Your Custom Text Here
House Speaker Nancy Pelosi, D-Calif., commented on new Department of Labor data Tuesday showing the wage gap burden on women – especially on women of color – and how the coronavirus pandemic disproportionally left more women and moms jobless.
The data release coincided with an Equal Pay Day event at the Capitol on March 15 – the date that women in the United States must work until to be paid the same amount men were in the prior year. READ MORE
Chipotle, McDonalds, Caterpillar, and other companies are increasingly tying executive pay to environmental, social, and governance goals as more investors, regulators, and activists scrutinize corporate behavior.
Executive pay is usually tied to meeting key financial metrics, such as profit margins or return on equity for shareholders. Now, companies are calculating portions of executive pay by factoring in goals such as carbon footprint reduction, employee wellness and retention, and supporting human rights. READ MORE
As we hit the two-year mark of the pandemic, we can reflect on how immensely the world of work has changed over the past 24 months. From the shift to remote and hybrid work to the Great Resignation and the unpredictability of what the world will look like just a month in the future, there have been massive adjustments to the workforce that will likely not change when we reach a more stable “new normal.” READ MORE
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
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 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 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
Quisque iaculis facilisis lacinia. Mauris euismod pellentesque tellus sit amet mollis.