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Posts Tagged ‘Salary’

How to Handle It When Your Colleagues Earn More Than You

moneyUnfortunately, we’ve seen this all too often. You work side by side with colleagues only to discover you’re doing the same exact work and they’re getting paid a lot more.

What gives?

According to a piece in The New York Post, the best way to ask for a raise is to make your boss feel like “you are worth every dollar.” Read more

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What Amount Do You Need to Earn to Feel Successful?

successAh, success. It’s so subjective, isn’t it?

Does success equate to income? Happiness? Achieving balance in life and work? Respect from peers? Self-respect? Fame? All of the above?

According to a new CareerBuilder survey, success in terms of money is relative to salary. And when it comes to feeling successful in accordance with a specific amount, 65 percent of survey participants indicate they don’t earn their desired salary. Only 35 percent say they’re right where they need to be; this is particularly true in the salary bracket ranging from $75,000 to $100,000. Read more

Majority of New Jobs Pay Higher Than Average Wage

moneyWant some good news on this Monday afternoon? Who doesn’t, right? Let’s face it we’re going to dish it out anyway.

According to MarketWatch, the economy isn’t just adding jobs at a fast pace. It’s adding jobs that pay even better than they have in previous years!

More than half of the new jobs created in 2014 are paying higher than the hourly U.S. wage. Per the data, 58 percent of the new jobs pay more than the average hourly wage of $24.45. This is comparison to last year’s numbers of 48 percent.

Per the piece, this year businesses are focusing on extending job offers to more white collar employees. Health care is still strong and financial services has picked up its pace.

 

Making a Career Move? Consider the ’30 Percent Solution’

successAccording to Lou Adler, author of The Essential Guide for Hiring & Getting Hired and creator of the Performance-based Hiring system, there’s a notion of the 30 percent solution when considering new job offers.

Per his post on LinkedIn, for a job opportunity to become truly viable for you to make the move, it must have at least a 30 percent increase over your current one. By increase he doesn’t mean salary alone. Yes, there should be a salary bump but that shouldn’t be the only reason for making the move nor should it comprise the entire 30 percent.

Read more

College Grads Looking to Negotiate Salary? Try & Try Again

job oppsIf you’re a recent college grad and you’re looking to negotiate, by all means go for it. As for the reality?

According to Greg Giangrande, HR executive in the media industry, there’s as much flexibility in an entry-level salary “as there is in getting your professor to get your final grade from a B to an A.” Read more

Job Satisfaction Equals Compensation Per New SHRM Study

moneyThe Society for Human Resource Management conducted its annual survey on job satisfaction and the results may not necessarily surprise you: 96 percent of employees indicated compensation was “important” or “very important.”

This makes it the numero uno factor in overall job satisfaction. In fact, money trumped job security and opportunities to use skills/abilities. During the recession it sounds like job security and opportunities beat out pay but now that the job market’s on the uptick, money is top of mind.

Per a piece on Fortune, director of SHRM’s research center Evren Esen noted, “Incomes have grown slowly during the recession, and that undoubtedly is having an impact on workers’ priorities.” Read more

Pay Gap Widens: CEOs Earn How Much More Than Employees?!

moneyIf you’re not sitting down right now you may want to take a seat.

Sure, we pretty much knew CEOs earn top dollar on their jobs but per new data, it’s a fact. They make a lot more than their employees to the tune of 331 times! Read more

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

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…

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