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Investors of Nike Inc. voted against a proposal seeking a more detailed report on pay gaps across race and gender at the footwear and apparel company.
The proposal, filed by Arjuna Capital, sought a report on the median pay gaps across race and gender including reputational, competitive and operational risks related to recruiting and retaining diverse talent. Nike did not provide the percentage of investor support the proposal received in the meeting. READ MORE
The amount of money a family of four needs to get by can vary drastically depending on where they live, according to new data analyzed by GoBankingRates.
In Hawaii, the living wage for a family of four is $182,900. In Mississippi it’s only $73,381.
The data used to calculate a “living wage” allowed 50% for necessities, which includes housing, 30% for luxury spending and 20% for savings. READ MORE
As CEO pay and profits have soared, worker pay has stagnated. This is one sticking point between automakers and the UAW, which has called for a 40% wage increase over four years. READ MORE
When it comes to pursuing higher education or returning to college, one burning question lingers: What kind of paycheck can you expect with that hard-earned degree in hand?
To answer this, GOBankingRates delved into the data, leveraging the U.S. Census American Consumer Survey to uncover median earnings for associate, bachelor's and graduate degree holders in cities across the nation. READ MORE
As students return to college campuses across the country, talk of whether a college degree is still “worth it” has returned, especially as the cost of tuition continues to rise. One metric for measuring success is the first-year salaries of graduates, and the numbers continue to be impressive.
According to the just-released National Association of Colleges and Employers (NACE) Salary Survey for the Class of 2022, bachelor’s degree-level graduates received starting salaries that were, on average, 7.4% more than their peers from the Class of 2021, rising to $60,028 compared to $55,911 for Class of 2021 graduates. READ MORE
Startups frequently compensate employees through a blend of cash and equity, such as stock options or restricted stock units, which may translate into ownership stakes. For prospective employees, assessing job offers with equity components can prove to be a complicated task. In fact, in a recent research study we found a clear and consistent pattern among participants evaluating offers that included equity compensation: They appeared to perceive that a higher number of shares translated into superior compensation. This led them to be more willing to sacrifice cash compensation when offered a larger quantity of shares, even when the underlying value remained the same. Call it the equity illusion. READ MORE
Fueled by a resurgent stock market and rising home values, US household wealth hit a record $154.3 trillion during the second quarter of this year, according to federal data.
Consumer wealth has now completely recovered from the recent inflation-driven drop in stock prices and real estate holdings. READ MORE
A sales compensation philosophy is the foundation upon which specific compensation design decisions are based. As a statement of the sales compensation strategy for an organization, the compensation philosophy can provide the framework for a successful compensation design effort.
There are 10 elements of a sales compensation philosophy that help define the key parameters of a program. READ MORE
Fast food and health care workers in California are slated to see major salary increases under a deal announced Monday between labor unions and the restaurant industry.
Under the new deal, restaurant chains with at least 60 national locations must pay their workers a minimum hourly wage of $20 as of April 2024, according to the Wall Street Journal. This would include most of the state's 500,000 fast food workers. READ MORE
According to the leaked Google Pay data, the black staff at the company make $20k less than white employees, and also gender pay gap is still an issue.
An internal spreadsheet shared among Google employees provides detailed information on the salaries and bonuses of over 12,000 U.S. employees in various roles, including software engineers, business analysts, and salespeople. The data covers the year 2022 and was voluntarily submitted by employees. READ MORE
You may not feel powerful before you've officially signed a job offer to accept a position. After all, you aren't even working at the company yet. But the fact is that you have the greatest negotiating power during that short window of time between being offered a job and formally agreeing to take it.
Think about it: The hiring manager has already tipped their hand by letting you know they want to bring you on board. The team has invested time and resources in the interview process, they have a consensus on hiring you, and they're eager to seal the deal and put you to work. This is the perfect time to talk about salary. READ MORE
In Italy the topic has gone by in relative silence, maybe because the effective application of the norm is still quite far away timewise and we shall only get round to it in due course. Or maybe because the EU directive 2023/970, which rules out keeping salaries secret, actually touches on a key aspect of the employer/employee relationship, a crucial interchange which leaves room for a wholly discretional exercise of power. The EU objective is sacrosanct and worthy of merit: to combat the gender pay gap, which still sees women greatly penalised at pay level, the legislators in Brussels have established that workers and their representatives are entitled to receive all available information on wage levels applied in the company, both individual and average. Obviously, companies will be obliged to reveal eventual differences in the salaries of men and women covering the same roles. And not only that: the EU norm foresees that no clauses must exist impeding an employee to make public his/her earnings or to ask for information on what other workers earn, and that salary level must be communicated in the job announcement or, at least, before the job interview. A norm which applies simple common sense? Well, of course. READ MORE
The class of 2024 longs for both job and financial security — and those priorities may be at odds when they negotiate the pay for their first jobs out of college.
Some 3 in 4 college seniors graduating next year say they’re unsure whether they plan to negotiate their starting pay, that it will depend on the offer, or they’re outright not planning to have the discussion, according to Handshake’s latest survey of 1,148 students in the class of 2024. READ MORE
Employee benefits and compensation management lie at the heart of a thriving organization. As the business landscape evolves and employee expectations continue to shift, it's essential for companies to remain agile and strategic in their approach to rewarding and retaining talent.
Below, Forbes Human Resources Council members share 19 methods to help organizations navigate the complex realm of employee benefits and compensation effectively. From attracting top talent to ensuring employee satisfaction and compliance, understanding these practices is crucial for any business striving to stay competitive and foster a satisfied, motivated workforce. READ MORE
“Know your worth,” career experts often say.
But when it comes to salary expectations, American workers are already setting the bar high.
What some labor economists are calling a “near-perfect” job market has helped propel the amount of money most job applicants would accept to a record this year, reaching $78,645, according to the latest New York Federal Reserve employment survey. READ MORE
Having more information to gauge your worth should, in theory, give you more leverage in salary negotiations. But the reality is complicated. Companies could be less willing to stray from their set ranges, and you might feel hesitant to push for fear of looking unreasonable.
How should you approach salary conversations in this new era of pay transparency laws? What’s the best way to advocate for yourself when the pay band is exceptionally large? And is it better to be direct or subtle? READ MORE
You can secure a high-paying job with just about any college major, or even without getting your degree.
But if you are looking for a field of study that historically produces highly paid graduates, an engineering degree might be your best bet. READ MORE
Elon Musk jabbed at a rival electric-vehicle company on Monday, suggesting its boss was overpaid relative to its success.
"Beware any company where leadership compensation is not linked to performance," the Tesla CEO posted on X. He was responding to a recent CEO compensation survey from Automotive News and Equilar, which indicated that Lucid Motors' Peter Rawlinson was the highest-paid boss of a listed US automaker last year. READ MORE
A recent study by the Economic Policy Institute revealed that CEOs of the top 350 publicly traded companies earned in 2021 an average of $27.8 million in realized annual income, a figure which includes stock options. This staggering figure is nearly 400 times higher than the earnings of a typical worker, marking a significant increase from the 366-to-1 ratio observed in 2020 and a massive jump from the 59-to-1 ratio seen in 1989. READ MORE
Executive pay at the U.S.’s nonprofits has steadily grown over the past five years, but the gains are far from equal.
An annual analysis of nonprofit executive compensation published Thursday by philanthropy data provider Candid shows that it makes a difference where a nonprofit is based, what field it is in, and whether the executives are male or female. READ MORE