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As hiring demand continues to rise, the average starting salary for the college Class of 2022 is projected to be more than $50,000.
However, current college students can earn more than twice that after they graduate depending on the college and area of concentration. READ MORE
There's never been a time in history when a higher salary didn't seem like an attractive prospect. But with costs of living rising and inflation soaring, it's more important than ever to ensure you're being fairly compensated for your work. If you're a director, VP or executive, you should have all the skills and experience needed to secure a good wage — yet many people shy away from negotiation out of the fear it will result in them losing the offer.
Sound familiar? Let's break down the art of salary negotiation. READ MORE
Sheri Scavone said she was “incredibly” underpaid for a long time at the start of her career, but she didn’t know it.
She went on to work for a large medical institution and then saw the same thing happening to others firsthand, especially due to what she believed to be gender discrimination. READ MORE
A company's success depends on its people — especially when it's transitioning from private to public. As part of the IPO process, many startups use equity compensation as one way to attract and retain early talent. But it’s crucial to create a comprehensive, detailed plan covering everything from regulatory compliance and employee communications to ensure your equity compensation plans are ready to get you to, through, and beyond IPO. READ MORE
The Wall Street Journal has compiled an interesting dataset that reveals what the median average salary of workers at most S&P 500 companies was for 2021. The figures ranged from almost $300,000 per year to a low of $7,400. READ MORE
Contrary to a belief of some corporate governance experts, the impact of ESG metrics reduced annual incentive payouts for 2021, according to a just-released study by Pay Governance, a premiere board-level executive compensation firm that advises the boards of many prominent publicly traded companies.
“Critics of including ESG in incentive plans have suggested executives were embracing this trend to increase incentive payouts, but those predictions do not hold true when you look at the details,” said Pay Governance Managing Partner Ira Kay. READ MORE
Sixty-three percent of executives plan to make compensation adjustments in response to high inflation, according to a survey by Gartner, Inc. In March of 2022, Gartner surveyed 157 executives to understand how they are addressing inflation concerns.
A similar survey in April 2022 of 150 executives also showed only one in five organizations are planning for more frequent salary reviews to account for inflation or increasing cost of living expenses. READ MORE
To say that cryptocurrency is in the headlines is a bit of an understatement. In late April, Fidelity announced that it would allow the 23,000 employers who operate their 401(k) plans on the Fidelity platform to include bitcoin as a permissible investment alternative—in the face of a recent Department of Labor pronouncement that doing so is a glaringly bad idea from the perspective of the fiduciary obligations that inform how 401(k) plan investments are to be selected. READ MORE
The term “unexplained” doesn’t appear too often in official government documents, unless they are dealing with possible paranormal events, like UFOs. Yet the reference is sprinkled throughout the Congressional Budget Office’s latest budget and economic outlook to describe the recent strength in federal tax receipts that’s blown away prior estimates. READ MORE
There’s a recent uptick in states swapping tiered income taxes for a flat tax, charging the same rate to all residents, regardless of earnings.
Over the past 100 years, only four states have changed from graduated rates to flat taxes, according to the Tax Foundation. Another three states — Iowa, Mississippi and Georgia — passed legislation to make the shift this year. READ MORE
Pay packages for the women who run S&P 500 companies jumped in 2021 as the economy recovered and stock prices and profits soared.
Median pay for the women occupying the corner office rose to nearly $16 million, according to the annual survey done by Equilar for The Associated Press. Still, experts say gender diversity falls short in the corporate ranks. READ MORE
Gen Z workers are raking in the pay these days.
Bank of America found that Gen Z customers (up to age 25) have seen a 19.9% pay increase over the past year, according to an analysis released Tuesday. That’s nearly double the 9.2% average increase the bank found workers overall experienced between May 2021 and April 2022. READ MORE
The new starting pay for hourly workers at Apple is $22 an hour — at least — after the company increased its compensation budget, according to The Wall Street Journal.
Target made a similar announcement back in February. This all tracks, of course, because wages are still rising in this economy as employers across the board feel pressure to pay more. How long that pressure might last, however, is an open question. READ MORE
Let us now praise fast food workers.
At a time when the media paints heroic depictions of well-salaried office employees quitting their jobs to pursue their passions, some 2.6 million people still toil at White Castle, Burger King, Carl’s Jr., and the outlets of other fast food chains in the United States alone. They work late nights and early mornings (sometimes in succession) and face a greater risk of being murdered on the job than cab drivers or liquor store employees. What’s more, they often work for free. READ MORE
The MBA program at Harvard is one of the most prestigious in the world—but what does a Harvard MBA salary actually look like? We take a deep dive into Harvard employment data to find out. READ MORE
Reddit is rallying behind a person who felt guilty after revealing their salary to their high school classmate who's now working towards his Ph.D.
Posting to the r/AmITheA**hole subreddit, stylized "AITA," u/Tiny-Alps-334 earned over 4,200 upvotes and 400 comments for their post, "AITA for bragging about my salary to someone, who tried to shame me for my career choice?" READ MORE
Despite the tech industry’s notably low unemployment rate—paired with strong employer demand for all kinds of tech skills—dozens of tech companies have announced layoffs in recent weeks. Still others have announced hiring slowdowns at least through the end of the year. What’s going on here? READ MORE
Pay packages for the women who run S&P 500 companies jumped in 2021 as the economy recovered and stock prices and profits soared.
Median pay for the women occupying the corner office rose to nearly $16 million, according to the annual survey done by Equilar for The Associated Press. Still, experts say there’s much more to be done to improve gender diversity in the corporate ranks and close the pay gap between men and women. READ MORE
The woes of Big Four employees are well known. Last year, a consultant at one firm told eFinancialCareers, “we work front office hours for a back office salary.” Then, when the Big Four hiked wages in the wake of rising investment bank pay, employees found they still earned considerably less than their counterparts at banks. Now, a junior auditor in London is facing a £50k ($63k) fine for his role in Carillion’s accounting scandal. Looking at 2022 H1B Visa Data for Big Four employees in New York – which show the base salaries for workers requiring visa sponsorship, i.e. foreigners – the monetary sorrows don’t appear to be going away. READ MORE
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