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Here's a quick tip to negotiate your salary.
If you've been waiting for your next pay raise, you're not alone. According to a survey from OnePoll, the average American employee hasn't received a raise at their current job in the last three years.
But experts at Shapiro Negotiations Institute say getting that salary increase isn't impossible. READ MORE
Warren Buffett, CEO of Berkshire Hathaway, believes that CEO salaries are too high and should be no more than 20 times the salary of the average worker. But why do CEOs earn so much money? Let’s explore the complex factors that influence CEO compensation and why it is such a controversial topic. READ MORE
At the recent meeting of the Employee Benefits and Executive Compensation Subcommittee at the ABA’s Business Law Fall meeting, moderators identified several hot topics stemming from the new compensation recovery (clawback) policies required to be adopted by listed companies by December 1, 2023. READ MORE
Latina women working full time, year-round earn 57 cents for every dollar paid to white, non-Hispanic men, according to a data collected by the U.S. Census Bureau and the Bureau of Labor Statistics.
Latina Equal Pay Day, which in 2023 falls on Oct. 5, marks the additional days into the new year that Latinas must work to earn as much as the typical annual salary of white, non-Hispanic male workers. READ MORE
When hiring a team, one of the most important decisions you have to make is how to pay your employees. The two most common payment methods are hourly wage and salary. Here’s a look at the pros and cons of hourly wage vs. salary and critical details to consider when deciding how to pay your valued workforce. READ MORE
As the leader of a company that tracks tech employment trends, I’ve had a front-row seat to the industry’s highs and lows over the past few decades. It’s literally my job to keep up with tech employment trends and I can tell you one thing: It’s an interesting time for both workers and decision-makers in the tech sector.
However, beware of news headlines that show only one side of the story. The U.S. tech economy is going through some unusual changes–and it’s not always easy to wrap your head around them. READ MORE
The increase in income — to 11.8% last month from 10.7% in August — was driven primarily by high- and middle-income households and the West region
The share of US adults with decreasing incomes has ticked higher in recent weeks, another sign that the labor market is slowly cooling. READ MORE
The House will vote Wednesday on a bill that requires many employers to disclose a wage or salary range on job postings, Speaker Ron Mariano's office said, building on pay equity efforts that began nearly a decade ago.
The House Ways and Means Committee polled its members Tuesday morning on the salary transparency bill (H 4100), which Mariano signaled last week would be a priority for the House this fall. READ MORE
When I was starting out in my career, I heard about tech workers making half a million dollars a year, but I didn't think it was actually attainable. I certainly didn't expect that I could make substantially more in just a few years.
I spent the past decade working as a software engineer across multiple companies in Silicon Valley and was able to drastically increase my income over the years. READ MORE
From Detroit to Hollywood, labor unions are making a statement to America, “We’re still here.” This year, more workdays have been lost to organized labor action than in any year since 2000.
What is the primary driver? It’s a combination of factors: The current rise in the rates of inflation and interest, after two decades of abnormally low numbers, along with an extremely tight labor market. The resurgence of union activity is neither unexpected nor unpredicted. As interest rates slow economic output, while the COVID-era benefits that kept many workers out of the labor pool vanish, a disconnect between employers and union officials gradually grows. READ MORE
As employer plans for 2024 salary budgets evolve, workers do not appear to be backing down on their demands. Employees’ sense of power, a theme throughout the pandemic, has not flagged much despite shifting economic winds over the past year. READ MORE
On September 27, 2023, the staff of the Securities and Exchange Commission’s (SEC’s) Division of Corporation Finance issued 10 new Compliance & Disclosure Interpretations (C&DIs) relating to the pay-versus-performance (PVP) disclosure rules adopted last year. This new set of C&DIs supplements the 15 C&DIs regarding the PVP disclosure rules issued by the staff on February 10, 2023, and provides answers to some of the questions that companies encountered in complying with the PVP disclosure rules for the first time during the 2023 proxy season. READ MORE
Corp Fin has posted some new CDIs on pay versus performance. In August last year, the SEC finally adopted a new rule requiring disclosure of information reflecting the relationship between executive compensation actually paid by a company and the company’s financial performance—a new rule that had been 12 years in the making, mandated in 2010 by Dodd-Frank. (See this PubCo post.) The final amendments added new Item 402(v) of Reg S-K, which requires companies to describe the relationship between executive compensation actually paid and the financial performance of the company for the five most recently completed fiscal years (three for smaller reporting companies) in proxy or information statements in which executive compensation disclosure is required. Generally, for most companies, the new disclosures were first required for the 2023 proxy season. Apparently some issues cropped up, reflected in these new CDIs. READ MORE
Say on Pay (SOP) votes were mandated by the Dodd-Frank Act of 2010 as a mechanism to allow shareholders to voice their opinions about the level and structure of executive compensation as well as promote the engagement of companies and their shareholders regarding a key area of corporate governance. The general view was that shareholders would increasingly reject executive pay programs by voting against the SOP proposal in years of poor total shareholder return (TSR) performance unless executive pay was reduced. Our findings show that the 2022 and 2023 SOP seasons run counter to this premise for S&P 500 Index companies. SOP failures in 2022 hit a record high (n=22) when TSR performance was strong (1- and 3-year TSR of 27% and 24%, respectively), whereas SOP failures in 2023 unexpectedly decreased (n=11) when TSR performance declined (1- and 3-year TSR of -19% and +6%, respectively). READ MORE
Compensation philosophies can make or break how managers and recruiters discuss pay with their teams, which, in turn, can make or break employee trust. So it's crucial—but very delicate—to fully vet and develop your compensation philosophy. READ MORE
In the United States, 17.3 million Americans, 11% of the workforce, identify as digital nomads — traditional jobholders and independent workers — an increase of 2% from 2022, according to a August 2023 reportOpen in a new tab from MBO Partners.
Another 70 million are either planning to become digital nomads over the next two to three years or are considering it, according to the report. READ MORE
Florida’s minimum wage rose by one dollar Saturday to $12/hour. The increase is the result of a constitutional amendment approved by voters in 2020 to gradually raise the Sunshine state’s minimum wage to $15/hour by September 30, 2026.
Florida’s minimum wage stood at $8.56/hour when voters approved the 2020 ballot measure to incrementally increase base pay, according to FloridaCommerce. As part of the approved amendment, the state’s minimum wage initially rose by $0.09 to $8.65 on January 1, 2021, and later to $10 on September 30 that same year. READ MORE
The owner created separate corporate entities for his restaurants, depriving employees of a higher minimum wage, overtime pay and meal break premiums, the state alleged. READ MORE
California is raising the minimum wage for fast food workers, marking a hard-won victory for those workers and union organizers.
Amid chants of “when we fight, we win” from fast food employees and Service Employees International Union members in Los Angeles, California, Governor Gavin Newsom on Thursday signed legislation that raises the minimum wage to $20 an hour for fast food workers, and creates a council that can approve further increases in the future. The state’s current minimum wage is $15.50 an hour and will increase to $16 an hour on January 1. READ MORE
Starbucks violated federal labor law when it increased wages and offered new perks and benefits only to non-union employees, a National Labor Relations Board judge found Thursday.
The decision is the latest in a series of NLRB rulings finding that Starbucks has violated labor law in its efforts to stop unions from forming in its coffee shops. READ MORE
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