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Restaurant chain Bar Louie revamped its benefits program for general managers, offering rewards from profit-sharing bonuses to three-week sabbaticals, in order to try and combat the coronavirus-related labor crunch.
Bar Louie, like the rest of the industry, has been grappling with labor challenges, CEO Tom Fricke told FOX Business. READ MORE
It's been a rough start to 2022 for the world's richest person. He's not too worried, though.
Elon Musk's holdings of Tesla stock have lost about $30 billion this year through Monday's close, as the stock slid 12%.But the next 12 months could be the most lucrative ever for Musk. If analysts are correct, Tesla will report strong financial results this year that will net Musk billions of dollars in stock awards. READ MORE
Goldman Sachs’ chief economist said it would be difficult to sustain wage gains of 5% to 6% without causing “meaningfully high” inflation.
Jan Hatzius told CNBC on Tuesday that the pace of wage increases in the U.S. needs to slow down, as inflation heats up and becomes a central focus for the Fed and markets alike. READ MORE
On-demand pay, also known as earned wage access, is no longer just a want but a need of employees across the country. Gone are when employees had to wait two weeks to receive the money they had already earned. On-demand pay gives employees immediate access to their earned but unpaid income between pay periods, effectively eliminating the traditional payday. READ MORE
We know that the rise of the remote worker has been going on for some time.
COVID-19 has accelerated the push, to say the least. The arrival of the coronavirus pandemic forced millions of American employees to transition to remote work on a dime, with many deciding they’d like to continue working remotely for the long haul. READ MORE
Although there is an SEC open meeting scheduled for this week, the commissioners won’t be taking up any proposals from Corp Fin at that meeting (see the agenda). That’s a little puzzling given that the SEC’s agenda for Corp Fin was near to bursting, especially for highly anticipated disclosure proposals on climate and human capital, among other things. READ MORE
Long hours and an unusual pay structure are credited for attrition challenges. READ MORE
After years of barely budging, wages are finally up. But the same strong recovery that is emboldening workers is also driving up inflation, leaving most Americans with less spending power than they had a year ago. READ MORE
A "widespread hunger" for technology professionals has see the average salary for technologists in the US hit a record high of $104,566 in 2021 – and yet, nearly half of tech workers feel they are underpaid.
The latest Dice Tech Salary Report found that 61% of technologists received a salary increase last year, up from 52% in 2020. Web developers saw the biggest increase in pay, shooting up by more than a fifth (21.3%) to $98,912, while the highest salaries were demanded by IT management, whose pay rose 6% to $151,983 between 2020 and 2021. READ MORE
The new year ushered in new laws in states and cities across the U.S. requiring companies to post salary ranges on jobs, refrain from asking about job candidates’ salary history, and more. Christine Hendrickson, vice president of strategic initiatives at Syndio, a tech company that helps employers analyze pay data, details some of the new laws and what employers must do to comply. READ MORE
The Securities and Exchange Commission (SEC) recently signaled a renewed interest in implementing the incentive-based compensation recovery (clawback) provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) by reopening the comment period on proposed regulations it issued more than six years ago, but never adopted. READ MORE
Federal agencies are being directed to raise the minimum wage for government employees to $15 an hour, according to new guidance from the Office of Personnel Management. READ MORE
A major trucking firm in the U.S. just enacted a major pay increase for its drivers – the largest in the decades-old company's history, in fact.
KLLM Transport Services is boosting pay up to 33% for its over-the-road truckers and for trainees coming out of its academy, while regional company drivers and independent contractors will see a hike of 10 to 16% starting next month. READ MORE
The question asked by Nina Strohminger to her students at the Wharton School at the University of Pennsylvania was straightforward: What did they think the average American makes in annual wages? READ MORE
On Jan. 13, a Senate committee voted in favor of David Weil's nomination to be the U.S. Department of Labor's (DOL's) wage and hour administrator, a position he held during part of the Obama administration. Now his nomination moves to the full Senate. We've gathered articles on the news from SHRM Online and other outlets. READ MORE
Prevailing wage laws for government service contracts can uplift wages and benefits; reduce racial pay gaps; and could have a range of positive effects on worker turnover, service quality, local budgets, and collective bargaining. READ MORE
Investor losses resulting from stock market crashes have driven most major turns in corporate governance. In this century, director independence and audit/accounting assurance came into focus after the dotcom bubble and Enron; executive compensation and shareholder influence took center stage after the Financial Crisis.
Today's fixation on ESG/DEI is different. READ MORE
Generous and specific financial incentives can help drive and sustain a rapid performance improvement. Seven principles can assist in delivering the maximum benefit during a transformation. READ MORE
Stanford has released its 2021 MBA employment report, the last top school to do so
As we’ve seen in the release of employment reports from top-25 programs throughout fall and winter, the pandemic whirlwind has failed to cause long-term damage to job prospects for MBAs from elite business schools. If you want further evidence, take it from the top top program: Stanford Graduate School of Business. READ MORE
Tech career marketplace Dice (a DHI Group, Inc. brand (NYSE: DHX)) released its 2022 Tech Salary Report, showcasing salary increases for technologists nearly across the board, including the highest average salary ever recorded by The Dice Tech Salary Report ($104,566, up 6.9% year-over-year). READ MORE
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