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Many workers enjoyed a better quality of life plus savings on commuting, office wardrobe and other expenses. Companies boosted productivity and lowered costs.
Now as remote work looks likely to survive in some form for the foreseeable future, a battle is starting to brew over who should pocket those savings, with some employers arguing that working from home is a benefit that should be offset by lower salaries. READ MORE
Amid a tight labor market, sales talent is an especially valuable asset, and organizations are implementing several compensation measures to attract and retain them.
WorldatWork’s 2022 “Sales Compensation Programs & Practices Survey” revealed that 50% of organizations have offered higher base pay for sales roles and 39% have increased incentive opportunities, with 22% of organizations doing both. READ MORE
Given the fact multinational companies have local sales personnel serving local customers and most companies use sales compensation to reward sellers for sales success, should sales compensation plans be uniform around the world or tailored to local market conditions? READ MORE
Trends in compensation and benefits package design continue to reflect employers’ difficulties in attracting enough warm bodies to get the work done. A recent survey of more than 4,000 organizations reveals that this year, employers are sweetening compensation while tending to leave well enough alone when it comes to plan design. READ MORE
A Seattle CEO who announced in 2015 that he was giving himself a drastic pay cut to help cover the cost of big raises for his employees has announced his resignation.
Dan Price, the embattled CEO of credit card processing company Gravity Payments, resigned Wednesday, The Seattle Times reported. READ MORE
A fight over the powerful firms that advise shareholders on corporate governance issues is escalating in Washington.
Some of the country’s largest business groups are challenging the Securities and Exchange Commission’s decision last month to undo Trump-era restrictions on the proxy advisory firms that make recommendations to investors on how to vote on often contentious proposals put up at annual corporate meetings. READ MORE
On August 18, 2022, the Office of Federal Contract Compliance Programs (OFCCP) issued a revised version of its Directive 2022-01 - Advancing Pay Equity Through Compensation Analysis, which was originally issued on March 15, 2022. Although the stated purpose of the original Directive was to “provide guidance on how OFCCP will evaluate federal contractors’ compliance with compensation analysis obligations and clarify OFCCP’s authority to access and review documentation of compensation analyses conducted pursuant to 41 CFR 60-2.17(b)(3),” the Directive was controversial as OFCCP appeared to be claiming a right to compel contractors to disclose their pay equity analyses even when properly protected by the attorney-client privilege. READ MORE
Derek Butcher is part of the nine-strong corporate governance and responsible investment team at RBC Global Asset Management (RBC GAM), which manages more than $408 bn in assets (as of June 30, 2022). Here he talks to IR Magazine about the nuances of tying EGS metrics – some of which can be difficult to quantify and are seen as less rigorous – to executive pay. READ MORE
Negotiating your salary—especially when you haven’t officially gotten the job—can be a frightening prospect. Obstacles like imposter syndrome or inexperience can make you feel as though you should just accept the company’s original offer and move on, but it’s important to know your worth and to advocate for yourself if you believe you deserve a higher salary. READ MORE
If you’re nervous about asking for a raise, or if you’re afraid you’re making less than someone who does the same job as you, stumbling clumsily into a conversation about the sensitive subject of salary won’t win you any popularity contests in the office. READ MORE
Wall Street is taking the call to increase corporate diversity seriously. At last.
For the first time ever, every company listed on the S&P 500 has at least one racially or ethnically diverse director. About 11% of S&P boards were non-diverse in 2020. READ MORE
Changing guidelines on diversity and inclusion, climate change and Covid-19 & executive compensation READ MORE
Organizations are increasingly making firm commitments to sustainability. More than 700 of the largest 2,000 publicly traded companies have made net zero commitments, with 59 of the FTSE 100 committing to net zero emissions by 2050. Two-thirds the S&P 500 have set emission reduction targets of some kind. READ MORE
College graduates who earned a bachelor’s degree in 2021 saw a modest salary increase compared to the previous class. Their overall average salary is $55,911, which is 1.2% higher than the average for the class of 2020, according to a survey by the National Association of Colleges and Employers. READ MORE
If you’re thinking about asking for a bump in your salary, some jobs are more likely to get a bigger paycheck.
Finder.com analyzed data from the Bureau of Labor Statistics (BLS) to uncover the careers most likely to provide pay increases, which was then organized by data journalism website Stacker. READ MORE
Between the end of the year in December 2017 and December 2021, the average federal salary went up by $8,464, an increase of 10.01%. As can be seen in the table below, the average federal salary for men is higher than it is for women. READ MORE
If you're living somewhere in between New York City and San Francisco (both geographically and size-wise), you may see a massive shift in how you get paid — especially if you're a tech worker. READ MORE
These are negotiations that need to be initiated when the internal sense of the “give and take” balance is disturbed.
In the negotiation process, all factors must be taken into account — the company’s budget, grades, and the market situation. But the most important thing is that the employee should have a feeling of inner comfort, something that he gives to the company as his contribution to the results, and the employer more than returns in the form of a compensation package. READ MORE
In January 2018, Tesla announced details of a new contract with its CEO, Elon Musk, that sounded less like an executive-compensation package and more like the premise of a game show. Under the deal, Musk would take no salary but could earn large bundles of stock options each time he raised the company’s value by $50 billion. If it went up by a mere $49,999,999,999, he would leave empty-handed. READ MORE
Establishing an equity-based long-term incentive plan in the private company context presents unique design and planning issues, especially where the private company is not owned by a private equity sponsor (PE fund). Let’s explore various alternatives for the design of equity compensation plans, discuss the pros and cons of each, describe the general tax impact, and highlight other issues that might influence a private company’s decision to implement one alternative over another, or whether to even offer a long-term equity compensation plan at all. READ MORE