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When it comes to paid time off from work, America doesn’t have the best reputation. Last year, researchers named the U.S. one of the worst countries in the world for giving employees paid leave.
American workers get an average of 10 paid days off per year, according to careers site Zippia. While this increases slightly after five years with the same employer, it’s still far less than workers in other parts of the world are entitled to—often by law. READ MORE
Employer compensation costs for private industry workers averaged $40.79 per hour worked in March 2023. Private industry compensation costs were $15.91 at the 10th percentile, $30.26 at the 50th percentile (median), and $78.42 at the 90th percentile. READ MORE
In 1933, the U.S. government asked 2,000 corporations listed on stock exchanges in New York to disclose how much they paid their top bosses — its first effort at making the pay of executives more visible. The idea was to encourage the “more conservative management of industry,” The New York Times reported when it published some of the results on its front page. READ MORE
It seems to be the season for talking about CEO pay—especially the ratio of CEO to more typical employee pay. It’s not clear why that is happening now—possibly a slow news time—but nevertheless, the topic is making headlines, with the operative questions being, why does CEO pay keep going up and does it matter what that ratio is? READ MORE
The average salary in the United States is close to $100,000, but don’t be fooled, as the vast majority of Americans earn much less. Less than 20 percent of individuals say that they earn a six-figure-plus salary according to Zippia, and slightly more than a third of households.
And of those that do, the number that feel that they live paycheck-to-paycheck has been increasing, jumping seven points in just one year to 45 percent in 2022. One of the main factors is the cost of living which varies across the nation generally more expensive on the East and West coasts and in major metropolitan areas in between. READ MORE
The work can be demanding and full of stress. But you get paid more than everybody else — vastly more, as the latest numbers remind us.
We know how much more bosses are paid because every year, thanks to the Dodd-Frank law of 2010, publicly traded American companies must reveal to their shareholders a trove of information about the compensation of top executives. What’s more, companies must compare the rich earnings of their leaders with the pay of ordinary workers. READ MORE
Some drivers for Walmart's delivery platform Spark say there's a growing problem on the app involving users who deploy bots to hoard orders and make it harder for other drivers to get deliveries.
A group of drivers who said they had been affected by the prevalence of bots in their area held a demonstration in front of a Walmart Supercenter in Cicero, Illinois, on Thursday, as reported by the Chicago Tribune. READ MORE
Happy, engaged employees tend to be more productive and creative – and less likely to quit. While businesses should always strive to provide fair and competitive compensation, employee happiness isn’t just about money. Employees genuinely appreciate the opportunity to make a difference and be recognized for their contributions.
Business owners and managers interested in achieving better employee retention rates can enact policies, offer perks and foster a company culture that boosts employee well-being and improves productivity. When employees can achieve a positive work-life balance and pursue a meaningful career path, everyone wins. READ MORE
DoorDash said it is changing the way it compensates its food delivery workers by giving them the option of earning a minimum hourly wage, rather than be paid by delivery.
The change comes amid criticisms of gig-economy services like DoorDash that their workers may not even earn the minimum wage due to the way the companies structure their pay, which are typically based on per-service fees rather than hourly rates. READ MORE
Labor market pressures and the importance of staff retention mean that setting compensation effectively is more important than ever. In the Mercer Global Talent Trends 2022-2023 report, improving strategic workforce planning and reconsidering compensation setting were ranked the second and fourth overall priorities for HR leaders. With complications arising from remote work (allowances, expense reimbursements), having a cohesive compensation policy can be difficult enough in a regular company, but when you run a global company, there are extra challenges. READ MORE
“Quiet quitting,” “Bare Minimum Mondays” and “acting your wage” were the slogans workers lived by during the Great Resignation. There were sufficient jobs available to pick and choose opportunities. Knowing they were in the driver's seat, employees could push back on bosses by doing only the basic amount of work required with little effort or enthusiasm. READ MORE
The Biden administration may shelve a Department of Labor rule that would have changed how the U.S. government sets prevailing wages for H-1B professionals and employment-based green card applicants. Employers are likely to welcome the move since the Trump administration had attempted to use the wage rule to price out of the labor market many foreign-born scientists and engineers. READ MORE
Claiming he could easily fit into a similar position at most companies, local CEO Mike Waltke told reporters Monday that his skill set was transferable to any job that requires an inept dumbass to receive a big salary. READ MORE
The key to pay satisfaction is a bigger salary, right? Not exactly.
A majority of workers feel they’re fairly paid, but at the top of the list are independent workers across all industries, according to a recent survey of 2,500 American workers. The findings suggest that while earning what you think you’re worth is important, so is having some power over when and how much you work for the money. READ MORE
Former Hertz Corp. chief executive Mark Frissora defeated the company’s lawsuit seeking to claw back his incentive compensation following his 2014 resignation in connection with an accounting scandal.
Hertz accused Frissora of violating the company’s clawback policies on incentive compensation and its standards of business conduct. But none of these policies are binding, standalone contracts that the company can enforce through a breach-of-contract action, Judge Evelyn Padin of the US District Court for the District of New Jersey said Monday. READ MORE
Clawback compensation has been a longstanding tool for both public and private companies to recoup excesses paid to employees after the occurrence of certain untoward events. For example, it is not uncommon to find clawback clauses in separation agreements of public and private companies that operate to take back severance if the former employee breaches nondisclosure, non-solicitation, or non-compete agreements. Various executive compensation plans can likewise incorporate clawback provisions entered contractually by private companies. READ MORE
As an avid researcher and data enthusiast, I recently embarked on a fascinating journey to uncover the cities in the U.S. where your dollar stretches the furthest.
My curiosity led me to pore over the United States Census Bureau’s 2020 American Community Survey, where I meticulously analyzed and ranked 100 cities. The criteria? They had to boast both a median household income and a mean household income above the national average. READ MORE
HR leaders are increasingly facing sleepless nights over rapid changes in the world of compensation—as pay transparency laws sweep the country, illuminating pay equity issues and their own need to develop data-crunching skills and savvy.
These three issues—pay transparency, pay equity and data analytics skills—were cited as top concerns among HR leaders at the WorldatWork conference last week in San Diego. READ MORE
Free lunch and game nights and live concerts — oh boy!
These are some of the perks a growing number of U.S. employers are dangling in front of workers, in hopes of luring them back to the office. Companies are also relaxing their dress codes, adding commuter benefits and even raising salaries to entice employees. READ MORE
Twitter failed to pay out annual bonuses to staff after its acquisition by billionaire Elon Musk despite repeated assurances from executives in the lead-up to the deal closing that the company would do so, according to a new lawsuit filed on behalf of employees. READ MORE