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With new laws from Colorado to Rhode Island, employers are under growing pressure to publicly share how much a job pays.
Last week, California became the largest state to join the push for salary transparency when Gov. Gavin Newsom signed the measure, which takes effect next year. READ MORE
Given the significant decline in the stock prices of many companies over the past several months of 2022, a number of companies are reassessing their equity programs and considering repricing outstanding employee stock options.1 Companies are concerned that significantly "underwater" options no longer provide the incentives to employees that were intended when they were originally granted. They also fear they may lose employees to other companies where these employees can receive new options at today's lower exercise prices. READ MORE
An analysis published Tuesday shows that the top executives of the largest corporations in the United States have seen their pay soar by nearly 1,500% over the past 43 years, helping to fuel a massive surge in inequality as workers' wages lag. READ MORE
Deferred compensation plans offer highly compensated and key employees an opportunity to earn performance awards, defer compensation and taxes until a later date, reduce certain payroll taxes, informally find executive life insurance agreements, and help facilitate buy-in for business succession plans. READ MORE
Workplace review site Comparably just published its annual ranking of places with the best compensation, and Adobe ranked number one on the list focused on companies with over 500 employees, or large companies. READ MORE
It wasn’t hard for Samantha Losey, managing director of Unity, a public relations firm in London, to convince her team to work fewer hours for the same paycheck.
But it was an uphill battle to persuade her own board to join the world’s biggest pilot of the four-day work week. READ MORE
Restricted Stock Units (or “RSUs”) continue to gain traction as part of company compensation plans. Not only are they a great way to incentivize employees with shares of company stock at future dates, but they are also a tremendous tool to help retain top talent from the employer perspective. The present value of your RSU grant is known up front, while the future value is highly uncertain as it’s tied directly to your company’s stock price – and your tenure around vesting schedules. READ MORE
Readers who regularly work with deferred compensation plans will know that Section 409A of the Internal Revenue Code (“Section 409A”) prescribes six events or times at which deferred compensation may be distributed to participants in a deferred compensation arrangement. READ MORE
While there are possible variations on each type of arrangement, there are, in general, six types of equity compensation plans that can be offered to employees: READ MORE
If New York Governor Kathy Hochul signs a new law mandating the inclusion of salary or compensation ranges on job descriptions, the state will follow the path of Colorado and Washington state where pay transparency laws are currently in effect. The new law will become effective on November 1 in New York City, and statewide next year. READ MORE
On Tuesday, Governor Gavin Newsom signed a bill that would require most employers in California to provide salary ranges for open positions to applicants and workers.
The bill would affect all employers in the state with at least 15 workers to include the hourly rate or salary range on job listings, according to CNBC. READ MORE
In a post-pandemic world, work-from-home and hybrid work arrangements have become the norm in many industries. While employers and employees have become adept at hosting Zoom and Teams meetings, this significant uptick in remote work begs the question: What if an employee gets injured while at home? Is this covered by workers’ compensation? If so, when? The answer, as it so often is, is it depends. READ MORE
High turnover, recession, rising pay packages, talent shortages, inflation, supply chain delays, excess inventory, virtual selling — these are just a few of the disruptions facing sales compensation stakeholders today. These same disruptors might also upend your well-functioning sales compensation program. READ MORE
After a roaring 2021, the 400 richest people in the U.S.–along with many Americans–have been hit by rising inflation and falling markets. As a group, this year’s Forbes 400 is $500 billion poorer than they were a year ago. Their total net worth stands at $4 trillion, down 11% from last year. READ MORE
Same job. Same experience. Same pay? Not necessarily. What you earn will likely depend on two things: where you live and whether you work from home.
While most workers in today’s job market have the upper hand, thanks in large part to a labor shortage, remote workers might be at a disadvantage when it comes to negotiating wages. READ MORE
The largest raises you'll ever get in your career typically come from quitting a job and joining a new employer, though not everyone wants to jump ship. Learning how to negotiate for a pay raise—whether you are job hunting or staying put—is critical if you hope to earn what you're worth in the market. READ MORE
Tech salaries are still on the rise, according to research by job marketplace Hired, but despite the small talent pool, many think the power will soon lie with hiring firms rather than candidates. READ MORE
The government's focus on clawbacks is at a fever pitch. At the Practicing Law Institute's SEC Speaks conference earlier this month, senior officials within the SEC's Division of Enforcement emphasized the agency's increasing use of the executive compensation clawback provision under the Sarbanes-Oxley Act of 2002 (SOX). This comes on the heels of the SEC – once again – reopening comment on a proposed rule for securities exchanges to require listed companies to adopt clawback policies and Deputy Attorney General Lisa Monaco's recent comments around compensation clawbacks. In response, we want to provide an overview of the compensation clawback provision within SOX (Section 304), a brief history of the SEC's use of the provision and key applicability considerations. READ MORE
Companies that want to reduce their carbon footprint should pay their executives more to make that happen, according to a new working paper (pdf) by economists in California and Europe. READ MORE
In 2021, venture capital funding flowed freely into the tech world, bolstering big funding rounds and even bigger salaries at SaaS companies.
But now it’s 2022, and that cash flow has slowed dramatically. Major layoffs have replaced funding announcements, and we’re staring down a possible recession. With outright cash and sky high salaries off the board, negotiating a strong compensation package can seem daunting. READ MORE
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