Your Custom Text Here
It’s one of the biggest hiring trends happening right now: employers welcoming back employees who up and left during the pandemic.
They’re called, ‘Boomerang Employees’ and their return to the office can actually benefit both parties.
‘Boomerang Employees’ are workers who decided to leave their employers for a new gig, only to return to their former employer several months or years later. READ MORE
IT managers, system architects, cloud engineers and cybersecurity engineers took home the biggest salaries last year, according to the latest Tech Salary Report from jobs website Dice, with Texas and other emerging hubs taking big leaps forward.
Overall, the salaries of US tech professionals grew 3.6% between 2019 and 2020, reaching an average of $97,859. This was despite many businesses tightening budgets in response to the financial pressures caused by the pandemic. READ MORE
GE plans to split the conglomerate into three companies focused on aviation, healthcare and energy. We can’t know the ultimate outcome of such a split, but there is one absolute certainty: CEO Larry Culp will have extraordinary financial gains.
We know this is a certainty because Culp has an employment contract that guarantees it. It fits with how GE has behaved for decades: executives have accumulated wealth regardless of how shareholders fared. READ MORE
Struggling to attract workers as the coronavirus pandemic drags on, major companies are dangling an uncommon benefit to lure job candidates: a chance to get paid every day.
Dozens of employers — including fast-food chains Arby's, Wendy's, Jimmy John's and Taco Bell as well as retailers Big Lots, Dollar Tree and Kroger— are now giving employees the option to withdraw money from their paychecks moments after finishing their shift by using smartphone apps like Branch or DailyPay. READ MORE
The IRS on Wednesday announced 2022 inflation adjustments for a slew of different tax provisions, including federal income brackets and the standard deduction, that reflect a months long surge in consumer prices.
Because of a spike in the cost of most consumer goods, the majority of the tax bracket thresholds are rising at a faster pace than is usual, the IRS said. READ MORE
Surging inflation resulted in an effective pay cut for American workers during the month of October, despite an increase in wages, according to monthly figures released Wednesday by the Bureau of Labor Statistics.
Real average hourly wages, a measure of income adjusted for the cost of goods and services, declined 0.5% for all employees from September to October, according to the bureau. Real wages are down 2.2% since January and have declined in eight of the last 10 months. READ MORE
The federation findings echo a recent report from the National Association for Business Economics (NABE), which found in a survey that 58% of companies raised wages during the third quarter, an increase from 51% during the prior three months. READ MORE
If the Democrats' tax-and-spend reconciliation bill is enacted, the average top tax rate on personal income would rise to 57.4 percent, according to the Tax Foundation.
This would give the U.S. the highest tax rate in the developed world, and stick all 50 states with a combined federal-state tax rate higher than 50 percent. READ MORE
Salaries have steadily increased across the United States over the past decade, but workers in some states are growing their pay at a faster rate than others, according to a new report from Approve.com.
The spending management software firm looked at salary information from the Bureau of Labor Statistics and compared the average wage in 2010 for each state with the average wage in 2020. Researchers found that some places saw a nearly 50% jump in their workers’ salaries while others saw only a 25% increase. READ MORE
Many Americans would prefer to bare their bodies instead of their paychecks in the workplace. Twenty-eight million employees said they would rather run naked through the office for all their colleagues to see than reveal their salary earnings, according to a survey by Trusaic, a regulatory compliance software company.
The survey found that pay transparency remains a taboo subject for many workers. The question “Would you like information on everyone’s income to be made publicly available online?” revealed the general attitude of employees: READ MORE
As the world talks and talks about the climate crisis but continues to tinker around the edges of the catastrophe that is coming, the latest trend is to link executive pay to environmental, social and governance (ESG) outcomes. READ MORE
Crushed by pandemic workloads, Wall Street’s youngest want more money and better conditions. But mostly more money. READ MORE
Each year, the Internal Revenue Service publishes updated dollar limitations for tax-qualified defined benefit and defined contribution plans. The limits are important for tax-qualified plans, as well as many non-qualified plans.
The IRS announced recently that there will be cost of living adjustments (COLA) to certain of the qualified plan limitations described below for 2022: READ MORE
As organizations across the U.S. figure out how to pay a new class of remote and hybrid workers, it could have a positive impact on issues of salary transparency and pay equity, say Jason Walker and Rey Ramirez, cofounders of Thrive HR Consulting, who advise companies about how to set up and manage hybrid teams. READ MORE
Whether public employees are overpaid or underpaid relative to their private sector counterparts is a source of lively debate.
Much of the research on the relative compensation of public and private workers has focused on teachers, the largest segment of the public workforce. Moreover, the issue of teacher compensation has gained currency since the Great Recession, as states and school districts have frequently faced tough budget decisions to cut benefits or halt pay raises. And teacher compensation has important implications for hiring and retaining high-quality teachers and, consequently, for student academic performance. READ MORE
The executive compensation clawback rule mandated by Congress in Section 954 of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), is back. In the event of corporate misconduct, it will enable the SEC to recoup executive compensation (i.e., bonuses or other incentive-based pay), regardless of whether the executive was directly involved in or accused of any wrongdoing. READ MORE
Video game-maker Activision Blizzard will report its quarterly earnings after the markets close today. The company is facing a lawsuit brought by the state of California, alleging sexual harassment and discrimination and an investigation by the SEC over how it handled complaints.
Last week the CEO said he’d ask the board to drastically cut his salary to $62,500 until the company shows progress meeting gender and diversity goals. It’s a pretty dramatic cut for a guy who made about $150 million last year. But, it fits into a growing trend of tying executive pay to diversity measures. READ MORE
Tesla Inc.’s latest rally has blasted co-founder Elon Musk’s wealth past a new milestone: It now eclipses famed investor Warren Buffett’s fortune by a factor of three. READ MORE
Southern California's West Hollywood is reportedly considering hiking its minimum wage to $17.64 an hour-- which would be the highest in the country.
The city is adjacent to Beverly Hills. READ MORE
A former economic adviser to President Obama ripped House Democrats' plan to give a tax cut to millionaires, especially those in high-tax blue states, calling the proposal "obscene."
Jason Furman, president of the Council of Economic Advisers (CEA) under former President Obama, lambasted the Democrats’ plan to repeal a cap on state and local tax (SALT) deductions, pointing out that multimillionaires would benefit the most from lifting the SALT cap. READ MORE