Did you read that right, $186,000? Yes, that precise figure is not a mistake. That's the average salary Americans say they need to earn to feel financially comfortable, per a recent poll conducted by Bankrate. The survey explored the sentiments of varying demographics of American workers, covering Gen Zers, to Gen Xers, to Black Americans, to Hispanics, to Westerners, to those making under $50,000 or $100,000 or more, and everyone in between. READ MORE
How to negotiate your salary in 2025
A majority, 56% of U.S. workers are looking for a new job or plan to in 2025, according to an October 2024 Resume Templates survey of 1,258 U.S. workers. Their reasons vary: 37% feel undervalued, another 37% feel burned out and 40% cite low pay.
If you, too, are hoping to get a pay bump in 2025 but not necessarily looking to leave your job, you can still try to negotiate for a higher salary where you currently work. READ MORE
The Meteoric Rise In CEO Compensation
It’s not your imagination—CEO compensation has significantly outpaced average worker salaries over the years.
The pay for chief executives at major companies in the United States increased by an astonishing 1,085% from 1978 to 2023, while the typical worker's earnings rose by only 24%, as reported by the Economic Policy Institute, a nonpartisan think tank. READ MORE
CEO Compensation and the Workforce at Large
How can a director determine when CEO pay is excessive? READ MORE
Compensation budgets to remain above historical trends in 2025, employers say
Employers recognize the need to invest in their workers to improve retention, given the tight labor market and low levels of unemployment, Lauren Mason, Mercer’s U.S. workforce solutions leader, said in a statement.
“To remain competitive in this environment, employers will need to look beyond compensation and transform work itself to improve the employee experience and unlock greater productivity,” Mason said. READ MORE
Salaries of $500,000 and up are 'a dime a dozen' in this California region, report says
More than 1 million people across the country earn paychecks of $500,000 or higher, according to a report that analyzed payroll records on millions of salaries paid over the course of a year.
The study titled "High-paying jobs? They’re a dime a dozen," which was done by ADP, a leading management company that provides payroll and other services, concluded that “a substantial number of professionals found in every major metro” earn more than half a million dollars annually. Government data, including the Census Bureau’s American Community Survey, typically obscure the prevalence of hefty paychecks by capping the level of wages reported. READ MORE
Taylor Swift Hit With Backlash After Giving Crew $200 Million In Bonuses
Welcome to 2024, where some people are somehow angry at Taylor Swift for "only" giving nearly $200 MILLION in bonuses to her touring staff and crew this past week.
As I reported earlier this week, Swift graciously gave massive bonuses to each and every single one of her crew members both last year and this year as a thank-you. We're not talking about just those that are on stage with her, but those that literally are the ones that made the Eras Tour happen and be such the massive success that it was - even the truck drivers received a surprise $100,000 check from Swift! READ MORE
It’s time to prepare for FASB’s new compensation reporting rules
The Financial Accounting Standards Board has moved forward with a significant change that will require public companies to disclose more granular details about their employee compensation packages, including incentive compensation, in financial reports.
The new accounting standard will fundamentally change how businesses track and report compensation, especially in areas like bonuses, commissions, and other variable pay structures. While this change aims to bring more transparency, it highlights a glaring issue: many companies don’t fully understand the true cost or return on investment of incentive compensation, and have no way to properly measure or report on their programs’ business impact. READ MORE
More work, same salary. How employees should respond to a 'dry promotion'
Soon after Kay took on a new role at an e-commerce company in the fall of 2023, the responsibilities began to pile up.
Kay – who asked USA TODAY to not use her full name for fear of losing her job – was originally told she would oversee customer service agents as a team lead. But with the rapid advancements in AI chatbots like ChatGPT, her job shifted to a high-stakes position focused on automating customer support. READ MORE
Salary Threshold Increase for Exempt Employees Blocked
A federal district court in Texas has blocked a U.S. Department of Labor (DOL) final rule that would have increased the salary thresholds for certain exempt employees on January 1, 2025. As a result, the rule —and its accompanying threshold increases — will no longer go into effect, and the salary threshold increase that took effect on July 1, 2024, has been undone. For employers already dealing with a host of new laws taking effect in 2025, the decision may bring some relief, along with uncertainty of what to do with the changes they may have already made. READ MORE
Elon’s Shocking $56 Billion Yearly Pay: Is It Too Much?
Elon Musk, the CEO of Tesla, has recently faced another legal setback regarding his massive compensation plan. Judge Kathaleen St. J. McCormick of the Delaware Court of Chancery upheld her previous decision from January to cancel the $56 billion package awarded in 2018. Despite a second shareholder vote in June to reinstate it, the judge ruled that the initial process was “deeply flawed” and that the subsequent vote did not rectify these issues. READ MORE
DEI-Tied Executive Pay Loses Ground at Companies Amid Backlash
More companies are ditching diversity, equity, and inclusion metrics to help determine their executives’ compensation amid a conservative backlash against corporate DEI programs.
The pullback, however, doesn’t mean the popular tie-in has been abandoned. In fact, a majority of S&P 500 companies and more than 40% of Russell 3000 firms that use environmental, social, and governance metrics in executive pay still link compensation to achieving DEI goals, according to a report the Conference Board, ESGAUGE, and FW Cook released Thursday. READ MORE
Research finds CEOs innovate — or don’t — based on compensation packages and input from analysts
West Virginia University research shows the stock market shapes chief executive officers’ commitments to innovation through mechanisms that range from CEO pay packages to feedback from financial analysts.
“The investment industry usually views financial analysts’ feedback, such as earnings forecasts, as impeding innovation because of the pressure the feedback puts on CEOs,” said Xinchun Wang, associate professor of marketing at the WVU John Chambers College of Business and Economics. “But not all feedback provided by analysts generates that kind of pressure. Stock recommendations actually foster explorative activities like research and development — investments that, although risky, can positively affect long-term returns.” READ MORE
Trump said he'd consider raising the minimum wage. His own party may get in the way.
Over the weekend, President-elect Donald Trump said he'd consider raising the federal minimum wage, saying that the current rate of $7.25 per hour is a "very low number."
"There is a level at which you could do it, absolutely," Trump said in an interview with NBC on Sunday, declining to commit to a particular dollar amount. "I would consider it. I'd want to speak to the governors." READ MORE
Amazon founder Jeff Bezos kept his base salary modest during his 20 years as CEO. It likely saved him millions in taxes
Currently worth $246 billion, Jeff Bezos is one of the richest men in the world. So it may come as a surprise to learn he kept his Amazon salary at just over $80,000 for decades.
“My view was I was a founder, “ the former CEO and founder of Amazon told The New York Times. “I already owned a significant amount of the company and I just didn’t feel good about taking more.” READ MORE
These 20 companies offer the best compensation in 2024, according to employee ratings
Want a raise? You may want to look for a job at Paycom, Boston Consulting Group, or Adobe.
Those three companies topped a new list of large firms that offer the “best compensation,” compiled by workforce culture and compensation monitoring platform Comparably. READ MORE
Total Rewards Takeaways from the Recent U.S. Election
Each Presidential election in the United States brings with it the chance of large-scale change by a new administration. In President-elect Donald Trump’s case, the administration isn’t technically new, but it is only the second time in American history that a former President has won back the White House after a one-term absence — so that adds a somewhat different twist to the process. The bottom line as we head into 2025: Prepare for a shakeup. READ MORE
Minimum wage set to rise in 23 states next year as $15 an hour, and beyond, picks up steam
Minimum wage hikes traditionally have been aimed at helping low-paid workers afford the basics, such as food, medicine and housing.
But a growing number of states and localities are raising their pay floors to $15 an hour or above, providing workers a somewhat larger financial cushion so they can not only pay for essentials with less of a struggle but also make some discretionary purchases. READ MORE
3 Remote Jobs That Pay Up To $150,000+ In 2025
In recent years, the job market has been rocked by major global events such as the COVID-19 pandemic, the widespread adoption of AI (artificial intelligence), and mass layoffs as a direct result of these two influences and their impact on the economy and business operations, which have made many Americans question their standing in the job market and the reliability of specific roles. Remote jobs (and their decline with RTO mandates and evolution into hybrid roles) have been another cause of concern for workers. Naturally, many professionals desire jobs that will give them career stability and are anxious to set up their careers for long-term success, especially when faced with the threat of a recession due to the economy and inflation. READ MORE
Comp for M&A teams: Are you doing enough to keep these busy employees?
As 2025 quickly approaches, many organizations are gearing up for growth. According to recent Gartner research, more than 60% of C-suite execs surveyed say business growth is their top priority, a marked increase from last year—and the highest percentage invested in growth in a decade. For some of these organizations, growth will be found through mergers and acquisitions, which are predicted to rise around the globe. READ MORE