You saw the many cryptocurrency-related Super Bowl ads, and maybe you found them weird, or deeply dystopian, or just disturbingly familiar. Nevertheless, perhaps you believe the blockchain has financial rewards left to reap and want to jump in, or you’ve already got some of your money tied up in cryptocurrencies via companies like Coinbase and FTX that were advertising during the big game. READ MORE
Workers are quitting because they want higher wages. Employers are finally starting to listen.
For months, a common refrain has been that nobody wants to work anymore.
Billionaire Kim Kardashian was the latest to declare that "it seems like nobody wants to work these days" in an interview with Variety, immediately sparking online backlash.
Anecdotally, you may have experienced a longer wait than usual for coffee, an unexpectedly closed dining room, or your favorite restaurant closing earlier than usual. READ MORE
Meta employees say goodbye to perks
Meta employees scheduled to return to the office on March 28th will have to find another place to take their dirty laundry. Facebook’s parent company is cutting its free laundry and dry-cleaning service and pushing back dinnertime to a later hour, reported the New York Times. It’s a change in response to the new hybrid work schedule at Meta, where most employees will still be working from home at least a few days of week. Fewer time in the office equals fewer office perks, or at least that’s the logic of Meta leadership. But for many employees at Facebook, Instagram, Reality Labs and other Meta companies, it’s an unwelcome hassle at what is normally a grueling work environment. READ MORE
Mayor Lori Lightfoot warns police and other city employees will lose pay if they don’t get 1st COVID-19 vaccine by Sunday
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
Offer Indirect Compensation Methods That Employees Crave
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
Appropriately Factoring Risk into Executive Compensation
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
Are you middle class? Use this cost-of-living calculator and map to find out
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
The Best US Cities For High-Paying Software Engineer Jobs In 2022
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
Reasonable Compensation Meets The Principal Shareholder of a C Corp
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
‘It’s not worth it’: rising gas prices force drivers to work for less than minimum wage
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
Employers should include salary range in job listings
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
What to Expect From the 2022 Proxy Season
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 investors staged 2021 revolt over exec pay
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
5 Job Factors That Are More Important Than Compensation
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
409A share valuations called more flexible than many CFOs believe
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
Aligning Incentives, Performance Metrics and Strategic Objectives
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
Equity Compensation Plans a Key Weapon in Talent Wars
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
New Approaches To Retain Talent Beyond Financial Compensation Alone
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
ESG Metrics and Executive Compensation – What to Consider to Do It Right
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 shareholders approve CEO Cook's annual compensation, civil rights proposal
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