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Insider’s global editor-in-chief Nicholas Carlson is on a mission to "demystify people's salaries," as long as it isn't his own, it seems.
Carlson announced on Tuesday that Insider would be launching a new initiative focusing on pay transparency with a "series that demystifies people’s salaries," and encouraged his Twitter followers to support the effort by submitting their salary histories. READ MORE
Interviewing for a new job can be exciting — every conversation is a chance to say exactly what you want in a new role or company, and to make the case for why you deserve it. But one thing that can trip up even the most enthusiastic candidate is figuring out how to discuss money in job interviews. READ MORE
Higher compensation is part of the ransom for dealing with the pandemic for most American companies and industries. So salaries, wages, benefits and perks will cost them more—perhaps a lot more—in the year ahead.
The way CEOs and CHROs can make sure the Great Raise works to their companies' advantage is to be proactive, creative and equitable about it. Yet they also must weigh strategically the demands of the moment with their long-term compensation strategy. READ MORE
The news of tech stocks tumbling and crypto declines has been hard to avoid.
This week has added to what has become a bad start to 2022 for many public tech companies. The decline—brought about by rising inflation and global tension—has affected the share prices of everything ranging from tech stalwarts like Microsoft and Google, to much younger, sexier names like Zoom, Tesla and Peloton. Thus far this year, the Dow Jones Industrial Average is down about 5 percent and the Nasdaq Composite, a good indicator of tech prices, is down more than 12 percent. READ MORE
While Americans rang in 2022, small businesses across the country braced for a gut punch to their budgets. Twenty-two states raised their respective minimum wages on January 1 and another three are scheduled to do the same later this year. Additionally, more than 50 cities and counties are jumping on the bandwagon. READ MORE
The pandemic has seen workers move away from expensive places like Silicon Valley and New York City and take jobs in new, more affordable cities. What regions should you consider? Dice looked at salary trends in 2021 and revealed some of the top places for tech workers in search of high salaries to live. READ MORE
As we continue our review of FY 2021 SEC enforcement activity, we turn our attention to a topic that, if not already a key focus for publicly traded companies, should be. As part of their effort to recruit and retain leadership, public companies often provide benefits to their executives beyond salary and performance-related bonuses, such as use of a corporate aircraft, car allowances or country club memberships. READ MORE
Employers looking to create more equitable workplaces are expected to embrace the policy of full transparency around salaries. READ MORE
Bank of America is handing out $1 billion worth of restricted stock to virtually its entire workforce as the bank seeks to gain an upper hand in the war for talent.
In a memo shared exclusively with CNN, Bank of America CEO Brian Moynihan said Tuesday the company is for the first time opening up its stock awards program to lower-level employees who make up to $100,000 a year. In the past, those employees received a one-time cash bonus. READ MORE
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
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