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The U.S. Supreme Court will hear oral arguments on Dec. 6 in a lawsuit that contends that Northwestern University violated its duty under ERISA by allowing two 403(b) retirement plans to charge participants excessive investment and recordkeeping fees.
The case could have broad implications since dozens of similar lawsuits have been filed across the country. READ MORE
The U.S. Securities and Exchange Commission (SEC) on Monday issued guidance to listed companies around how to properly recognize and disclose share-based compensation arrangements made to executives ahead of company earnings and other releases.
The regulator said its new guidance spells out how companies must consider the impact such 'spring-loaded awards' would have on market-moving releases. READ MORE
The Great Resignation is among the most significant events in recent U.S. history. We are seeing a post-COVID-19 generation refusing to work under the same conditions as they did before. The U.S. is facing the most prominent labor shortage of the decade, and positions that require high-demand skills are harder than ever to fill. READ MORE
CEOs and corporate insiders have sold a record $69 billion in stock in 2021, as looming tax hikes and lofty share prices encourage many to take profits.
From Satya Nadella at Microsoft to Jeff Bezos and Elon Musk, CEOs, founders and insiders have been cashing in their stock at the highest pace on record. As of Monday, sales by insiders are up 30% from 2020 to $69 billion, and up 79% versus a 10-year average, according to InsiderScore/Verity, which excludes sales by large institutional holders. READ MORE
Tech professionals choose their field for a variety of reasons, ranging from the challenging and creative aspects of the work to the ability to play a role in improving the ways people live and work. Money may not be the primary factor in a fulfilling career in the tech industry, but it’s not an unimportant consideration, either.
It’s smart for newcomers in any field to pay attention to the skills that are and will soon be in high demand—and which often come with generous compensation. Below, 13 industry experts from Forbes Technology Council share some of the IT skills that will be yielding high salaries in the next five years. READ MORE
This week starts the holiday season. Soon we’ll be at the end of the year. During this time period companies traditionally offer performance reviews and tell employees if they are getting a salary increase or not. In sectors such as Wall Street, bankers eagerly await their bonus numbers as it's a significant part of their overall compensation package. READ MORE
A SERIES of new laws passed by a handful of states is tackling the long-fought for idea of pay transparency.
These laws are meant to address pay inequities that have plagued people, namely women and minorities, for decades. READ MORE
Texas oilfield services firm ProPetro and former CEO Dale Redman have settled charges that they understated his executive perks by failing to disclose ProPetro had reimbursed him for more than $400,000 in personal and travel expenses.
According to the U.S. Securities and Exchange Commission, ProPetro did not include the expenses, including Redman’s use of his personal Learjet for trips that were not directly related to the performance of his CEO duties, in its proxy statements for fiscal 2017 and 2018. READ MORE
For those eligible, a deferred compensation plan is a powerful employee benefit to accelerate savings and reduce taxes. But they aren’t without tradeoffs.
Every year we hear from people who want to evaluate participating in the program — they strive to make a prepared, confident election, only to spend way too much time analyzing a hundred different variables and ultimately rush the decision each year. READ MORE
In May 2020, as the pandemic sent stress levels through the roof, an online children’s clothes retailer called Primary started an experiment that it hoped would prevent its staff from burning out: It gave everyone Fridays off.
By December, the new schedule was working so well that Primary decided to extend it indefinitely. READ MORE
A British bank has adopted a four-day work week for all its employees without cutting pay, saying it's the largest UK company so far to make such a move.
Atom Bank announced on Tuesday that it had also reduced the weekly hours of its 430 staff to 34 from 37.5 and expected most workers to take either Monday or Friday off. The change is voluntary and would mean staff working slightly longer days. READ MORE
What are employers’ top two concerns right now?: First, they can’t find workers, and second, they can’t meet demand for their goods and services — often because they can’t find workers. READ MORE
Nurses are in demand and in short supply with salaries on the rise.
Hospitals are giving nurses raises worth thousands of dollars a year, the latest employer to feel the pinch of a tight labor market, according to The Wall Street Journal. READ MORE
A new piece of research from Business Insider has revealed a range of salaries paid to Apple employees across disciplines like software development, design, and engineering working on products like its best iPhone, the iPhone 13, and more. READ MORE
A successful compensation program, one that drives strategic execution and competitiveness, starts with a guiding philosophy. That’s especially true of executive compensation. Just as companies develop different business strategies, they benefit from different compensation philosophies that respond to their unique circumstances. READ MORE
When looking for a job, it can take hours of interviews and days of preparation to get an answer to a very basic yet crucial question: How much does the gig pay?
Broach the salary question too soon, and an employer might view it negatively. Avoid the question or salary negotiations altogether, and you risk getting underpaid. It’s a delicate song and dance. But a new wave of laws, which are requiring private companies to fork over salary details, could end that rigamarole once and for all. READ MORE
The Treasury Department’s proposed regulations regarding the income tax treatment of “ineligible plans” of tax-exempt employers under Code Section 457(f), published in June 2016, were greeted with much fanfare. (Final regulations have not yet been published, but taxpayers may rely on the proposed regulations now.) Section 1.457(f)-12 of the proposed regulations (the “Proposed Regulations”) attempts to fill in the gaps, and iron out some of the inconsistencies, between the general rules governing deferred compensation plans under Code Section 409A and the special rules governing “ineligible plans” (“Section 457(f) plans”). READ MORE
Options to purchase stock of an employer continue to be a popular form of equity-based compensation, particularly among start-ups and other privately-held companies.
One perennial question companies face in designing stock option programs is the extent to which they should grant nonqualified stock options, known as “NQSOs,” or statutory stock options, known as “incentive stock options” or “ISOs.” READ MORE
In late June, Sharps Compliance, a Houston-based medical waste management company, reported spectacular financial results. The rollout of Covid-19 vaccines had increased demand for the company’s services, Sharps said, and its earnings had more than quadrupled. The company’s board granted Sharps’ top three executives twice the compensation they’d received a year earlier based on the performance; the trio shared almost $1 million more than they’d received in fiscal 2020, Securities and Exchange Commission filings show. READ MORE
The economic fallout from the pandemic has forced businesses to adjust the structure and compensation of their workforces. Many companies altered their performance plans, froze or reduced salaries, and furloughed employee segments, according to the 2021 Gallagher Russell 3000 CEO and Executive Compensation Trends study. READ MORE