Posts tagged with 'compensation'
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 …
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 company …
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 and pay increase …
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 is …
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 that to $329,000. While the numbers …
Gender Pay Gap Is Narrowing, But Women Still Earn LessRead the rest of this entry »
Today is Equal Pay Day. It represents the day when women finally earn what men earned last year.
Whether you believe, as some advocates do, that April 10 is the literal equivalency day or that it is symbolic, there's no doubt women overall are paid less than men for doing the same or essentially the same work. The Pew Research Center just yesterday posted that its latest pay analysis found …
A $65K Paycheck Will Buy HappinessRead the rest of this entry »
Cash is king, as the saying goes. But how just how much does it take to make you feel royal? And even if money can't buy happiness, how much do you need to avoid being miserable? At least miserable over your finances.
Would you believe $65,000 to $95,000? Higher for families.
Researchers at Purdue University came up with this figure by crunching an enormous amount of data from 1.7 million …
Attend Tech Bootcamp, Get a 50%+ Pay BoostRead the rest of this entry »
Learning to code can net you a better than 50% jump in pay, says a new report from Coding Dojo, the tech bootcamp for aspiring software developers.
Students with a bachelor's degree or higher who graduated from Coding Dojo saw an average salary increase of 58%. For those who only had a high school or GED, the increase was a stunning 117% in earning.
“Learning to code can be …
Here's What to Do When You Can't Ask About SalaryRead the rest of this entry »
Asking a job candidate about their salary history has been a common -- and popular -- practice for decades. Knowing what a candidate is currently earning lets you know whether you can afford the person and it also gives you some indication of how much their current employer values them.
Now, though, a growing number of jurisdictions are prohibiting employers from asking the salary question. The justification for the bans …