Posts tagged with 'compensation'
What Do You Need to Earn to Rent?Read the rest of this entry »
To afford a two-bedroom rental in New York City's fashionable Chelsea neighborhood you'd need to earn at least $49 an hour. Drive north 80 miles to Poughkeepsie, and you can get two-bedrooms for little more than half that.
The National Low Income Housing Coalition has compiled HUD data from across the U.S. on the fair market rent for one and two-bedroom rentals by state and right down to individual ...
Employers Scrambling to Comply With New Jersey Pay LawRead the rest of this entry »
In the year since New Jersey passed one of the toughest -- if not the toughest -- equal pay laws in the nation, employers have scrambled to comply.
The New Jersey Law Journal calls the Diane B. Allen Equal Pay Act, "Unprecedented in breadth and scope in pay disparity claims." It makes it unlawful to pay members of a protected class (as defined by New Jersey, which is substantially broader than ...
Pharma's Incentive Compensation Plans Growing More ComplexRead the rest of this entry »
As pharmaceutical companies shift their sales talent focus from recruitment to retention, they are adjusting their compensation programs to better align those goals with their most important business objectives.
An article on PharmExec.com discusses the tinkering companies have been doing with their variable pay to make it a larger percentage of compensation.
Partha S. Anbil , cognitive enterprise transformation leader, Healthcare & Life Sciences practice at IBM Global Business Services ...
Pay Day Could Someday Be Any DayRead the rest of this entry »
When it comes to paying workers, not much has changed since the days the boss came around handing out envelopes. Direct deposit, which is how most companies pay employees, is more than 40 years old. Pay cards are a more recent innovation, but they're not common and mostly used by companies with casual workers and those without a bank account.
Changes, though, are on the horizon.
A World at Work ...
Survey: 2018 Raises Were 3% Or LessRead the rest of this entry »
Retention's a big problem. Turnover is on the rise. And attracting talent -- any skilled, qualified applicant, let alone top tier talent -- tops most employers' list of workforce challenges.
Despite all that, the latest report from PayScale two-thirds of employers gave raises last year of 3% or less. In fact, says the survey from PayScale, just over a quarter gave less than 2.5%. Considering that the Consumer Price Index for ...
No Raise For Most Workers This YearRead the rest of this entry »
Didn't get a raise this year? You've got plenty of company. A survey by the personal finance site Bankrate found 62% of workers did not get a raise or better paying job in the last 12 months.
That's a big jump from the 2017 survey when 52% of full- and part-time workers got no raise.
It's not entirely clear why so many workers are seeing their wages flatline. Greg McBride ...
Companies Giving Few Holiday PerksRead the rest of this entry »
It appears the Grinch is stealing more than Christmas.
More than anything, employees want a holiday bonus. Alas, only a little over half of them may get one, and for those that do, it will most likely be less than $500.
A survey conducted by Research Now SSI found the number one holiday perk, favored by 41% of the 1,000 respondents, was a holiday bonus. Yet, 46% said their ...
Pay Increases Are Largest Since the RecessionRead the rest of this entry »
Wages and salaries for private sector employees rose at an annual rate of 3.1% in September, the largest increase since the Great Recession.
The Labor Department's Bureau of Labor Statistics reported that for the 12 months, employers saw overall compensation costs, including the cost of benefits, increased by 2.9%. The 12-month increase in benefits was 2.5%.
Among the various occupational sectors, the government said the largest salary ...
Compared to the CEO, CFO Pay Is StagnantRead the rest of this entry »
As CEO pay has steadily increased over the past five years, CFOs have seen only modest increases in compensation.
Corporate research and intelligence firm Equilar posted an analysis of CFO pay changes since 2013, finding that CFO median pay at the largest public companies grew by $600,000. CEO pay, however grew by a median $2 million.
"The chief financial officer is an extremely important cog in the machine that ...
Plastic Surgeons Are Highest Paid DoctorsRead the rest of this entry »
It pays to be a specialist. That's especially true in medicine where the difference between being a primary care physician and a specialist is just over $100,000.
Medscape's just released survey of physician salaries pegs the average pay for a primary care doctor at $223,000, a rise of $6,000 over last year's survey. The average for all physician specialists, however, jumped more than twice ...