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Mayor Lori Lightfoot will put Chicago police officers and other city workers who don’t get their first dose of the COVID-19 vaccine by Sunday on nondisciplinary no-pay status, her administration said late Friday.
The city will also consider disciplining workers, though it will be dealt with on a case-by-case basis as the Lightfoot administration balances its public health policies with staffing problems in the Police Department. READ MORE
Say you have a friend who is deciding between two different job offers. The first organization is offering your friend a high salary and a standard benefits package that includes health insurance and employer contributions to a retirement account. The second organization is offering a lower salary, but in addition to standard insurance and retirement benefits, your friend would have the flexibility to work from home, gain access to an on-site fitness center, get free lunches every day, and receive a company laptop and cell phone. READ MORE
It’s time to do a better job of factoring risk into executive compensation.
We are barely three months into 2022 and we are faced with yet another “one-in-a-hundred-year” risk event with the Russian invasion of Ukraine, and the related economic sanctions. This on top of a two-year multi-variant global pandemic, violent social unrest, supply chain disruption, an intense war for talent, inflation, massive wildfires and other environmental disasters — to hit the highlights. READ MORE
It’s not just gas.
With inflation worse than it’s been in four decades, the price of just about everything is going up these days. That means even if you’re one of the lucky Americans who got a raise last year, your total income may not be going as far as it once did. READ MORE
Software engineers looking to make north of $200,000 in total compensation per year should know about the best cities to earn top compensation in the United States.
From cities in California and Washington state to New York and Massachusetts, anonymous professional social network Blind analyzed the base salaries and total compensation of software engineers depending on what U.S. city they worked in. READ MORE
The shareholders of C corporations have long sought legitimate operational and transactional structures by which they may reduce the double tax hit that is realized when such a corporation distributes its after-tax operating profits or its after-tax sale proceeds to its shareholders. READ MORE
By Tuesday afternoon, Lyft driver Elida Zabaleta had earned $100 in the five hours she spent ferrying passengers across the city of San Jose. With gas prices in California surging, she’d have to use more than half of that to cover fuel for the day, leaving her with just $45.
The rising cost of gas has made a difficult job all the more difficult, Zabaleta said, forcing her to spend more time behind the wheel to earn enough to afford living in one of the country’s most expensive cities. READ MORE
If you’re struggling to hire during the Great Resignation, perhaps you should update your job listing. Start by adding the salary range – not only will it attract more interest, but also, it’s becoming mandatory in some parts of the United States. READ MORE
If Apple’s (AAPL) example is any indication, the customary springtime challenge between shareholders and corporate boards known as proxy season will result in more concessions by management this year.
On March 4, only 64% of shareholders voted to approve Apple’s executive compensation plan, with naysayers including Norway’s $1.3 trillion sovereign wealth fund, which owns 1% of Apple’s shares. READ MORE
IBM moved to appease shareholders that last year revolted against executive compensation proposals when they contested the massive one-time equity award granted to former Red Hat boss Jim Whitehurst.
Whitehurst, who was made IBM President following Big Blue's $34bn buy of Red Hat, was to be handed a compensation package of more than $27m last year, including $22.4m in stock awards. This upset investors. READ MORE
What do employees really want from their employers? Lavish perks, ranging from shorter workweeks to signing bonuses, are currently being used by various companies to attract workers. Companies recruiting employees, however, might want to look beyond using the carrot-and-stick approach to recruit and retain talent. READ MORE
Striking a balance between investors and employees when having a 409A valuation conducted on a company’s share price is more manageable than many CFOs think, a valuation specialist says. READ MORE
How clear is the line of sight between your performance pay programs, strategically linked performance metrics and the organizational strategy? Do your managers see these performance measures as they really are (imperfect proxies for larger, intangible strategic constructs), or do they focus on the performance measures themselves as the ultimate goals? READ MORE
Amid the “Great Resignation,” equity compensation has become more critical for public and private companies competing for talent across the globe, according to the latest proprietary research report from Morgan Stanley at Work.
To gain an edge, the report finds companies are rolling out creative solutions in their plan design to improve retention. READ MORE
We continue to stand at a crossroads in the world of work. As a result of the past two years of adapting and evolving, organizations globally have charted new business and talent strategies, and this has had a significant impact on the direction of reward programs. During this time, Korn Ferry has gathered insights into how organizations are adapting their reward programs in response to a rapidly changing world. READ MORE
Environmental, social and governance (ESG), sustainability and corporate responsibility matters touch every area of a business, and the breadth of related metrics is expansive. Most organizations have done some work in this realm. But many find the amount of change, data and transparency needed to be overwhelming. Each aspect of an ESG program is complex, and organizations seeking to make progress may struggle with how to implement it effectively. One trend we see increasing is organizations linking performance in ESG metrics to executive compensation. This strategy is one way for businesses to show ESG is being prioritized and aligned with business goals – but this conversation is not without nuance. READ MORE
Apple Inc (AAPL.O) shareholders approved Chief Executive Officer Tim Cook's annual compensation in a virtual meeting on Friday, and voted in favor of a proposal urging Apple to oversee a third-party civil rights audit of the company's policies and practices.
By approving Cook's pay package with 64.4% of votes cast in favor, investors rejected some concerns, including from proxy advisory firm Institutional Shareholder Services (ISS), over the magnitude and structure of his equity award. ISS had urged shareholders to vote against the pay package. READ MORE
In an era where TikTok stars outearn scores of CEOs of top earning publicly traded companies, executive compensation is no less important to the investing public or to companies striving to attract and retain top talent. Indeed, just this year the CEO of Starbucks received a 39% pay increase. Such soaring executive compensation has not escaped the notice of the SEC. READ MORE
Stock-based (equity) compensation has become more critical for companies competing for talent, new research shows.
Financial services provider Morgan Stanley at Work's new The State of Equity Plan Management 2022 Report is based on an October 2021 survey with responses from 408 leaders responsible for managing equity plan compensation programs at public and private companies with at least 100 workers. (Private companies may issue stock and have shareholders, but their shares do not trade on public exchanges.) Respondents included chief executive officers, chief financial officers and chief HR officers, among others. READ MORE
Companies’ most frequent response to “the great resignation” is to raise pay. In fact, average increases were around 3% at the end of 2021, and many employers are planning to raise increases this year.
These small-looking percentages disguise how many dollars they represent among corporations and within our economy as the total jump in percentage increases they represent equals 54%. READ MORE
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