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COVID and Kurzarbeit in Germany – How workers are paid when their work dries up
The state-funded German safety net known as Kurzarbeit, which keeps salaries flowing to workers even when their work has dried up, is getting renewed attention as governments around the world grapple with the economic fallout of the coronavirus pandemic. The European Commission is using the German program as a model for a regional effort to … Continue reading
Health, Retirement Benefits and Pay in US – More employees willing to sacrifice pay
With their desire for greater security rising, a growing number of U.S. employees are willing to sacrifice additional pay in exchange for more generous retirement and health care benefits, according to the Global Benefits Attitudes Survey by Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company. The survey also found half … Continue reading
Teacher Performance Pay in US – Each year of exposure increases the likelihood of graduation from high school by 1 percentage point
Approximately all public school teachers are paid according to a salary schedule that dif- ferentiates pay by experience, seniority, and credentials, but not generally by observed performance. Education reformers have long viewed this as problematic for two reasons. First, the classroom environment presents a classic case of moral hazard: it is difficult for a principal … Continue reading
Wages in UK – The typical pay rise for someone switching jobs is, on average, around 2.5 times higher than for someone remaining in the same job
Analysing pay growth for those in continuous employment. Figure 5 does this by showing the median pay rise for those remaining in the same job from year-to-year and those remaining in employment but switching jobs. Typical pay change for people remaining in work over a year Source: RF analysis of ONS, ASHE (post April 2017 … Continue reading
CEOs largest firms in US – 271 Times the annual average pay of the typical worker
This report looks at trends in CEO compensation using two measures of compensation. The first measure includes stock options realized (in addition to salary, bonuses, restricted stock grants, and long-term incentive payouts). By this measure, in 2016 CEOs in America’s largest firms made an average of $15.6 million in compensation, or 271 times the annual … Continue reading
The Teacher Pay Gap in US – Wider than ever
What this report finds: The teacher pay penalty is bigger than ever. In 2015, public school teachers’ weekly wages were 17.0 percent lower than those of comparable workers—compared with just 1.8 percent lower in 1994. This erosion of relative teacher wages has fallen more heavily on experienced teachers than on entry-level teachers. Importantly, collective bargaining … Continue reading
Gender Gap in US – Pay drops as women take over a male-dominated field
A new study from researchers at Cornell University found that the difference between the occupations and industries in which men and women work has recently become the single largest cause of the gender pay gap, accounting for more than half of it. In fact, another study shows, when women enter fields in greater numbers, pay … Continue reading
US – 40% of survey respondents say they’re living paycheck-to-paycheck
While the U.S. economy continues to improve and consumer sentiment remains above a baseline level for optimism, many consumers are still searching for fiscal relief. In fact, 40% of respondents in a recent Nielsen survey say they’re living paycheck-to-paycheck. But in today’s world, what does it actually mean to live paycheck-to-paycheck? In its most basic … Continue reading
US – CEO pay was, on average, more than 370 times higher than the income of the average American worker Stifel finds
According to a recent report from the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO), S&P 500 company CEOs made an average salary package of $22.6M in 2014, up nearly $2M from the previous year. Alternatively, according to the Bureau of Labor Statistics (BLS), the average worker in the US made only $36.1k … Continue reading
CEO Pay vs Worker Pay – Up 90 times faster since 1978
Over the last several decades, inflation-adjusted CEO compensation increased from $1.5 million in 1978 to $16.3 million in 2014, or 997 percent, a rise almost double stock market growth. Over the same time period, a typical worker’s wages grew very little: the annual compensation, adjusted for inflation, of the average private-sector production and nonsupervisory worker … Continue reading
Overweight women – More likely to work in lower-paying and more physically demanding jobs study finds
Overweight women are more likely to work in lower-paying and more physically demanding jobs; less likely to get higher-wage positions that include interaction with the public; and make less money in either case compared to average size women and all men, according to a new Vanderbilt study. “Starting when a woman becomes overweight, she is … Continue reading
US – Low teacher pay is a problem finds the Center for American Progress
Low teacher pay is not news. Over the years, all sorts of observers have argued that skimpy teacher salaries keep highly qualified individuals out of the profession. One recent study found that a major difference between the education system in the United States and those in other nations with high-performing students is that the United … Continue reading
The value of an education in today’s US economy
Even in today’s recovering economy, education has retained its high value and is still the strongest step you can take in your career Continue reading
Talent War / Porsche to Cut Working Hours but Maintain Pay
Sportscar maker Porsche, a unit of Volkswagen AG (IW 1000/10), on Thursday said it will gradually trim working hours without any cuts in pay, in an effort to attract highly skilled workers. “Porsche is looking to improve competitiveness and attractiveness as an employer even further,” the automaker said in a statement. Porsche’s executive board and … Continue reading
The Fast Food Pay Gap: $8.25 vs $8.75 Million
The pay gap separating fast-food workers from their chief executive officers is growing at McDonald’s Corp., Burger King Worldwide Inc. and Yum (YUM)! Brands Inc., which owns the Pizza Hut, Taco Bell and KFC brands. The disparity has doubled at McDonald’s Corp. in the last 10 years, according to data compiled by Bloomberg. At the same time, the company … Continue reading
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