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  • Time to Ask for a Raise? What the PayScale Index Says

    PayScale recently released the Q3 2011 PayScale Index. The PayScale Index tracks pay trends by location, industry and job category. A salary index that says how much pay has changed in the last year seems like a great source for figuring out if you should ask for a raise. But, how should you use it?

    The PayScale Index is part of what you need to ask for a salary increase, but not everything. In this post, we will discuss how to figure out whether you are due a raise.

    Before you can ask for a raise, you need to know what you are worth. Find out with a free PayScale salary report.

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  • Is College a Good Investment?

    Together with Bloomberg BusinessWeek, PayScale on Monday released a report on the return on investment (ROI) in education at 554 bachelor's degree granting colleges and universities

    All together, the PayScale College ROI Report ranked 852 possibilities, evaluating public universities for both in-state and out of state tuition costs.

    Why evaluate college tuition as an investment? There is a clear analogy from the housing market.

    Conventional wisdom used to say that buying a house was always a great investment, offering returns of 10% or more a year. As many have painfully learned over the last few years, buying a house at the wrong price can be a bad investment, particularly if you borrowed too much to pay for it.

    Conventional wisdom also says that paying for tuition, room and board for a 4-year bachelor's degree, no matter what the cost, is a great investment, offering long term returns of $1,000,000 or more over going to work straight out of high school.

    The PayScale College ROI report shows that the return varies tremendously across schools. Netting a million dollar payday is far from a sure thing.

    In the next few blog posts, I'll cover the basics of our methodology, why we made the choices we did in calculating ROI, some guidance on how to use this to evaluate college choices and costs, and respond to some of the criticisms.

    Whether you went to college or not, are you earning what you are worth? Spend 5 minutes completing the PayScale online salary evaluation survey and know.

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  • Fair Pay: Is it legal for men to be paid more for the same job?

    I am not a lawyer, so take this with a big grain of salt. The Equal Pay Act (EPA) of 1963 says that it is unlawful in the United States to pay women less salary than men for work that is "substantially equal." The law specifies that men and women must be paid equally for similar work unless the salary difference is based on seniority, experience, or other legitimate factors. At the time of the EPA’s passage, women made 58 cents for every dollar brought home by their male counterparts. The EPA was established to level out this salary imbalance.

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