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Salary progression in public accounting may no longer follow the steady path many professionals expect, according to new placement data from specialist recruitment firm Distinct.
Drawing on more than 400 public accounting placements completed across North America during the past three years, the analysis suggests compensation growth often slows considerably at Senior level before increasing significantly once professionals move into management. READ MORE
Salary negotiations used to begin with one side knowing exactly how much the job paid, and the other side taking a guess. But now, more states are leveling the playing field.
Virginia and Maine are the latest to require many employers to disclose salary ranges in job postings, bringing the total to 18 states and Washington, D.C. Virginia’s new salary-transparency law went into effect on July 1, while Maine’s will go live on July 29. For job seekers, that means walking into salary negotiations with a better idea of what an employer is willing to pay. READ MORE
About 6.6 million student loan borrowers are behind on payments, and the problem is worsening, as borrowers over 50 now have the highest serious delinquency rates of any age group. The difference between struggling for decades and paying off your loans in a few years often comes down to one decision—your major.
Investopedia ranked different bachelor’s degree majors utilizing median wages in early career, as recorded by the Federal Reserve Bank of New York, and the amount of student loan debt per bachelor’s degree, as calculated by the Education Data Initiative. READ MORE
An estimated $20,000 in free booze. More than $100,000 in free sports-event tickets. Extensive personal use of a company-owned hunting ranch.
Perks—the often-lavish extras layered on top of executive pay—are booming. Among the 500 largest public companies, spending on four of the biggest-ticket perks has surged since 2021, according to research firm Equilar, led by a more than doubling in the median cost of executive security. READ MORE
The major auction houses racked up nearly $10 billion in sales in the first half, marking one of the strongest-ever starts to the year as the wealthy gained confidence from soaring financial stock markets.
Sotheby’s reported its best first half ever, with $4.4 billion in sales, up 58% from last year and marking a record for the 282-year-old auction house. Christie’s had its best first half since 2021, reporting sales of $4.5 billion, up 71%. Phillips, Heritage and other auctioneers also had breakout starts to the year. READ MORE
Familiar with the concept of salary transparency? It’s used to encourage more open conversations about what companies are paying their workers. Knowing about the average salary in the US could shed light on whether you’re being underpaid. It could also help you make more informed choices as you apply for new jobs or ask for a raise. Just know that earnings vary depending on age, sex, location, and education, among other factors. Here’s how much the average American makes. READ MORE
The findings were based on a survey between March and May of more than 34,000 companies across 156 countries, including 1,650 in the U.S. In total, 32% cited cost management pressures as a reason for taking a cautious approach to salary planning, while 28% and 27% pointed to a tighter labor market and inflationary concerns respectively, WTW said. READ MORE
Average support increased from just over 90% at this time last year to 91.8% as of June 30, 2026. The failure rate went down from 1.4% at this time last year to less than 1% this year. And proxy advisor Institutional Shareholder Services (ISS) recommended against a lower percentage of proposals.
The trend toward higher levels of support might continue into the 2027 proxy season but the waning influence of proxy advisors may result in more uncertainty. It’s critical that companies stay up to date on changing investor voting policies and patterns and proactively engage with them to understand their priorities and concerns. READ MORE
Nonfinancial metrics in executive pay are often viewed through the narrower lens of whether companies are adopting or retreating from ESG-linked pay. The data suggest a more nuanced shift: boards are not abandoning nonfinancial measures but becoming more selective about which measures belong in pay plans and how they connect to business performance. READ MORE
SEC Rule 10D-1 – often referred to as the compensation clawback rule — requires public companies to adopt policies to recover excess incentive compensation that was paid to current or former executives because it was based on metrics that were later restated. Created under the Dodd-Frank Act, the rule aims to reinforce accountability by requiring the recoupment of bonus or performance-based compensation tied to incorrect results, regardless of whether the error was caused by simple mistakes or misconduct. It applies to both material (“Big R”) and immaterial (“little r”) restatements.
The rule also adds disclosure requirements: companies have to flag on the cover page of their annual reports when the filing reflects corrections to past financial statements, explain whether and how they pursued recovery of excess compensation, and include their clawback policy as an exhibit to the annual report. READ MORE
CHRO responsibility has skyrocketed in recent years, and compensation trends underscore how organizations are increasingly viewing CHRO compensation through the lens of business performance.
A new study from Equilar on CHRO compensation at the largest U.S. public companies by revenue found the average pay package last year was $3.7 million, down from about $4.4 million in 2024. The value of stock awards, which was the largest component of pay, stayed about the same—at $2 million—which researchers say highlights that organizations are weighing CHRO contributions to business outcomes “heavily.” Meanwhile, cash bonuses decreased slightly from $896,256 to $864,610, and median base salaries also decreased from $694,167 to $674,688. READ MORE
According to ADP Research, nearly six in 10 workers would rather be paid on a weekly basis than every other week. Employees who received weekly pay reported higher engagement, feel more fairly compensated and are less likely to quit in search for greener pastures. Starbucks, it seems have caught onto this, for its new compensation model will reward all workers across the U.S.
On Monday, Starbucks announced its quarterly bonus program, rightly called “Best of Starbucks Reward,” of up to $300 along with weekly pay, expanded tipping and compensation based on attendance and performance metrics. Rather than rely solely on pay raises, Starbucks is slowly shifting towards a performance-driven compensation model that rewards excellence and consistency. READ MORE
Private chefs are making up to $300,000 a year, and butlers can earn as much as $180,000 as the wealthy hire more household staff to manage their increasingly complex lives, according to a new study.
Demand for chefs, personal assistants, butlers, nannies, housekeepers, chauffeurs and estate managers have reached records as the wealthy buy more homes in various locations and manage ever-growing families, according to a report from Morgan & Mallet International. The hiring boom has created a war for talent, driving up salaries and increasing job-hopping by household staff. READ MORE
Buc-ee’s holds the world record for the biggest convenience store and longest car wash – it might be time to add “most controversial $275,000 job” to the list.
The rest-stop chain, known for its massive convenience stores and cheeky highway billboards, is now the epicenter of an online debate over salaries. Not because they’re underpaying their employees, but, according to internet backlash, because they’re paying a big salary – $275,000 – for a job that doesn’t require a degree. READ MORE
Gen Z is breaking one of the most deeply rooted social taboos by openly discussing salaries, spending limits and personal finances online.
The Wall Street Journal's Free Expression associate editor Mary Julia Koch joined FOX Business’ Ashley Webster on "Varney & Co." to discuss loud budgeting and why younger Americans are increasingly willing to make once-private financial conversations public. READ MORE
An Instagram post shared by @georgesternleadership has given rise to a conversation over workplace compensation and whether employers can expect salaried workers to consistently take on extra hours without additional support.
The clip was about workplace "red flags" and employee-manager dynamics and featured a text conversation between an employee and a manager about long workweeks and increased responsibilities. In it, the former asked for compensation. READ MORE
The higher salaries reflect a more competitive market for finance talent. Sixty-one percent of survey respondents said they are experiencing either minor or significant shortages of finance and accounting talent, up from 46% who reported shortages in the prior year.
The shift is increasing pressure on CFOs and controllers to rethink how they attract and retain talent. READ MORE
SpaceX’s executive compensation filing reads unlike anything in the history of SEC paperwork. The word “Mars” appears 63 times, including inside the formal executive compensation section, and the document contains a quote from Isaac Asimov. Reporters who reviewed it noted no real precedent in the history of executive compensation. The legal condition for CEO Elon Musk’s payday is a permanent human colony on Mars with at least 1 million inhabitants. READ MORE
For most of private equity’s modern history, executive compensation answered a single question: how do we keep this leadership team in place until we sell? Pay was built around a clean three to five year arc, with the bulk of the reward waiting at the finish line. That model assumed a predictable exit. Today, that assumption no longer holds.
Hold periods have stretched, capital markets have become more volatile, and sponsors are asking far more of the executives running their portfolio companies. As a result, the purpose of compensation has also changed to adapt. It is no longer a retention contract. It has become an engine for value creation, engineered to reward the specific behaviours that build a more valuable business: EBITDA quality, working capital discipline, pricing power, clean M&A integration, digital transformation, and exit readiness.. READ MORE
Clifford Chance is facing a federal lawsuit from two former partners who allege that the law firm asked them to repay nearly $5.8 million in compensation after they left in January.
“This action relates to the firm’s efforts to claw back plaintiffs’ already-paid and already-earned compensation, pursuant to certain provisions of the [firm’s partnership] agreements, as punitive and anti-competitive measures in apparent response to plaintiffs’ withdrawal from the firm to join Sidley Austin,” said Clifford Cone and Michael Sabin said in their June 29 complaint. READ MORE
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