Earlier this year, I wrote a piece for Forbes.com about a Resume Genius report identifying the 10 highest-paying jobs for introverts in 2024. Now, there’s a new analysis that matches your personality type to 16 of the highest-paying jobs available this year, some offering six-figure salaries that could guide you to a higher-paying career. To help job seekers discover these opportunities, Resume Genius released its Myers-Briggs Highest-Paying Jobs Report, matching the best-paying careers for each of the 16 Myers-Briggs personality types in 2024. READ MORE
MBA Salaries: How Much Can You Make?
A six-figure MBA salary is one of the main reasons people see pursuing a Master of Business Administration degree as a golden ticket. When deciding to pursue an MBA vs. a master’s degree, salary was definitely one of the things I considered.
So, what exactly can you expect to make after earning your MBA? READ MORE
4,500 Companies Now Pay Their Employees in Bitcoin Using Bitwage
As Bitwage celebrated its 10-year anniversary today, the company highlighted its growth in enabling Bitcoin and crypto payroll solutions. Since 2014, Bitwage has focused on bringing transparency and efficiency to global workforce payments.
Bitcoin and crypto payroll platform Bitwage announced it now serves over 4,500 registered companies and 90,000 registered users that leverage its services to pay employee salaries in Bitcoin and stablecoins. READ MORE
As inflation cools, employee pay raises are on the decline
If you could turn back time.
In the summer of 2022, the unemployment rate was 3.5% and workers were in the driver's seat, demanding higher salaries, greater growth and promotion prospects, and more desirable benefits. READ MORE
An Innovative, Best-Fit Approach to Design Executive Comp Programs
Executive compensation design has truly evolved over the past three decades. In the mid-1990s, the typical executive pay package was base salary, annual incentives and a grant of plain-vanilla stock options. The attraction of options was due to the technology industry’s influence (plus the strength of the “dot.com” stock market) and the lack of accounting expenses on option grants. READ MORE
What Is Happening With Salary Increases In 2024?
The first six months of 2024 ushered in a notable decline in salary increases in many countries around the world, while remaining higher than averages over the past 20 years and generally above inflation. Amidst market volatility and changes, effective leaders understand and plan for the relationship among salary increases, labor shortages, inflation, and recession concerns. READ MORE
Change your job for better salary, company loyalty doesn’t pay, says HR expert; but, there’s a catch
"I don’t think loyalty pays off," said Vera Lau, a 27-year-old who has worked at three different firms over the years on the concept of corporate loyalty.
Talking to CNBC Make It, Lau, who is part of the generation that has been challenging corporate norms, GenZ, said that loyalty is “very transactional.”
"You’re only valuable for as long as they see you as valuable. If you don’t learn and you don’t earn, it’s time to go," she said. READ MORE
These are the top 10 fully remote jobs that make $100,000-plus per year
When people think of remote jobs, rarely do they think they’ll be making a substantial salary. However, there are several industries that offer fully remote, in-demand jobs that have salaries of more than $100,000.
If you’re looking to land a six-figure job or are asking yourself what jobs are in demand, look no further. FlexJobs analyzed its job database from February 1, 2024, through July 30, 2024, to find the most in-demand, fully remote jobs that offer high salaries. The list below features jobs that offer $100,000-plus annual salaries, according to Payscale. READ MORE
3 strategies to optimize executive pay in your organization
Well-structured executive compensation packages can attract talented leaders to C-suite and top-tier management positions. Companies must consider the impact those offers might have on their employees and businesses.
Providing a clear rationale for high-level salaries and benefits supports employee productivity and morale throughout an organization. Getting it wrong can have a detrimental impact on company culture and can also lead to fines, sanctions, tax penalties, lawsuits or reputational damage. READ MORE
Jack Daniel’s Maker to Stop Tying Executive Pay to Diversity Targets
Jack Daniel’s whiskey maker Brown-Forman Corp. became the latest company to scrap corporate diversity, equity and inclusion programs as pressure increasingly grows from conservatives.
The company sent a letter to employees on Wednesday informing them that Brown-Forman was going to stop linking executive compensation to progress on DEI. The company said it will also end its participation in an annual ranking of companies with an LGBTQ-friendly work environment. READ MORE
CEOs earn big bucks at nonprofit hospitals. But does that benefit patients?
Nearly half of hospitals in the U.S. are nonprofits, which means they don’t pay local, state or federal taxes. In return, the hospitals provide medical care, a social benefit, to their communities.
They’re also expected to provide some charity care to patients who cannot pay, and deliver services that promote community health, such as vaccine clinics or cancer screenings. READ MORE
The Dilemma of Director Compensation in Public Companies
As stewards of shareholder interests and overseers of corporate governance, directors play a pivotal role in guiding companies towards sustainable growth and success. Ensuring that directors are fairly compensated for their time, expertise and responsibilities is essential for attracting top talent and aligning interests with those of shareholders. However, striking the right balance between providing competitive compensation and maintaining accountability is crucial in fostering effective corporate governance. In this article, we'll explore the complexities of director compensation in public companies and the principles that underpin its design. READ MORE
US workers more glum on compensation and work prospects, New York Fed says
U.S. workers are growing more sour with their employment compensation, according to a survey released on Monday by the New York Federal Reserve.
In its Survey of Consumer Expectations Labor Market Survey for July, the regional Fed bank said that as of last month, "satisfaction with wage compensation as well as with non-wage benefits and promotion opportunities at respondents' current jobs all deteriorated." READ MORE
Most big-company clawback policies go beyond SEC rules
Four out of five companies with market caps of $10 billion or more require executives to give back incentive-based compensation in amounts and for reasons that go beyond what the Securities and Exchange Commission requires in its clawback rules that took effect in January, according to an analysis of 2024 proxy filings by FW Cook.
Almost 70% of these companies apply clawbacks to more executives than what the SEC calls Section 16 executives in its rules. READ MORE
Why every company needs a proper compensation strategy (and how to start designing one)
In the year to April 2024, many employees could be excused for thinking things were brightening up when it came to wages.
The first bit of comfort was that average employee pay grew by a very healthy 4.7%, compared to an inflation rate of 3.4%. Result: real extra money in people’s pockets.
In fact, wage growth so far for 2024 is above average in 47% of job sectors (compared with 2019). READ MORE
Cash or Credits? Walmart, McDonald’s Explore New Kind of Employee Compensation
Working while attaining a degree can be difficult – especially in the retail and foodservice sectors – but some companies aim to change that. New initiatives at large employers like McDonald’s, Walmart, and Amazon aim to make on-the-job experience count toward college credits, according to NPR. READ MORE
Potential IRS Warning Announcement for Reasonable Compensation Audits
In case you missed it, the IRS has recently updated the CP 261 Notice that is sent to all new S Corporations when their S election has been accepted. In the “Keep in Mind” section, the IRS added the following:
“Payments to shareholder-employees for services rendered: READ MORE
Most U.S. workers think they’re paid unfairly. Can tech help?
When I was a kid, my father owned a coffee shop. For his 10 or so employees, my Dad had a simple pay philosophy: If he liked someone, he paid them more.
Of course, that’s not how major corporations pay people—in theory, anyway. Most corporations have a detailed compensation policy that explains how everyone, from employees to contractors, should be rewarded. But at the individual manager level, these policies are often overshadowed by personal opinions. Most compensation politics are hard to enforce at scale, and as a result, pay remains a frustrating and deeply emotional issue for workers. And pay discrepancies have led to entrenched inequities, disappointed employees, and calls for improved pay transparency. READ MORE
A Salary-To-Present Value Ratio To Inform Compensation Decisions
I'd like to present an innovative framework using a salary-to-present value (PV) ratio that I've found helpful in assessing employee contributions. Collectively, I like to call this the Mudholkar Critical Role Ratio.
This framework and ratio can help encapsulate an employee's current and future value to an organization, providing invaluable insights into their criticality to your company and, thus, the fairness of their compensation. READ MORE
The Unintended Consequences Of California’s $20 Minimum Wage For Fast-Food Workers
California officials are reportedly considering a further increase to the recently implemented $20 minimum wage for fast-food workers. The California Food Council, which was established by Governor Gavin Newsom, is planning to propose an additional 3.5% raise for 2025 at their upcoming meeting in late July, according to Restaurant Business.
California’s minimum-wage law, which went into effect in April 2024, currently requires that fast-food restaurants with 60 or more locations nationwide increase their workers' pay to $20 an hour, which is $4 higher than the state’s minimum wage. READ MORE