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The nearly four-week-old strike between Boeing and its key manufacturing union showed no signs of a breakthrough after talks broke down on Tuesday, with no new negotiations planned.
The U.S. planemaker withdrew its pay offer to around 33,000 U.S. factory workers, saying the union did not consider its proposals seriously after two days of talks. READ MORE
There are few things as stressful — and consequential to your future earnings — as negotiating the salary of a new job. We’re routinely told that hiring managers expect you to negotiate when they make an offer, yet a majority of workers don’t initiate it at all.
Even fewer people, then, may think about negotiating aspects of a compensation package beyond the base salary on offer. READ MORE
How much you earn varies greatly depending on where you live, and also where you are in your career. Are you just starting out? In your peak earning years? Or are you retired?
According to a recent study by Scholaroo, overall, Generation X has the highest salaries in the country. But they aren't bringing in big bucks in Mississippi, where millennials, Generation X and baby boomers all have the lowest median income. Gen Z has the lowest salaries overall, and their median salary is the lowest in West Virginia, the study found. Meanwhile, the highest-earning boomers are in Hawaii. READ MORE
In a sign of a possible market recovery, initial public offerings have raised $27.3 billion during the first nine months of this year, 40% more than the same period in 2023 but well below levels early this decade, according to EY.
The payoff for companies that turned to the IPO market during the period exceeded returns on benchmark stock indexes, yielding average gains of 23.9% compared with increases ranging from 10.4% to 18.1% in the S&P 500 Index, the NASDAQ and the Dow Jones Industrial Average, EY said. READ MORE
Pay transparency is now a norm for many US employers, according to recent surveys, thanks to a wave of legislation requiring businesses to share information about salaries in job postings.
But transparency can also reveal pay inequities within organizations, prompting questions for HR leaders. The surveys also indicate employers are starting to develop strategies to address pay equity, and in some cases are budgeting for raises to address compensation gaps within their workforces. READ MORE
As more companies have started posting job listings with pay ranges—in part due to state laws mandating some measure of pay transparency—many job seekers are now armed with more information when they enter into salary negotiations.
But the salary information in job listings can also prove misleading, especially when employers provide broad pay ranges that span over $50,000 (or even up to $100,000), since prospective hires may assume they will slot into the top half of a salary band. READ MORE
Tying some amount of executive compensation to a company’s ESG performance has become more common among U.S. public companies over the last generation, Adam B. Badawi and Robert Bartlett write in a new paper.
But ESG-related pay remains a very modest part of total CEO pay and is awarded with unusually high frequency, find Badawi, a professor at UC Berkeley School of Law, and Bartlett, a professor at Stanford Law School, in their article “ESG Overperformance? Assessing the Use of ESG Targets in Executive Compensation Plans,” available on www.ssrn.com. READ MORE
In today’s challenging economic environment, where many businesses struggle to provide regular pay increases, it's becoming essential to explore alternative ways to reward and recognise employees. As financial constraints continue to affect organisations, offering creative compensation strategies beyond traditional pay raises can help boost employee satisfaction and retention.
According to ADP's "People at Work 2024: A Global Workforce View" report, 77% of workers globally expect a pay rise within the next 12 months. However, for many businesses, meeting these expectations may not always be feasible. The good news is that there are various non-monetary alternatives that employees value and that can have a positive impact on workforce morale. READ MORE
In the dynamic landscape of acquiring and managing sales talent, organizations often grapple with the challenge of developing compensation plans that are both motivating for new hires and fiscally responsible. READ MORE
When it comes to 2024 results and the end of the recent proxy season, WTW’s U.S. executive “say on pay” research covering the Russell 3000Open in a new tab showed a continuation of the 2023 data trend.
Brian Myers, a North America governance team lead and the director for executive compensation at WTW, explained that results from the 2024 proxy season identified persistent strong support (from both proxy advisors and shareholders) for pay plans that began in 2023 — with pay and performance alignment influenced by strong stock price movement to date. READ MORE
In 2021, the state government of ColoradoOpen in a new tab caused a stir when it began requiring employers to disclose pay ranges on job postings. Although the state of MarylandOpen in a new tab and the cities of CincinnatiOpen in a new tab and ToledoOpen in a new tab in Ohio had already enacted pay transparency laws in 2020, they did so without the visibility that Colorado’s law required. Additional states and municipalities have since enacted pay transparency laws or proposed changes that strengthen their existing laws — and the list is growing. READ MORE
If you want to increase your salary or achieve success in your career, gaming may be the perfect strategy. There is evidence that gaming as a child is linked with better pay and more promotion as an adult—and you can accomplish similar results with continued gaming as well.
It’s a tough job market today and there is tons of competition not only for the best roles, but also the best projects and promotions. Employers are looking for those with brilliant thinking and problem-solving skills in addition to people who embrace tech and who can cope with all of the current challenges. READ MORE
As the 2024 proxy season comes to a close, we reflect on key executive compensation trends and consider any lessons learned. This article discusses three such trends. In general, 2024 was not significantly different from 2023 but we did see the second year of pay versus performance disclosures. We also saw support for say-on-pay proposals increase this year and a diverse range of executive compensation-related shareholder proposals. READ MORE
Amidst the debate over corporate ESG and DE&I practices, Teneo’s analysis of recent S&P 500 proxy filings reveals an interesting trend: the practice of including DE&I metrics in executive compensation is not only widespread, but increasing in prevalence.
Contrary to headlines suggesting a retreat from DE&I pay measures, our findings indicate more companies have added DE&I metrics to compensation plans than removed them in 2023. However, a notable shift has occurred – many companies are disclosing less detail about the specific DE&I metrics and goals impacting executive payouts. This shift, likely a strategy to reduce backlash from anti-DE&I activists, clashes with investor demand for transparency and the trend towards increased disclosure that began before the inception of say-on-pay. As companies navigate this complex landscape, they must consider the governance and shareholder implications of altering their DE&I pay-related disclosures. READ MORE
Sam’s Club will raise pay to incentivize workers to stay with the company — and not jump ship to Costco.
Sam’s Club, the membership club arm of Walmart, will increase its minimum wage to $16 starting in November from $15 an hour. It will also raise wages for its nearly 100,000 employees, ranging from 3% to 6% depending on their tenure. READ MORE
At the height of the Great Resignation a few years ago, salary increase budgets told the story: Employers were willing to pay a premium to get workers in the door. Today, that urgency has lessened slightly, as organizations navigate a changing job market amid a backdrop of economic uncertainty.
New research out this week from The Conference Board found that—of the 300 compensation leaders the organization surveyed—projected salary increase budgets for 2025 are expected to edge up about 3.9%, a slight increase from the actual 3.8% these organizations reported this year. While the figure is among the highest projections the agency has seen in the last two decades, researchers say, it represents a drop from the actual increases of 4.4% in 2023. READ MORE
While pay continues to be a leading factor in attracting top talent, some employees indicate other factors — such as a business’ brand and reputation or organizational culture — may weigh more heavily than compensation in their decision to work for a company. READ MORE
A U.S. appellate court on Wednesday, Sept. 11, upheld the authority of the Department of Labor (DOL) to consider salary level as the basis for determining exemption eligibility under federal overtime pay requirements.
The decision came courtesy of the U.S. Court of Appeals for the Fifth Circuit, which delivered a unanimous three-judge panel verdict for the defense in the case Mayfield v. U.S. Department of LaborOpen in a new tab. READ MORE
The worst of rising prices seems to be over, but most Americans are still feeling the pinch when they go shopping.
That’s because most people’s wages have yet to catch up with the cumulative effects of inflation since it started to rise rapidly in 2021. READ MORE
Workers’ wages will take longer to recover from inflation than previously expected, as actual prices rose more than projected and worker compensation fell short of expectations so far this year. READ MORE