The jobs market has chugged along, confounding many executives who have been bracing for a recession for some time. On Friday the Labor Department said hiring soared last month, far exceeding predictions, with payrolls swelling in September more than during any month since January, CFO Dive previously reported. READ MORE
Fatherhood premium, motherhood penalty? What Nobel Prize economics winner's research shows
Sapna Arvind had always dreamed of having a big career in finance.
“My dad, when I was a child, would say, ‘I wanna see you on CNBC,’ "she says. “So I did my undergrad in finance at New York University with those words ringing in my ears.”
Arvind embarked on a career in asset management in New York City after getting an MBA in finance from MIT Sloan School of Management in Cambridge, Massachusetts. By her mid-30s, she was also a mother of two children under the age of 10. READ MORE
Consider Incenting Sales Reps for Customer Success, Service and Satisfaction
In today’s services economy, buyer experience is a key sales differentiator and a driver to future sales. That fact is all-important to customer success, but how can your organization best influence the key factors – consumer confidence and customer satisfaction -- that power it? One beneficial strategy is to consider making customer success metrics a component of the sales incentive compensation plan. READ MORE
How DEI Will Shape Executive Compensation in Changing Legal Climate
Diversity, equity and inclusion (DEI) programs are successful when they are incentivized, as seen by the significant leapOpen in a new tab in hiring people of color at S&P 100 companies in 2021.
But following the Supreme Court's June ruling against affirmative actionOpen in a new tab, businesses are taking another look at their DEI programs and questioning if similar legal action may be taken against employers. One area being examined is tying DEI benchmarks to executive compensation. READ MORE
Gender pay gap report earns Nobel Prize
Apart from being the kind of feat that catches the attention of the Royal Swedish Academy of Sciences, the win signals once more that pay equity is a hot topic.
At the top of the year, experts predicted pay would be a trending DEI hot topic for 2023. Since the beginning of the pandemic — and subsequent erasure of the boundaries between work and home — the gendered burden of child care on working women has been increasingly top of mind for the HR industry. READ MORE
Top in-demand jobs and salaries
U.S. employers are on a hiring spree based on the jobs report for the month of September which showed the creation of 336,000 workers well above estimates. READ MORE
Hottest Job of 2023 with 2Cr Salary — AI Prompt Engineering
Are AI tools like ChatGPT & GPT-4 threatening your job security? Don’t worry you’re not alone in this black hole because, in the coming years, a report by Goldman Sach predicted that 300 million jobs will be diminished because of Artificial Intelligence taking over human jobs. And this is actually something to worry about. But we’ve also found the solution to get an upper hand on AI by learning how to talk to ChatGPT before it starts controlling us. In this blog, we’ll dive into how to secure a 2cr salary by doing AI prompt engineering — the hottest job of 2023. READ MORE
Follow these tips when negotiating salary for a pay raise
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
The Million-Dollar Question: Why Do CEOs Earn So Much?
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
Issues and Considerations Involving the Recovery of Executive Officer Compensation
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
Latinas lose $1.2 million over their careers as wage gap persists
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
Hourly wage vs. salary: Everything you need to know
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
Salaries, hiring, AI: Here’s what’s really happening with U.S. tech jobs
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
One in eight US households saw drop in income last month
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
Massachusetts House to vote on bill requiring salary ranges in job postings
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
I made over $800K at Meta. Here's how I significantly increased my compensation.
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
As Labor Unions Mobilize, Here’s How Executive Compensation Actually Works
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
Despite economic uncertainty, most workers still plan to ask for a raise
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
SEC Staff Issues Additional Pay Versus Performance Compliance & Disclosure Interpretations
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 posts new CDIs regarding pay versus performance
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