5.5% Pay Jump For CEO’s

Geography: United States Research Source: Compensation Advisory Partners, U.S. Bureau of Labor Statistics. Date: March 2017 Findings:  Chief executive officers saw their pay packages grow by a median of 5.5 percent from the prior year. That compares with the 2.8 percent increase in December from a year earlier for average hourly earnings of private non-farm employees. Recommendations:   While the executive […]

I Get By With A Little Help From Mom & Dad

Geography: United States —Research Source: New York Times —Date: February 2017 —Findings:  40% of people in their early 20s get financial help from their parents to cover living expenses like rent—and the average payout is around $3,000 per year. 53% of young people who studied art and design reportedly receive financial assistance from their parents to the tune of […]

Reviving the American Dream

Geography: United States —Research Source: Stanford University, Harvard University and the University of California-Berkeley. —Date: December 2016 —Findings:  Only 50% of people born in the 1980’s are making more than their parents, compared to 90% of children born in 1940. Of the 50 states South Dakota and North Dakota are holding up better than the rest. South Dakotans and […]

The Power Of Recognition Others On Oneself

Geography: United States —Research Source: O.C. Tanner —Date: December 2016 —Findings:  42% of employees say they have given another employee recognition at work within the past week. 71% of employees say they have given another employee recognition at work within the past month. 76% of employees believe everyone has the opportunity to be recognized at their organization. 78% of […]

Companies Stall Compensation Bidding In 2017

Geography: United States —Research Source: Aon Hewitt —Date: December 2016 —Findings:  Base pay is expected to be 3% in 2017, up slightly from 2.8% in 2016. Spending on variable pay is expected to be 12.8% of payroll—unchanged from 2016. 52% of U.S. workers said they are open to new job opportunities and 44% are actively looking for a […]

Sometimes One Job Is Enough…

Geography: Global —Research Source:  Career Advisory Board —Date: December 2016 —Findings:  91% of millennials surveyed reported they would like to work at a single full-time job. 81% of respondents who prefer a single full-time position, an overwhelming number didn’t mind going into an office, but would like some location flexibility (59%). 22% of respondents said they prefer to […]

Dont Be Afraid to Negotiate Your Salary

Geography: United States —Research Source: CareerBuilder —Date: November 2016 —Findings:  73% of employers in the U.S. say they would be willing to negotiate salary on an initial job offer. 55% of workers do not even ask for a higher salary when offered a new position. 53% of employees who avoid the salary negotiation say they don’t even attempt it because they don’t […]

More Hours In The Office Does Not Mean Men Work Harder

Geography: Global —Research Source: U.S. Bureau of Labor Statistics —Date: November 2016 —Findings:  Women make 83% of what full-time working men make. Women who hold full-time jobs earn 79 cents for every dollar that men with full-time jobs earn. African-American and Latina women earn 64 cents and 56 cents, respectively, for every dollar that white, non-Hispanic men earn. […]

How To Achieve The Maximum Effect With Compensation

Geography: Global —Research Source: PayScale —Date: August 2016 —Findings: While 73% of employers consider their employees fairly paid, only 36% of employees feel they are paid fairly. Almost 40% of companies report that they have transparent, open communication around pay. Top performing companies are significantly more likely to embrace transparency, at 47%. In 2015, 90% of top performers […]

Workers Are Struggling To Makes Ends Meat As Minimum Wages Stagnate

Geography: United States —Research Source: Harris Poll —Date: August 2016 —Findings: 75% of all employees feel they live paycheck-to-paycheck to make ends meet at least sometimes. 38% of employees said they sometimes live paycheck-to-paycheck, 15 percent said they usually do and 23 percent said they always do. Of workers who currently have a minimum wage job or have held […]