Momentum builds for salary transparency

New York City will soon require employers to supply a salary range when they're advertising a position — the biggest step yet in the growing but controversial movement for pay transparency.

Why it matters: Laws like New York's aim to give workers, particularly women and people of color, more power in job negotiations. But the rise in remote work is throwing a wrench into the effort. READ MORE

Insider's editor in chief panned for refusing to reveal his salary after calling for pay transparency

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

12 Case Studies of Companies that Revised How They Compensate Employees

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

Public Market Tumult Likely Will Make Its Way To Venture—But It May Take A While

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

The SEC's Ears Remain Perked for an Abundance of Executive Perks

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

Bank of America is giving workers $1 billion of stock

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

Elon Musk is about to get a lot richer

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