Since Nov. 8, Musk has exercised options to buy 10.7 million shares and sold 10.1 million shares for $10.9 billion READ MORE
Amid Tight Labor Market, Organizations Are Increasingly Relying on Bonuses
WorldatWork’s 2021 “Bonus Programs and Practices” survey revealed that organizations have heightened their bonus activity to attract and retain employees during an especially active labor market.
The four types of bonus programs measured in the survey were: sign-on, referral, spot and retention. More than one in three (38%) of 957 organizations surveyed use all four types. Overall, the trend is increasing among use of all four bonus types, and of those without a program currently implemented, consideration is also growing. Only 7% of organizations reported not using any of the four types of bonus programs. READ MORE
Walmart salaries revealed: from up to $200,000 for an engineering role to $74 hourly rates for pharmacists
Walmart pays some engineers up to $200,000 — at least in Colorado.
To determine how much Walmart pays employees, the Wall Street Journal analyzed 5,000 job offers at major companies posted in the state between August and October, after Colorado began mandating employers disclose hourly or salary compensation or range in all job postings. The state's legislators passed the law to ensure equal pay for equal work. READ MORE
Supreme Court to hear Northwestern 403(b) fee case: Why it's important to all plan sponsors
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
U.S. SEC issues guidance on corporate share-based executive compensation
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
As human capital grows scarce, flexible compensation can help attract and retain talent
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 insiders sell a record $69 billion of their stock, and the year isn’t over yet
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
13 In-Demand, High-Salary Skills Every Tech Professional Needs To Know About
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
Before 2021 Ends, Ask Your Boss For A Big Salary Increase To Compensate For The Rapid Rise In Inflation
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
New laws are forcing employers to share salary details with applicants
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
CEO Fined Over Undisclosed Perks
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
It’s important to understand all your options with a deferred compensation plan
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
Is the Four-Day Workweek Finally Within Our Grasp?
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
This UK bank has moved to a four-day work week without cutting pay
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
Wage inflation's unintended consequence — rise of the robots
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
Nurse salaries on the rise in response to increased demand
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
Research reveals Apple salaries for engineers, developers, and 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
Exec Comp Philosophy Guideposts and Foundations
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
New Laws Are Forcing Employers to Share Salary Details With Applicants
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
Using a Non-Compete to Create a Substantial Risk of Forfeiture Under a Section 457(f) Plan: Limited (But Meaningful) Opportunities
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