• Will recent pay increases for minimum wage workers affect those in higher earning brackets?

    Co-written by Mykkah Herner, PayScale Comp Specialist and Tess C.Taylor, Founder of HR Knows

    Around the nation, large corporations are taking the minimum wage issue to heart by instituting salary increases for their most underpaid workers.

    Companies like McDonald’s, Wal-Mart, Target, and TJX, the parent company of TJ Maxx and Marshalls, have announced plans to raise wages by as much as $1 or more per hour, with more raises coming for the beginning of 2016. This is good news for the millions of entry-level and minimum wage workers who typically earn just above the poverty line in many U.S. states.
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  • It’s not a skills gap, it’s a skills challenge

    Crystal Spraggins, SPHR

    The height of the Great Recession brought talk of the skills gap front and center. As millions of job seekers took to the Internet to complain about boorish recruiters, clueless hiring managers, and broken hiring processes (including endless rounds of interviews), employers claimed they couldn’t find enough qualified workers to fill their job openings.

    Workers shot back that there were plenty of qualified candidates—employers were simply taking advantage of the slow economy to be overly demanding, ridiculously exclusive (no long-term unemployed or older workers need apply), and cheap. The term “purple squirrel” became a conversation staple.

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  • Show them the money: Economy surges, but employee wages slow

    Crystal Spraggins, SPHR

    By most reports, the U.S. Economy is in better shape than it’s been in a long while. Although employers only added 126,000 jobs in March (far below the 295,000 added in February), we’ve seen an average of 269,000 jobs per month over the past year, according to the Bureau of Labor Statistics (BLS).
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  • McDonald’s employees not exactly “loving” planned benefit and wage increases

    Crystal Spraggins, SPHR

    Last week, McDonald’s announced it will increase benefits and raise wages for 1,500 employees in its company-owned stores.

    Nearly 90,0000 workers will receive paid time off, educational assistance, and an additional $1 an hour over the federal minimum. These changes are slated to take effect July 1, 2015.

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  • Will Apple’s wage increase for drivers close the gap between the haves and the have-nots?

    Crystal Spraggins, SPHR

    Amidst all the talk about how nobody needs unions anymore comes what many would say is a major union victory.

    Earlier this month, Apple announced it will be initiating major improvements to the wage and benefits programs of its 150 commuter drivers (i.e., the drivers who shuttle Apple employees back and forth to work). The drivers had already agreed to be represented by the Teamsters Union.

    It seems that even Apple, an industry giant by any standards, is beginning to realize that if they're not paying their workers, someone else will.

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  • Staying ahead of compensation trends

    Comp trends image

    Jessica Miller-Merrell, blogging4jobs

    As we round out 2014, compensation and benefit specialists should pay special attention to pay trends.

    For example, according to a recent study by WorldatWork, base salaries will rise by 3.0% in 2015. Knowing the average will put you in a better position to determine whether your pay increases will meet, exceed, or lag behind the market.

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  • Should minimum wage be bumped up to $15 in Toronto?

    header_CanadaMinWageHike

    Tessara Smith, PayScale

    Minimum wage workers everywhere are beginning to take a stand for higher wages. Inflation is continuing to skyrocket and the salaries of lower level workers don’t seem to be keeping up with this trend.  It is becoming apparent that the annual income of lower level workers is hardly livable not only in the United States, but also in Canada. The salaries of minimum wage employees in Canada are not substantial enough for citizens already struggling to cover the ballooning costs of everything. The longer the gap between inflation and wages goes on, the more citizens are pushing for a pay day. Canadian Labor activists have even gone as far as delivering MPP’s with a block of ice containing $10.25, Ontario’s minimum wage since 2010. The people have made it clear; it is time for sustainable wages to become a reality.

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  • The PayScale Index: minimal wage growth of 0.3 percent forecast for Q3

    Index Q3 2014

    Laleh Hassibi, PayScale

    The Q2 2014 PayScale Index shows inconsistent wage growth across the board, as some industries such as IT and oil and gas experienced solid year-over-year gains, while wage growth in other industries actually declined. The PayScale Index also forecasts national quarterly wage growth in Q3 of 0.3 percent, resulting in sluggish annual wage growth of 1.9 percent. In addition, the PayScale Index shows real wage growth is down almost 8 percent since 2006, a measure that is calculated by analyzing nominal wage growth and the average change in price of a fixed basket of goods and services.

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  • Stock options won't go the way of the Dodo Bird

    header_StockOptionsArentDodos

    Dan Walter, Performensation

    An August 27, 2013, there was an article in the Wall Street Journal titled “Last Gasp for Stock Options?” The writer, Emily Chasan, starts the article with this sentence: “Stock options are on the verge of extinction.” Since Emily just came out and said it, I won't bury the lead either.

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  • What the Skills Gap DOESN’T Mean for STEM Jobs

    header_STEM

    Jessica Miller-Merrell, blogging4jobs

    The skills gap is a growing concern for employers across America and there is no better example than in science, technology, engineering and math (STEM) industries. Of more than 4000 companies PayScale surveyed, 67% report having a skills gap in 2013. Its effects are felt by companies that are constantly under pressure to develop advanced technologies, but it’s also felt by companies across every imaginable industry simply filling positions in IT and related departments. In fact, the Bureau of Labor Statistics estimates that there will be 8,654,000 jobs in STEM jobs in just five years, and that’s not even including self-employed professionals. Job creation is certainly a positive thing, but 42 percent of employers believe that employees will enter the workforce unprepared for STEM jobs.

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