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A majority of employers are tying ESG (environmental, social and governance) metrics in compensation plans for CEOs or other named executive officers (NEOs), according to a new report.
Specifically, 67% of companies in the TSX60 index and 80% of CEC40 companies (which have been identified by Climate Engagement Canada for being among the country’s top carbon emitters) disclose the use of one or more ESG metrics in these compensation plans, according to law firm Fasken. READ MORE
Non-qualified deferred compensation plans are increasingly being used by employers as retention tools by including noncompete or “bad actor” forfeiture clauses, according to research released Wednesday by the Plan Sponsor Council of America.
Of 135 companies offering NQDC plans to employees, 30% said they had noncompete clauses in the 2022 report, up from just 11.5% in 2021, according to data provided to PLANADVISER. In addition, 40% of employers said they have a “bad actor” forfeiture provision in 2022’s report, up from 23.7% in 2021. READ MORE
Congratulations on your new role as manager. But before you celebrate, you may want to ask your boss a few questions—and do some quick math.
Employers are increasingly giving workers phony job promotions and creating lofty-sounding managerial titles to avoid paying overtime wages. That’s according to new research from a trio of economists at Harvard University and the University of Texas-Dallas who reviewed online job postings and compensation data from 2010 through 2019. READ MORE
High demand for IT professionals and persistent inflation are twin factors driving up salaries in the tech job market.
These were the findings from Janco's 2023 IT Salary Survey of 282 enterprises in North America, which found median salaries for the positions surveyed now exceed $101,000. READ MORE
Elon Musk, the “Chief Twit” and Tesla “Technoking,” might never reclaim the title of the world’s richest person. Just how far he has to fall is anyone’s guess.
It’s not just that he became the first person in history to have $200 billion erased from their personal fortune. And it’s not only about how he’s spending more time on Twitter these days, striking a conspiratorial tone about everything from politics to vaccines to the very social-media company he purchased for $44 billion in a debt-fueled buyout. READ MORE
Starting Jan. 1, California required employers to include salary ranges on job postings. A similar law went into effect in New York City last year. As transparency laws become more common, business leaders and employees alike can use the increased visibility to their advantage.
In addition to tracking salary ranges, Comprehensive.io provides users with pay transparency compliance rates for California and New York City. READ MORE
Fast Retailing, the Japanese giant that owns popular clothing brands Uniqlo and Theory, will start paying its employees much more this year.
The company announced Wednesday that it would boost salaries in Japan by up to 40%, acknowledging that “remuneration levels have remained low” in the country in recent years. READ MORE
According to several experts, HR decision-makers will need to lean on competitive benefits packages that focus on prioritizing critical employee benefits in three key areas—financial wellness, family support and compensation strategies, among others—in order to help keep employees in the fold in an uncertain and quickly changing talent market. READ MORE
As the COVID-19 pandemic transformed the world of work over the last few years, employers across industries turned to their benefits to support—and retain—struggling employees. Childcare subsidies, beefed-up parental leave, flexible hours and more became staples at many companies, as workers navigated the new norm—and they became even more integral to retention as the Great Resignation took hold. READ MORE
We’ve had the great resignation, quiet quitting, resistance to going back to the office — and now? It turns out people are looking for happiness, stability, flexibility and a good salary.
In 2023, in the wake of the worst days of the pandemic, most U.S. job switchers and others seeking employment want to land a job that at the very least keeps up with red-hot inflation and provides some level of work-life balance. But they also want to be happy. After all, most Americans spend at least eight hours a day working — many of them without paid time off. READ MORE
Companies remain vigilant in their pursuit of balanced, yet attractive director-level pay programs amid a turbulent global economy.
WTW’s Global Executive Compensation Analysis Team (GECAT) has completed its annual S&P 500 year-over-year director pay program analysis comparing results between 2022 and 2021 proxy data. READ MORE
Near-historic price increases for basics like food and gas have drawn scrutiny to a question at the heart of the economy: How much money must a worker make to stay afloat?
The price of eggs has risen nearly 50% over the last year; while the cost of milk and bread have each jumped about 15%. Even after falling from a summer peak, gas prices remain 10% higher than a year ago. READ MORE
Out of all the benefits listed -- from fertility services to childcare reimbursement -- flexible work hours was at the top of the list of a new poll
New moms would rather have more flexible hours and remote-work options than a salary bump, according to a new survey. READ MORE
Most workers say rising cost of living makes them unhappy with their pay, causes them to seek other opportunities READ MORE
California and New York now require companies to include salary ranges in new job postings. That transparency could have a significant impact on tech professionals’ job hunt and salary negotiation. But what are the average ranges for popular tech positions?
For a deep dive, we can turn to comprehensive.io, a new site that’s tracking salary ranges for tech jobs in California and New York. With new data added regularly, these ranges will likely shift in coming weeks; but for now, this is how much the following jobs pay on average in both states: READ MORE
With recent implementations of salary transparency requirements for businesses by state and city governments coming to fruition this year, finance executives must be aware of the new regulations. These new rules may revolutionize both compensation determination and the entire business hiring process. READ MORE
The U.S. Securities and Exchange Commission (SEC) has adopted Rule 10D-11 and other rule amendments (Final Rules) as required by Section 10D of the Securities Exchange Act of 1934 (Exchange Act).2 The Final Rules require national securities exchanges to adopt listing standards under which issuers must implement (and enforce) policies that require the clawback of incentive-based compensation received by any current or former executive officer during the three completed fiscal years immediately preceding the date of a required restatement of an issuer's filed financial statements due to the issuer's material noncompliance with any financial reporting requirement under the securities laws. The Final Rules also affect related disclosure items, including the disclosure of executive compensation under Item 402 of Regulation S-K. READ MORE
When firms are in trouble, it’s not unusual for CEOs to cut their own salaries. As the pandemic wreaked havoc on the economy, many executives opted to receive smaller wages. Whether this helps the company in the long run, or heralds more trouble, is not entirely clear. READ MORE
In the two years since Colorado became the first state to require compensation information in job postings, a growing number of pay transparency laws have been enacted in states and cities across the country.
On Jan. 1, similar laws took effect in three states—California, Rhode Island, and Washington—bringing the number of states that currently require compensation disclosures in the hiring process to seven. New York is set to join that group later this year. READ MORE