• 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.

  •  
  • 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.

  •  
  • 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.

  •  
  • 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.

  •  



SEARCH
GET PAYSCALE NEWS
Sign up for the latest tips and tricks in compensation from PayScale.
Sign up for PayScale News
Career News
SOCIALIZE WITH US
CATEGORIES