Employees Are Accepting Lower Pay In Order To Work Remotely

In 2020, office workers were liberated from their cubicle farms and nasty commutes, as companies embraced what was supposed to be a temporary experiment with remote work while the pandemic raged. Approaching three years later, more than a third of American workers say they're still able to work from home full time, and almost a quarter say they can do so part time, according to a recent poll by McKinsey & Company. In total, almost six in ten of the 25,000 Americans polled said they could work from home at least one day a week. READ MORE

How To Win a Reasonable Compensation Claim From the IRS

This is a true story. Names and identifying details have been changed to protect the innocent.

Nancy had a feeling that $40,500 was a good reasonable compensation figure for her as owner of Nancy’s Nail Salon. She didn’t have any facts or data to back it up, but she wasn’t trying to get away with anything either. Her accountant thought it felt right, too. Who would check, anyway? Nancy just wanted to get back to the salon and keep making money. Her accountant jotted down $40,500 and reported that to the IRS.

Turns out Nancy’s feeling was correct. READ MORE

Biden White House unveils salaries of all employees — here's what they are

President Joe Biden's administration unveiled the annual salaries for all of its White House employees Tuesday, sending the list of all 474 employees to Congress.

The salaries range from $0 per year to $180,000, with the vast majority of employees making over $100,000. White House press secretary Karine Jean-Pierre is one of 24 employees who make the maximum $180,000, alongside domestic policy adviser Susan Rice and a smattering of other legal and policy advisers. READ MORE

Most essential workers have seen their pay increase during the pandemic — but many still don’t believe they’re being paid a fair wage

Pay for essential workers is rising, but many say it’s still not enough. 

Some 29 out of 30 essential-worker roles in industries such as public safety, food service, construction, maintenance and social work had a pay increase from 2019 to 2022, according to a report by compensation management platform Payscale.  READ MORE

9 cloud jobs with the biggest salaries

There’s no doubt that the pandemic shifted gears up a notch for government departments and businesses when it came to cloud adoption. Those who had already put strategies in place thanked their lucky stars — it was relatively straightforward to send teams home, and work could more or less seamlessly carry on with a few adjustments. READ MORE

Experts say disclosing your salary is crucial for better wages, but American workers still don't want coworkers to know how much they earn

The experts are clear when it comes to whether you should disclose your salary: Information is power. But according to new data from LinkedIn, many American workers are still reluctant to talk about how much money they earn. 

Millennials in the workplace have long been viewed as a cohort that is more open about salary information than their predecessors. Over the years, a number of companies, like Whole Foods Market, even followed the trend around transparent pay, encouraging internal conversations about salaries among workers. READ MORE

3 Ways to Attract and Retain IT Talent in 2022 and Beyond

In 2021 and 2022, the IT labor market has significantly tightened, making it very difficult to attract and retain talent. It’s no wonder that the Gartner Global Labor Market Survey consistently shows compensation is the No. 1 driver for IT talent attraction and retention.  

While employees were once satisfied with their salaries and benefits, the pandemic — among other global events — has caused a shift, and many are now seeking new employment with better compensation packages and more flexibility. CIOs must decide how to address skills shortages and whether to offer higher compensation, perks and incentives, training and reskilling to increase retention. READ MORE

Small Business Hiring and Wage Growth Strength Continues

Small businesses continued to add jobs in June and worker wages continued to grow at a strong rate, but the pace of growth moderated slightly from previous month. These insights are according to the latest Paychex | IHS Markit Small Business Employment Watch. The Small Business Jobs Index for June was 100.81, up 2.32 percent from over a year ago and -0.06 percent from the previous month. Average hourly earnings growth for the month stood at 5.10 percent, compared to 5.16 percent from May 2022. READ MORE

AI can predict salaries based on the text of online job postings

The job landscape in the United States is dramatically shifting: The COVID-19 pandemic has redefined essential work and moved workers out of the office. New technologies are transforming the nature of many occupations. Globalization continues to push jobs to new locations. And climate change concerns are adding jobs in the alternative energy sector while cutting them from the fossil fuel industry. READ MORE

Worker disappears after he was accidentally paid more than 300 times his salary

A worker in Chile submitted his resignation and could not be found after his job accidentally paid him about 330 times his salary because of a payroll error, according to reports. 

The worker, a dispatch assistant at cold meats manufacturer Consorcio Industrial de Alimentos, received a paycheck of 165,398,851 Chilean pesos, or $180,418, for the month of May. He was only supposed to be paid about 500,000 Chilean pesos, or $545. READ MORE

Hochul scraps Cuomo order that capped not-for-profit executives’ pay at $199K

Gov. Kathy Hochul has scrapped an executive order issued by predecessor Andrew Cuomo that sought to prevent state-funded service providers from paying “excessive” salaries to executives.

Cuomo’s 2012 edict capped executive salaries for thousands of not-for-profit providers at $199,000. Salaries could only get bumped with a waiver or approval from the state budget director. READ MORE