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When Victoria Walker traveled to the Caribbean this week, her plan was to unplug.
For three days, she'd relax on a beach in Saint Kitts, drinking mimosas and listening to the waves crash against the shore, in part to celebrate a new chapter in her life: The 28-year-old had left her job as a senior travel reporter for the Points Guy, joining millions of people in the "Great Resignation" sweeping the U.S. workforce. READ MORE
Negotiating salary for a new job is stressful. The chance to do so only happens every so often, and when the moment comes, it feels both high stakes and extremely personal. READ MORE
It started with a simple question: Do bilingual MBA grads make as much money as those that only speak English?
It was a random salary question asked by a commenter on a YouTube video my business partner and I were watching during a break from work, but it left us scratching our heads. READ MORE
For many people, wanting a bigger salary is a major motivating factor for looking for a new job. While it’s not the only consideration, if you can earn more money doing the same work elsewhere, it’s worth at least exploring your options. But to do that, you first need to believe in the possibility of being paid more for the same work. READ MORE
With a challenging job market and an ever-present skills gap within the security industry, prospective employees and students determining their career trajectories want to know: “What does the compensation look like?” While salary and compensation won’t prevent burnout or reduce on-the-job stress levels, it’s certainly an important metric within the industry that allows security peers to see where their position lies within the average. It can also be an attractive selling point for recruiting others into the industry. READ MORE
SEC Commissioner Alison Herren Lee recently availed herself of the opportunity presented by the re-opening of the comment file on the Dodd-Frank rule "requiring companies to disclose the relationship between executive compensation actually paid and the financial performance of the company" to invite comments opining on "performance metrics related to, for example, climate, diversity, and other company-specific ESG goals." In other words, SEC Commissioner Lee has used her platform at the SEC to provide public support for the notion that executive pay at regulated companies should take into account the implementation of ESG goals. READ MORE
The SEC published in the Federal Register a reopening of the comment period on a proposal to amend the executive compensation disclosure rule ("Item 402 of Regulation S-K"). The new deadline for comments is March 4, 2022. READ MORE
WorldatWork's "2021 Total Rewards Inventory Programs & Practices" survey reveals compensation practices are starting to return to normal at most organizations. Market-based adjustments (not COLA) are rising to pre-pandemic levels and, similarly, hazard/call-in pay are beginning to level back down. READ MORE
Lots of workers are getting raises, but for many, the pay hikes won't buy them more at the grocery store or car dealership. In fact, wages are behind where they were when the pandemic began, if you take rising prices into account. READ MORE
A federal judge has dismissed a lawsuit by Colorado rafting outfitters who object to paying a $15 hourly minimum wage to seasonal employees under a new federal rule, rejecting their argument that their permits to use federal land for overnight trips don’t make them federal contractors who must pay the wage. READ MORE
Americans' paychecks continued to rise at the end of 2021. But along with that, so did prices.
Compensation for American workers climbed 4% between December 2020 and December 2021, marking the biggest increase since the fourth quarter of 2001, according to the Bureau of Labor Statistics. READ MORE
The federal government, led by the U.S. Department of Labor, is moving forward on implementing the provisions of President Biden’s Executive Order 14026, which was signed in April 2021. Most new federal government contracts or contract extensions awarded after January 30, 2022 will require contractors—and subcontractors—to pay their service and construction workers at least $15/hour. READ MORE
Pay equity, or the desire to achieve it, has been a hot topic for employers in the United States in the past several years. Due to a recent increase in legislation in many states and local jurisdictions, pay equity no longer just means ensuring women and other marginalized groups are being paid similar to their male counterparts who are performing similar jobs. READ MORE
Public companies in the United States would be required to disclose how the pay of their top executives squares with their overall performance under a Securities and Exchange Commission rule proposed on Thursday. READ MORE
The pandemic has upended millions of American lives, and for many has made them reconsider priorities around work.
That’s prompted many to quit jobs amid the so-called Great Resignation. In November, a record 4.5 million workers left their jobs, according to data from the Labor Department. READ MORE
Bitcoin prices slipped to a six-month low on Monday. This is bad news for anyone who has invested in crypto, including a motley group of politicians, celebrities, and athletes who’ve recently announced that they’ll accept their paychecks in cryptocurrency. READ MORE
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
SoftBank Group Corp. Chief Operating Officer Marcelo Claure is making preparations to depart the Japanese conglomerate after clashing with founder Masayoshi Son over his compensation and responsibilities, people familiar with the matter said. READ MORE
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