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Millions of American are quitting and starting new jobs at record pace while openings remain at an all-time high, and employers are at a loss over how to solve the talent crisis.
Some 6.7 million people were hired into new jobs in February, according to the Labor Department’s latest Job Openings and Labor Turnover Survey, with the biggest gains happening in construction. READ MORE
Sen. Joe Manchin (D-W.V.) said Tuesday he would not support President Joe Biden’s proposed “minimum tax on billionaires,” which would impose a 20% minimum tax on households worth over $100 million and would target unrealized gains, the second time in five months Manchin has opposed the administration’s efforts to realize a dramatic targeted tax increase on the richest Americans. READ MORE
Intel Corp Chief Executive Officer Pat Gelsinger earned 1,711 times the average worker at the U.S. chipmaker in just 11 months since he joined in February last year, a regulatory filing showed on Wednesday.
Compared to Gelsinger, former CEO Bob Swan had earned 217 times more than the average Intel employee in 2020. READ MORE
The 2022 proxy season is now in full swing. Over the next two months, thousands of U.S. public companies will file proxy statements highlighting trends pertaining to their governance practices, including those related to executive compensation. In this post, Equilar examines a sample of early DEF14A proxy filings from Equilar 500 companies—the 500 largest U.S. public companies by revenue—as of March 18, 2022, to offer a preview of how executive compensation was structured in 2021, as well as key trends to watch through the remainder of proxy season. READ MORE
Top diversity, equity and inclusion (DEI) employees at major public universities earn massive six-figure salaries for leading initiatives that some experts found to be ineffective and instead enforce a "political orthodoxy." READ MORE
Stock based compensation admittedly is a rather dull topic, however in the current environment filled with unprofitable companies, high inflation and looming rate hikes, I believe it is certainly something worth talking about. READ MORE
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
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
Sales compensation is a complex pay program crafted to reward sellers for sales outcomes. Sales compensation designers apply a set of uniform principles to each unique job to arrive at the best incentive plan design. READ MORE
The working and middle classes are having a hard time. Runaway inflation hitting record highs serves as a vicious cruel tax. Everything from food to gas prices has surged. Inflation is running at nearly 8%. This means your paycheck is worth less, as everything costs more while your wages stay stagnant. READ MORE
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
In 2020, with the economy reeling, chief executives of struggling companies got their boards to move bonus goal posts and hand out “retention” awards to protect their fat paychecks while their workers lost jobs, income, and lives. READ MORE
Americans for Tax Reform President Grover Norquist squashed President Biden's claim that his new minimum billionaire tax will only impact the rich, arguing that it will also hit the middle class. READ MORE
It’s the dreaded question in a job interview — how much do you expect to make? But, as of this May, new salary-transparency laws in New York City will change the way that the awkward topic is broached by both job seekers and employers. READ 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
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 Tax Court recently found that there's indeed a limit on the tax deductibility of wages paid to employees by the employer.
What constitutes a “reasonable” compensation for this purpose? It depends on the particular circumstances. Traditionally, the courts have relied on several key factors to make a determination if compensation is reasonable or not. READ MORE
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
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