Category: Compensation Plans
The Great Recession hit the U.S. economy pretty darn hard, and American workers are still recovering. We've learned, in recent years, that an improving economy doesn't necessarily mean better pay for workers. However, despite these challenging economic trends, top executives continue to earn huge sums of money, especially compared with how much their employees make and when measured against how much people in their position used to earn in decades past. Let's take a look at a few facts about CEO pay and also examine why it really does matter, quite a lot actually, to you and your employer.
The student loan debt crisis is having a real impact on individuals and the economy in general. As a result, some lawmakers want to encourage employers to help their workers pay down their student loan debt. One proposal, for example, would grant businesses and workers a tax break.
Some of the legal decisions that were made in 2015 didn't do much to help workers. For example, Wisconsin was added to the list of Right-to-Work states this year. Many feel that these laws, which change how unions collect fees from the workers they represent, hurt unions and the middle class. In other disappointing news, the U.S. Supreme Court ruled on the Integrity Staffing Solutions vs. Busk case, mandating that companies are not required to compensate workers for the time they spend in security-screening at the end of their shifts – or for any task that's not an "integral and indispensable" part of their job, for that matter. But thankfully, the legal news for workers wasn't all bad this past year. So, let's focus on the good, shall we?
This election cycle, paid family leave has become a major campaign issue, drawing attention to the fact that many other countries mandate paid leave, so why not the U.S.? Critics say laws requiring employers to offer these benefits would hurt small businesses and hamper economic growth. Here's why it's actually in your employer's best interest to give you paid time off, including sick time and family leave.
There is no shortage of reminders urging you to prepare for your retirement in advance – even in your 20s, as far in advance as you possibly can. These days, people are also considering other kinds of preparations that go beyond finances. For example, there's a move toward emotionally preparing for retirement, which seems like a good idea since new research has linked depression with retirement, especially for men.
What do entry-level workers and executives have in common? To get the salary they deserve, they both need to negotiate. That's bad news if salary negotiation makes you uncomfortable, but the good news is this: by negotiating pay, you're almost certain to earn more over the course of your career. However, timing is everything, so let's talk a little bit about when to ask for the salary you deserve.
There is a real, dumb reason we go into work when we're sick, and it's super scientific. We broke down analysis by the researchers at the University of East Anglia to help us understand this madness.
If you're pondering relocation to a new city for a job opportunity, you're probably hoping to make more money. But, determining how far your salary will go in your new town can be kind of tricky. We all know that cost of living is a factor to evaluate when considering a job offer, but is it more important than salary? Here are a few things you should know.
Did you take a vacation this summer? Do you wish you could've taken more time off? As fall draws near, so do the feelings, for many, of slight remorse caused by a summer spent mostly indoors, most often at work.
The words "compensation" and "salary" are often used interchangeably, as if they are synonyms, but that isn't the case at all. It's important to remember (particularly during negotiations) that salary is just one aspect, one part, of the compensation you'll receive from your employer.
Little by little, cultural taboos in the U.S. are being eradicated. With each passing generation, we grow increasingly comfortable with discussions that would have stunned those who came before us. However, there is one remaining taboo in our society that is going just as strong as ever: money. We don't talk about money, not with our friends, often not even with our families. And, sharing our salaries with our co-workers? Well, that feels completely out of the question. But, there might be something to gain from talking about pay with our colleagues and getting a little honest with each other.