• College ROI: What’s Different for 2014?
    Today PayScale released our 2014 College Return on Investment (ROI) Report and for those who are avid consumers you might notice some changes from previous years. We have refined our methodology this year to deliver what we believe is the most accurate representation on monetary ROI of a college degree.
  • Buying Power of Incomes Is Dropping

    Were you one of those lucky few who were able to hold onto your job during the Great Recession, but still feel the pinch when it comes time to pay bills or buy groceries? Well, you are not alone.

  • Does It Matter Where You Go to School?

    In a time of rising education costs and crippling student debt, future college students need to ask themselves whether the big ticket prices of certain colleges are worth it. In other words, does it matter where you go to school? Will graduating from a top-tier school bring you more financial success?

    Using our extensive database here at PayScale, we decided to take a look at the typical earnings for graduates of common majors and how they differ across a set of schools with different levels of notoriety.

    (Note: find out your earning potential at PayScale.com.)

  • Equal Pay Day Is Misleading

    For those of you who are interested in gender pay gaps, you likely know today (April 17th) is Equal Pay Day. This date "symbolizes how far into 2012 women must work to earn what men earned in 2011," according to the National Committee on Pay Equity.

    However, this statement is misleading and construes the facts about gender pay differentials. Yes, it is true that the average pay of female workers is less than the average pay of male workers. In fact, according to the Bureau of Labor Statistics (BLS), median full-time female workers' pay is only 81 percent of median full time male workers' pay.

    The issue with these generic statements is they do not control for differences between the two genders that can account for much of this pay gap. Together with the New York Times Economix blog, PayScale took a deep dive into gender pay differentials to see what differences do exist once you control for outside factors. Continue reading after the break to see what we found.

  • Trends in Tips

    Trends in Tips

    Tips are a way of life for many service industry jobs. In fact, for some jobs tips make up over 50 percent of a worker's total take-home pay. During tough economic times these workers often suffer from a decrease in their tips, both due to a decrease in consumerism and to a decrease in generosity.

    This is exactly what we found in our Tipping Study in 2009 -- the year after the beginning of The Great Recession, tips on average fell. However, the opposite is often true during good times. Tips rise as consumers feel their budgets loosen, causing both an increase in consumerism and a potential increase in generosity.

    Today PayScale released our sixth annual Tipping Study, which highlights over 90 jobs that receive tips, the typical amount of these tips, the percent of total take-home pay from tips and the frequency of tips.

    Do you work in a job where pay is dominated by tips and curious about how your pay compares to others like you? Find out with a free PayScale salary report.

  • Pay Goes Nowhere after 40

    In a recent project with blogger/career guru Penelope Trunk, we examined the age at which salaries top out. It turns out pay goes essentially nowhere after age 40. Of course there are some differences across gender, degree level and jobs, but the real lesson is don't expect a raise of any real value in the 25 or so years before retirement.

    In this post I will discuss some interesting insights from the data, as well as how the age at which pay growth stops differs across various worker characteristics.

    Are you earning what you are worth, given your experience, degrees, location and other critical factors that affect your pay? Find out with a free PayScale salary report.