Restricted Stock: A Key Element in Incentive Compensation for Bank Executives

For banks seeking to attract and retain the best talent, restricted stock has become a popular alternative for providing incentive compensation to bank executives. Restricted stock may take the form of either a restricted stock award (RSA) or a restricted stock unit (RSU). Both have significant retentive value, but they have important differences that affect the interest of the executive. READ MORE

Working remotely in a different state than your employer? Here's what that means for your taxes

If you're among the employed Americans who were allowed to work remotely during the pandemic last year, count your blessings. But if you worked from a state other than the one where your employer is based, you may have to pay up for that privilege come tax time.

Here's why: You are now going to be subject to the income tax rules of two or more states (depending on how many states you worked from remotely last year). READ MORE

The minimum wage would be $61.75 an hour if it rose at the same pace as Wall Street bonuses

The federal minimum wage in the United States has not risen since 2009. It was set at $7.25 an hour that year, and remains so today in 2022. Wall Street bonuses, on the other hand, have risen steadily. And now a report from Inequality.org shows that if the federal minimum wage rate increased at the rate of the bonuses traders get, the starting wage for Americans would be set at $61.75. READ MORE

Google execs cornered by employees at all-hands, demanding to know why Amazon and Apple are paying more

The zeitgeist of Google is angry about compensation.

Or should that be the “Googlegeist?”

That’s the name of an annual survey, and Google released the results of the latest edition earlier this month. Though it found that an overwhelming majority of employees are satisfied with the company’s mission and values, as of January, just a little over half said they believed their compensation packages are competitive, a number down from last year. READ MORE

Work friendships aren’t surviving the pandemic. Here’s how that could mean higher pay.

Now, it’s the work friend.

In a survey of almost 1,000 employees by Capterra, a subsidiary of Gartner, just 11% of people ranked relationships with coworkers within their top three factors for job satisfaction. Fifty-two percent of remote employees said having friends on their team was minimally or not at all important. To that end, nobody wants virtual social events, either.  READ MORE

The Entirely Predictable Impact of Salary Transparency

On March 8, companies in the UK jumped on social media to promote themselves during International Women’s Day—posting about how strong and inspiring their female employees are and how hard they have worked to break biases in the workplace. But GenderPayGapBot, a Twitter account run by Manchester-based copywriter Francesca Lawson and her software developer partner Ali Fensome, had other ideas. READ MORE

A Primer On Salary Negotiations For Job Candidates

When do salary negotiations begin? To me they begin in the mind of the offerer and also in the mind of the offeree. In this scenario, the offerer's role is as the employer and the offeree is the candidate for employment. Why am I winding back salary negotiations to thoughts in each party's mind? To be a successful offeree or offerer, you have to know who you are working with on the other side of the proverbial table. READ MORE

SEC Reopens Comment Period for Pay-for-Performance Proxy Disclosure

Dodd-Frank was enacted to address financial stability after the 2008 financial crisis by requiring accountability and transparency of SEC registrants.¹ Certain Dodd-Frank provisions required rulemaking by the SEC in order to be implemented. In particular, Section 953(a) of Dodd-Frank (which added Section 14(i) to the Securities Exchange Act of 1934) requires the SEC to adopt rules for requiring registrants’ proxy statements to describe the relationship between the executive compensation actually paid and the financial performance of the company. READ MORE

The OFCCP’s New Compensation Directive: A Lot Below the Surface

The Office of Federal Contract Compliance Programs’ (OFCCP) new Directive 2022-01, concerning federal contractors’ “obligation to conduct in-depth compensation analysis,” raises issues that will take time to sort out.

The Directive seeks to define federal contractors’ obligations for pay equity self-review under 41 CFR 60-2.17(b)(3), the ‘supply and service’ regulation outlining the gender-, race-, and ethnicity-based affirmative action obligations they must satisfy. READ MORE