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Posts Tagged ‘Salary’

The White House Confronts Gender Wage Gap Issue on National Equal Pay Day

money

President Obama has signed two executive orders today to narrow the wage gap between men and women.

The first one prohibits federal workers from retaliating against other federal workers who discuss their paychecks. In addition, he directed the Labor Department to create rules for a new requirement of federal contractors to provide  compensation data by race and gender.

Despite the news, even the White House isn’t immune to the gender wage gap on National Equal Pay Day. Per press secretary Jay Carney, women at the White House earn 88 cents for every dollar that a man earns. Sigh.

Read more

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The Key Ingredient to Negotiating Your Next Salary: Simply Ask

money bagsWhen we used to work in recruiting, we always used to cringe when we extended a job offer and the candidate excitedly accepted on the spot.

“Don’t you have any questions?” I would inquire. “Are you sure there isn’t something else you want to find out?” I would prod.

Ho hum, the answer was typically no. If they only knew they were leaving money on the table! Hiring managers often told me what amount I would be able to go up to and if there was an issue, there was typically sign-on bonus money available, too.

That’s why this piece from SavingsAccount.com really resonated. Read more

Whole Foods Lets Employees Look Up Everyone’s Salaries Plus Bonuses

moneyHave you ever wondered what your boss earns? The boss’s boss? Your colleagues? The guy in marketing you occasionally work with?

Well, if you work for supermarket chain Whole Foods, this is all completely transparent. Per a report on Fox News, the company says the policy creates openness. In turn, it creates competition.

The average hourly rate is $19 and the average annual salary is $39,000.

What do you think? Should your employer post everyone’s salaries or should that be confidential? Will you work harder as a result or become resentful? Hmmm…

Overseas Program Pays Alcoholics With Beer Instead of Money? (Yes, It’s True)

beer bottlesYes, you read that right. Here’s how it works in the city of Amsterdam — alcoholics get paid in beer instead of money for picking up trash.

According to The New York Times, a unique government-funded program launched by the Rainbow Foundation, was intended to get alcoholics off the streets and working by picking up trash. In lieu of money, they get paid in their own currency: Beer.

But that’s not all. In addition to beer, cleaning team members earn half a packet of rolling tobacco along with free lunch and oh yeah, 10 euros each day. This particular Rainbow Foundation initiative is apparently pretty popular to the point there’s a waiting list for alcoholics to come on board. Read more

Three Real Stories of How to Ramp up That Salary (They Did It & You Can, Too!)

moneyPssst. Over here. If you want to boost your income, take these pointers from women who have been there, done that.

Seriously.

According to a DailyWorth piece, several women took on different approaches to boosting their income and they achieved it.

Meet sales director Melanie Erickson. She ramped up her salary to the tune of 20 percent by approaching her boss. Well, she planned ahead and then approached her boss. Read more

How to Handle Awkward Situations at the Office

presentsWe’re in a holiday spirit here at MediaJobsDaily!

Sure, Thanksgiving may be two weeks away but that doesn’t mean we’re not thinking about time off. And holiday parties. And gifts for the boss and cards for the colleagues. Le sigh.

Not only will this impact the wallet, it’s almost inevitable that group gifts and awkward situations will emerge. Our friends at AOL Jobs outlined a few ways to handle them. Read more

New Survey Reveals Decline in Living Paycheck to Paycheck

moneyThere’s good news to report today!

According to a recent CareerBuilder survey, the number of U.S. employees who live paycheck to paycheck continues to drop. Per the respondents, 36 percent reported they always or usually live paycheck to paycheck. Last year’s numbers came through at 40 percent. This year’s percentage is even more significant because the 2008 numbers reflected 46 percent!

The survey encompassed almost 3,000 full-time employees in the private sector. There’s more good news because 24 percent of respondents revealed they never live paycheck to paycheck.  Read more

TheLadders Survey Reveals Correlation Between Short Names & High Salaries

Let’s say your name is Robert. Maybe you should go by Bobby at work? Check that — why not Bob instead? According to a recent report released by TheLadders, the shorter the name, the better (when it comes to your wallet, that is).

Upon analyzing the first names of the site’s six million members against factors such as industry, salary level and location, their experts concluded a correlation between the number of letters in a name and actual salary ranges.

So, if you want to go by Bobby instead of Bob, it’ll cost you about $7,200. Here’s why: Every letter added to a name decreases a salary by $3,600. This could equate to almost $288,000 over a 40-year career for dear ol’ Bobmeister! Read more

How to Handle a Big Promotion With a Tiny Raise

Congratulations! You worked hard, got recognized and landed that coveted promotion!

What happens when the dust settles and you realize your salary hasn’t been properly increased to reflect the new job responsibilities?

Gregory Giangrande, executive human resources officer in the media industry, writes in his New York Post column:

“Speak up, but craft your message and the timing carefully: Express gratitude for the acknowledgment and enthusiasm for taking on more responsibility. And it is legitimate to say you thought the compensation would be commensurate with the new job.”

Essentially, the conversation surrounding the factors relating to compensation could be helpful from a growth perspective to hear upper management’s reasoning behind the insignificant adjustment. Plus, it gives you the opportunity to hold your ground and move forward to “revisit and review the compensation in the future.”

How to Ask For a Raise

Let’s face it. When you work hard, as in really hard to exceed expectations and always meet deadlines, a great work environment is helpful but so is getting paid what you’re worth.

If you want to ask for an increase in base compensation, be tactful. First, write down tangible reasons why you deserve a raise. Simply stated, it’s not advisable to just go into your boss’ office and demand to be shown the money.

In today’s New York Post, Gregory Giangrande, chief HR officer at Time, Inc., indicates, “Write down the objective business reasons why you feel you deserve a raise — which could include how you consistently perform at a high level, generate revenue, etc.” Read more

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