Tax increases may be looming. If you have stock options, restricted stock units, or company shares, now’s the time to analyze whether President Biden’s proposed tax changes could impact your financial planning, whether directly or indirectly. Some of the potential tax increases, such as a major hike in the top rate of capital gains tax, may require you to take action before any new tax legislation is adopted. READ MORE
Inequality Has Soared During the Pandemic—and So Has C.E.O. Compensation
What would it take to arouse a sense of financial restraint among America’s top corporate executives and the people who set their pay? More than a global pandemic, it turns out. READ MORE
Persisting pay gap: Why people analytics is more important than ever
Organizations around the world are strategizing for the post-pandemic workplace by pressing the reset button—revamping hiring practices, approaches to flex work, organizational culture and more for a new world. It’s also a prime opportunity to examine inequities in pay, experts say. READ MORE
Put The Salary In The Job Post, You Cowards!
Once, at the end of a long job interview, after discussing everything else under the sun, I asked the interviewer what the pay range was for the position. Her lips thinned; she was clearly offended. She said it wasn't something the company was comfortable sharing. READ MORE
Activision Blizzard employees sign petition denouncing company's 'abhorrent' response to lawsuit
Pressure on Activision Blizzard is mounting as more than 2,000 current and former employees signed a petition slamming what they see as the video game company's "abhorrent and insulting" response to a California lawsuit.
The petition, which was circulated Monday and seen by CNN Business, criticized the company's statements following a lawsuit filed last week by California's Department of Fair Employment and Housing, which alleged that multiple female employees were subjected to gender discrimination, sexual harassment, and unequal pay. READ MORE
DOL Proposes Rule to Enforce Federal Contractor Wage Increase
Many federal contractors would have to pay workers at least $15 an hour by 2022 under a proposed rule from the U.S. Department of Labor (DOL) that would implement and enforce a recent executive order.
In April, President Joe Biden signed Executive Order 14026, which aims to promote "economy and efficiency in federal procurement by increasing the hourly minimum wage paid by the parties that contract with the federal government to $15.00 for those workers working on or in connection with a federal government contract," according to the White House. READ MORE
It’s Been 12 Years Since Congress Raised The Minimum Wage
Congress will pass an embarrassing milestone on Saturday: a dozen years without so much as a penny increase to the federal minimum wage.
The wage floor set by the federal government remains just $7.25 per hour, well below a living wage everywhere in the country. A worker earning that pay with a full-time schedule would bring home an annual salary of only $15,000, hardly enough to cover basic living expenses for a single person, let alone a family. READ MORE
Top White House economist says companies need to 'pay a fair wage'
Despite a labor shortage brought about largely by the COVID-19 pandemic, companies can find workers by offering "fair wages," Brian Deese, the top economic adviser to President Joe Biden, told Yahoo Finance on Monday.
Deese, the Director of the National Economic Council, pointed to coronavirus fears and child care obligations amid remote schooling as key reasons why unemployed Americans have stayed on the sidelines. However, employers can overcome these obstacles by providing fair compensation, he added. READ MORE
Companies Plan Higher Salary Increases In 2021
Only 3% of American companies are freezing employee pay, and many plan to raise pay in 2022, according to a new Willis Towers Watson WLTW 0.38% survey.
Companies project average salary increases of 3% for executives, management and professional employees and support staff next year — up 2.7% from 2021.
The largest increases are projected in sectors like high tech, pharmaceuticals, health care, media and finance, oil and gas and retail. READ MORE
America's Worst CEO-to-Worker Pay Ratios
Nothing, it seems, can burst the bubble of America's highest-paid chief executive officers. Last year, even as the economy recorded its worst year for job losses since 1939, CEO pay continued to grow apace. At the same time, worker pay – for those lucky enough to remain employed – lagged even farther behind what the nation's top executives raked in. READ MORE
Maybe ‘clawback’ provisions should include people like cops and prosecutors
Have you owned a stock that declined in value significantly because the CEO or CFO of the company committed a misdeed, financial or otherwise? And then to add insult to injury, the Securities and Exchange Commission imposed a substantial fine on the company. You say to yourself, why penalize the company — and therefore me? Why not go after the CEO’s compensation? READ MORE
Must-Knows About Restricted Stock
No matter the type, employer stock is fraught with contradictions.
On the one hand, it’s a key source of wealth for many households. It's also typically issued as a bonus, above and beyond regular compensation, so employees who receive it might be inclined to think of it as "gravy," or mad money. READ MORE
Cybersecurity salaries: What 8 top security jobs pay
As organizations emerge from the COVID-19 pandemic, hiring is on the rebound—and that is especially true in the information security ranks where demand has outstripped supply for years. Despite the work-from-home push opening opportunities to hire beyond the usual geographical boundaries, many organizations continue to struggle to find these needed workers, which is putting pressure on salary and benefit offerings. READ MORE
Pandemic-Related Changes to Short-Term Incentive Plans Only Temporary
Changes to short-term incentives (STIs) prompted by the global pandemic/economy are largely temporary, and some organizations cite the pandemic as the reason for modifying long-term incentives (LTIs). These findings are captured in the "2021 Incentive Pay Practices Study" of publicly traded, privately held, nonprofit, and government organizations conducted by WorldatWork in partnership with Compensation Advisory Partners (CAP). WorldatWork has been conducting incentive pay surveys since 2007 with CAP (via acquisition of Vivient Consulting). The four-part survey provides a sweeping overview of approaches to incentive pay, including types of STI plans; annual incentive plan (AIP) measures, eligibility, targets, and payout frequency; long-term incentive (LTI) prevalence; incentive plan budgets (actual and estimated); and more. READ MORE
Nick Saban says Crimson Tide QB Bryce Young was offered 'almost seven figures' NIL deal
Alabama redshirt freshman quarterback Bryce Young assumes the reins of the most important position on the field this season for the defending national champions, and his star power has a chance to be considerably lucrative for the former five-star prospect. Speaking at the Texas High School Coaches Association convention on Tuesday, Alabama coach Nick Saban revealed that one of his players has been offered a substantial name, image and likeness deal, though he did not specify the player by name. READ MORE
The biggest job wage boom post-pandemic is blue collar, but will it last for workers?
Companies are in desperate need of workers across the country as the economic reopening collides with a tight labor market, but the boom in manual labor job wage growth pre-dates the pandemic.
Donna Kauffman, co-owner of a landscaping design and construction company in Colleyville, Texas, said a tightened labor market has pushed her starting wage up to $13.75 per hour, compared to lower wages in previous years. READ MORE
Cities Where the Average Salary Isn’t Enough To Get By
The old adage about the three most important things in real estate -- location, location, location -- speaks to how there's more to where you live than just geography. From the size of your paycheck to how much your groceries will cost, your location can heavily influence many important aspects of your life. READ MORE
BlackRock: Lack of diversity, independence drove critical board votes
Top asset manager BlackRock (BLK.N) said on Tuesday it voted against 10% of company directors this year, up from 8.5% last year, as part of a more muscular approach to corporate governance.
BlackRock gave the breakdown in its quarterly stewardship report, citing issues like a lack of boardroom diversity or director independence. READ MORE
Uber CEO: CEOs are paid too much
Uber's top dog Dara Khosrowshahi thinks his fellow CEOs are overpaid, he said in an interview with The New York Times.
"I think if you define fairness by 'fair market value,' then CEOs are paid fairly," he said. "I think if you define fairness by how you think society should value people, then I think CEOs are paid too much. You could put me in that group." READ MORE
How Shareholders Can Have a Say on CEO Pay
A company's board of directors is ultimately responsible for how much a chief executive gets paid. But what can shareholders do if they think a chief executive isn't actually earning his or her salary?
New research from Morningstar explores ways to improve the link between CEO pay and shareholder interests. Morningstar equity analysts Joshua Aguilar and Kristoffer Inton looked at methods to better align CEO pay with the value they create for shareholders and better ways to measure their value creation. READ MORE