do with material gifts and much more to do with the quality of the work culture.
Everyone enjoys receiving a gift, but if there is no sincere connection between the giver and receiver it becomes an empty gesture. That intangible connection is what many HR departments are chasing when they field companywide employee recognition programs. READ MORE
Environmental, social and governance (ESG) concerns were not invented during the pandemic but, as companies grappled with massive health, social, climate and financial risks last year, they accelerated and expanded their focus on ESG-related issues.
Today, corporate boards and management teams around the world are considering ESG in the context of mitigating risk and creating value for all stakeholders. READ MORE
The executive pay “clawback,” an idea that had its debut during the discussion around the passage of the Sarbanes-Oxley Act in 2002, has become an increasingly common provision in executive compensation packages. In theory, clawback policies enable companies to recover incentive pay granted to executives for achieving financial performance targets on the basis of decisions and actions that subsequently turn out to be ethically and legally questionable, and which impose significant monetary and reputational liabilities on the company. READ MORE
Progressives Friday pushed for a $15 minimum wage, saying Democrats owe their constituents a living wage this year, and if they don't deliver, it could cost them at the ballot box in 2022.
"We need to pass a $15 minimum wage by the end of the year, [and] it has to be part of must-pass legislation," said Rep. Ro Khanna, D-Calif.
Khanna organized a press call Friday with many progressive Democratic lawmakers, union leaders and activists who demanded the $15 minimum wage despite setbacks earlier this year. READ MORE
While strides have been made toward equal pay across all genders and races, statistics reveal that even in 2021, Americans are still not paid equally. Women have made gains in their decades-long fight for pay equity, but disparities remain. READ MORE
Although minimum wage is not nearly as low as it used to be, America still has a long way to go when it comes to compensating its workers. The federal minimum wage is currently at $7.25, a number that has stayed the same since 2009. READ MORE
What is considered middle class? It might take more money than you think to reach this income tier. The Pew Research Center defines middle class, or middle-income households, as those with incomes that are two-thirds to double the U.S. median household income. READ MORE
Understanding what the average income is in your state can help you determine if you’re ahead of the curve or behind it when it comes to your own salary. Averages are typically measured in two ways: mean and median. Mean or “average” income takes the total amount of earnings across a sample and divides it by the number of participants. Median income, on the other hand, is the midway point of a sample, with half the people sampled earning above the median and half earning less. READ MORE
On March 11, 2021, President Biden signed into law the American Rescue Plan Act of 2021 (“ARPA”), a $1.9 trillion COVID-19 economic stimulus bill. ARPA contains provisions affecting employee benefits and executive compensation, including temporary fully subsidized COBRA premiums, a temporary increase in dependent care assistance dollar limits, relief for single employer and multiemployer defined benefit pension plans, and the expansion of the pool of covered employees subject to the compensation limitations under Internal Revenue Code Section 162(m). READ MORE
Entrepreneurs already have to muster a great deal of time and energy to get their businesses off the ground. Covid-19 hasn’t done them any favors: A survey by Alignable in September 2020 found that 60% of small businesses were still suffering financially from the pandemic and 42% of owners were at risk of closure.
It is not clear how much federal stimulus can change that outlook until consumer confidence rebounds, but with or without a recession, entrepreneurs will continue to find that payroll costs often compete with other strategic priorities. If they do have the cash flow to compete for talent on salary, leaders may need the money for other aspects of the business. Equity compensation is a way to attract high-quality employees and help keep payroll manageable. READ MORE
The American Rescue Plan Act (ARPA), the new $1.9 trillion COVID-19 relief bill, includes provisions related to the treatment of executive compensation under Internal Revenue Code (IRC) Section 162(m). READ MORE