Negotiating salary always seems like the most stressful part of the job interview process. You want to make sure you are happy with what you are being paid while simultaneously not pricing yourself out of a great opportunity. Nevertheless, paying your bills and living a comfortable lifestyle are important factors when you think about the hard
Over the last few years, I have had several clients ask this very question. Although the task of asking for a raise may seem very complex, it actually is quite simpler than one might think.
I am sales and marketing director for a software company, which is a subsidiary of a trucking company. The trucking company wants to shut down the software company. They have offered to sell the software company to the original developer of the software who is currently employed by the trucking company as an MIS director.
Can mere economics explain the meteoric rise of CEO pay since the 1980s? If we liberate our minds from that warped construct known as “perfectly competitive markets,” then the answer is yes. As we’ll soon see, economics can even explain the effect of such disparate influences as government intervention and charisma. Taking nothing for granted,
Give back that bonus! That angry cry has been heard for years from governance consultants and shareholders seething at the way some chief executives grow rich as investors suffer. Usually, such shouting is futile. Bosses defend their pay or simply ignore criticism. Either way, they keep the cash, perhaps agreeing to take leaner pay packages
Good news for summer job seekers: Jobs should be more plentiful this year and a majority of employers have jobs paying more than $15 per hour, according to a new report. The $15-per-hour wage has been highlighted this week by thousands of demonstrators at McDonald’s headquarters, where workers demanded higher wages for frontline employees at
The average hourly wage for non-supervisory production employees in the private sector was $20.50 as of February, according to the U.S. Bureau of Labor Statistics. Wages have been stagnant, while productivity has increased across the board. The Economic Policy Institute found between 1973 and 2011, productivity grew by 80 percent across the country, while wages
While it should never be the main focus, salary plays an important role in your career. As you spend more time in the professional world, you’ll gain skills that will increase your value to your employer as well as increase your earning potential in the job market. Even if you negotiated a competitive starting salary
A Checklist of Attributes to Consider Before Handing Out Pay Bumps Know What to Look For So your employees want a raise? That’s understandable and expected. But do they DESERVE a raise? Too many employees only think about things from their own perspectives. But if you want to determine which ones are truly deserving of
Pay Structures A company’s pay structure is the method of administering its pay philosophy. The two leading types of pay structures are the internal equity method, which uses a tightly constructed grid to ensure that each job is compensated according to the jobs above and below it in a hierarchy, and market pricing, where each
Addressing the Impact of Salary Size on Employee Engagement What is Reality? Does the size of an employee’s salary drive his or her belief in the fairness of pay? That’s a question Mark Szypko explored in the KWC session “Perception is Reality: The Importance of Pay Fairness to Employees and Organizations.” The context in which
Careers That Pay a Whole Lot Less Than You Think That’s All They Make?! All through my childhood, I thought classroom teachers must make a million dollars a year. After all, look at how much they work both inside and out of the classroom. And consider the work they do — shaping young minds. These
