Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Pay Equity"


25 mentions found


New York CNN —Mostly large US corporations are projecting an average increase in their base pay budgets of 3.9% for next year, according to a new survey of 300 compensation leaders across 11 major industries from The Conference Board. That is lower than the 4.4% average increase they paid out in 2023, which marked a 20-year high for base pay raises. But it is a tick up from the 3.8% bump that companies were paying out this year, according to The Conference Board. Base pay budget increases are typically viewed as a proxy for the average raises employees may receive. Actual base pay increases next year may be different if economic and business conditions change.
Persons: Dana Peterson Organizations: New, New York CNN, The Conference Board, Conference Board, Base, ” Conference Board Locations: New York
Leopatrizi | E+ | Getty ImagesLawmakers want to crack down on "junk fees," but restaurants are trying to stay out of the fight. The Biden administration has broadly targeted so-called junk fees, like an undisclosed service charge for concert tickets or unexpected resort fees when checking out of a hotel. The Biden Administration is attempting to crack down on so-called "junk fees" in retirement accounts with a rule prosed by the U.S. Labor Department. Lobbyists vs. legislatorsOn the state level, restaurants have already had some success in getting excluded from the fight over junk fees. California's SB 478 law would ban so-called "junk fees".
Persons: Birkin, Biden, Joe Biden, Chip Somodevilla, Biden administration's crosshairs, Sean Kennedy, Kennedy, Andres Clavero, Clavero, Galit, Peter Demetri, Tai Huh, Huh, CSHG Organizations: Getty, National Restaurant Association, Federal Trade Commission, White, Biden Administration, U.S . Labor Department, National Women's Law, Cambridge Street Hospitality Group, Health, Restaurant Association, California's Locations: Los Angeles, Chicago, Washington ,, New York, Denver, Asian, Massachusetts, California, , Oakland , California
The first national Muslim organization that had declared itself "uncommitted" on President Joe Biden's re-election bid is endorsing Vice President Kamala Harris' candidacy. “She has shown more sympathy towards the people of Gaza then both President Biden and former President Donald Trump,” Suswell said of Harris. The group’s endorsement is significant given the backlash the Biden administration has faced from the Muslim community over its handling of the war. “It wasn’t an easy meeting for the president,” Suswell said. I think she’s more open to having conversations around ending the war.”Suswell added that her group was also moved to support Harris publicly because of her stances on domestic issues.
Persons: Joe Biden's, Kamala Harris, Salima Suswell, Biden, Donald Trump, ” Suswell, Harris, , Netanyahu’s, Suswell, , ” Harris, Benjamin Netanyahu, Israel, Netanyahu, Donald Trump’s, Trump Organizations: Muslim, Black Muslim Leadership Council Fund, NBC, Black Muslim Leadership Council, Biden, Israeli, White Locations: Gaza, Israel, Selma , Alabama, , Wisconsin , Michigan, Georgia, Pennsylvania, Palestine
The top driver for pay transparency practices in Asia is "regulation and compliance" (72%) according to a 2024 report by Aon. Currently, the top driver of pay transparency practices in Asia is "regulation and compliance" (72%) according to the report. Jashani is just one of the many young people in Asia who are working on increasing pay transparency in the region. I think our role to advocate for pay transparency is actually [done] through conversation. "I think our role to advocate for pay transparency is actually [done] through conversation," she said.
Persons: Peter Zhang, Zhang, Jashani, I'm, Davekhaw, they'll, Prestine, Aon's Zhang, Peter Zhang Head Organizations: Aon, CNBC, Employers Locations: Asia, United States, California, New York, millennials, Singapore, Instagram, Malaysia, Malay
Finland has a history of being the happiest country in the world, and it's among the most gender-equal, too. Many Nordic countries have generous paid leave policies, government-subsidized child care, free college (which can level access to high-paying jobs), pay gap reporting requirements and pay transparency policies. At Framery, a Finnish manufacturing company with roughly 400 employees, the difference between what men and women get paid is roughly 1%. Anni Hallila, Framery's head of people and culture, explains three strategies that helped them effectively close their business's gender pay gap. Salary reviews happen twice a yearFramery's compensation team does a pay audit for their workforce twice a year, Hallila says.
Persons: Anni Hallila, Hallila, Framery Organizations: Nordic Locations: Finland, Framery, Finnish
Since 2021, Goldman Sachs has been publishing annual data on it diversity, pay, and hiring goals. This year, it disclosed some new data on pay equity by gender. See where it's meeting it's diversity goals for junior hires and where it's falling short. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementGoldman Sachs just released its annual People Strategy Report, a yearly record that publicizes some of the firm's progress and goals in its approach to talent management, including diversity statistics, internal development, and employee resources.
Persons: Goldman Sachs, , Bentley de Beyer Organizations: Service, Business
The U.S. skilled labor market is facing "record-high pressure," according to new research from McKinsey & Co., as more workers age out and fewer young people train to fill their jobs as construction workers, plumbers, welders and more. The most in-demand jobs companies are hiring for right now — that don't require a degree — are in construction, manufacturing and plumbing, according to data from Payscale and ZipRecruiter exclusively shared with CNBC Make It:1. Journeyman plumberMedian salary: $61,500It's important to note that there are different levels of certification for some trade jobs including plumbers and electricians. All of these jobs saw at least a 16% increase in openings on ZipRecruiter between October 2023 and March 2024. The median pay for fleet managers without degrees is $64,600 while journeyman electricians make $62,600 on average, according to Payscale.
Persons: ZipRecruiter, Ruth Thomas, Thomas Organizations: McKinsey & Co, Labor, CNBC Locations: U.S, Payscale
President Biden jumped into a debate about gender and sports this week, calling for pay equity for women athletes after Caitlin Clark, the University of Iowa basketball standout, was selected first in the W.N.B.A. Ms. Clark’s salary will be far less than that of her male counterparts. Mr. Biden, writing on X on Tuesday, said that for all their accomplishments in sports, women athletes were undervalued. “Right now we’re seeing that even if you’re the best, women are not paid their fair share,” he said. “It’s time that we give our daughters the same opportunities as our sons and ensure women are paid what they deserve.”Mr. Biden was nodding to a banner moment for women’s basketball, one powered by stars like Ms. Clark, who was chosen by the W.N.B.A.’s Indiana Fever, and Paige Bueckers of the University of Connecticut and Angel Reese of L.S.U.
Persons: Biden, Caitlin Clark, , , Mr, Clark, Paige Bueckers, Angel Reese, L.S.U Organizations: University of Iowa, Indiana, University of Connecticut Locations:
The WNBA’s stars aren’t asking to be paid an equal dollar amount to NBA players, however. WNBA players have made progress on salaries since 2020, when they reached their latest collective bargaining agreement with the league. Sharing the revenue pieBecause it’s a smaller and younger league, women’s players have had less bargaining power with team owners over their pay than men. While NBA players receive 50% of total NBA revenue, the WNBA must hit a certain revenue threshold annually before any revenue sharing agreements kick in. This has held back women’s salaries.
Persons: Caitlin Clark, Clark, Angel Reese, ” Terri Jackson, David Berri, Kelsey Plum, Griner, Jackson, ” Jackson, “ It’s, , Alicia Jessop, “ That’s, ” David Berri, David Stern, , Berri, Cathy Engelbert, ” Breanna Stewart Organizations: New, New York CNN, NBA, National Basketball Association, Women’s National Basketball Association, University of Iowa, Louisiana, NCAA, WNBA, ’ Association, CNN, Southern Utah University, Las Vegas Aces, , Phoenix Mercury, , Pepperdine University, longtime, New York Liberty Locations: New York, men’s, Russia
Why Corporate America is keeping quiet on abortion
  + stars: | 2024-04-16 | by ( Allison Morrow | ) edition.cnn.com   time to read: +8 min
New York CNN —Eight years ago, when North Carolina tried regulate how transgender people use public bathrooms, Corporate America revolted. Nearly two dozen states have either banned or severely curtailed abortion rights since Roe v. Wade was overturned two years ago. Lamberton: What we’ve seen is the natural life cycle of an idea. But in the last few years, we’ve seen that position softening. Economically, we’ve seen a great deal of volatility just in the last half decade.
Persons: CNN Business ’, Roe, Wade, we’ve, Bud, Cait Lamberton, ” Lamberton, , Lamberton, We’ve, Bud Light, Busch, isn’t, it’s, they’re, John Wanamaker Organizations: CNN Business, New York CNN —, America, PayPal, Associated Press, , American Civil Liberties Union, University of Pennsylvania’s Wharton School of Business, Consumers, Anheuser, Bud, Brands, Coca Cola, Companies, Technology Locations: New York, North Carolina, Ukraine, Georgia, Philadelphia
March 12 marks Equal Pay Day this year
  + stars: | 2024-03-12 | by ( Jeanne Sahadi | ) edition.cnn.com   time to read: +5 min
New York CNN —March 12 marks Equal Pay Day in the United States, a symbolic date representing the number of days women have to work into the current year just to make the same amount of money men made in the prior one. In dollars and cents, for every dollar a man earns, a woman is paid 84 cents, according to the National Committee on Pay Equity and the Equal Pay Today campaign. If part-time workers and those not employed year-round are included, the gender pay gap is worse, at 78 cents on the dollar, said Deborah Vagins, national campaign director of Equal Rights Advocates and director of Equal Pay Today. The gender pay gap is typically widest when comparing the earnings of White men to Black, Hispanic or Native American women. Equal pay for equal work has been the law of the land for more than a half-century, yet women still cannot get fair treatment when it comes to employment and earnings.
Persons: Deborah Vagins, , Jamila Taylor, Vagins Organizations: New, New York CNN, National Committee, Pay Equity, Institute for Women’s, Research Locations: New York, United States
The pay gap is even bigger for AAPI women, Black women, Latinas, caregivers, disabled women, and more. The U.S. government doesn't even collect the right data to establish a pay gap for the nonbinary community. A lot goes into a big, national, average pay gap — individual career choices, variable pay across industries and more. So really, can you afford to not pay women fairly in 2024? This is comparable to 2023 when 56% of women workers reported the same, and 2022 when 54% did.
Persons: that's, doesn't, , jobseekers Organizations: CNBC Locations: U.S, SurveyMonkey
Based on today's wage gap, a woman just starting out will lose $399,600 over a 40-year career, according to the National Women's Law Center. The pay gap worsens significantly for Black and Latina women. For Black women, the lifetime wage gap adds up to $884,800, and for Latina women, the losses total $1,218,000, the nonprofit advocacy group found. Why the gender pay gap persistsThere is no single explanation for why progress toward narrowing the pay gap has mostly stalled, according to a separate report by the Pew Research Center. What it takes to achieve progressNo "one thing" is going to close the wage gap, Tucker said.
Persons: Jasmine Tucker, Tucker, Ofronama Biu, Biu Organizations: Census, National Women's Law, National Women's, Center's, Black, Latina, Pew Research Center, Urban Institute, Employers
In 2007, I became Monster.com's first chief diversity officer, then Walgreens' in 2012. Most recently I served as chief human-resources officer at Workhuman. When done right, DEI programs not only give companies a competitive edge but also can be the very means of mending a broken America. Unsurprisingly, the role of chief diversity officer became more popular during this time as CEOs and boards recognized that they needed a dedicated team with resources to prevent similar class-action settlements and public-relations disasters. Prior to serving as chief people officer for Workhuman, he was chief diversity officer for Walgreens and Monster.com.
Persons: unschooled, Monster.com's, meritocracy, Kennedy, Johnson, Nixon, ERGs, Charles Walgreen, Jim Crow, Rep, Robert B, Elliott of, Steve Pemberton Organizations: Walgreens, Revelio Labs, America, Commission, Texaco, Denny's, Nextel, Harvard, The Lighthouse Academy Locations: America, Elliott of South Carolina
Unlike most in rich countries, American restaurant servers depend primarily on tips for their income. You might not know “dynamic pricing” by name, but if you’ve ever booked a flight, hotel room, or gone to the movies on a Tuesday, you understand it intrinsically: Dynamic pricing is when the price of goods or services fluctuates based on demand. “When confronted with dynamic pricing, customers react negatively,” a 2022 study said . In late 2023, after 35 years, Bayless decided to try dynamic pricing, raising the dinner menu on weekends from $165 to $185. Nick Kokonas, who cofounded Toast, also uses dynamic pricing at his Chicago restaurants.
Persons: Toast, they’re, Tipping, Michael Lynn, Zachary Brewster, Lynn, L’Oca, , ” Adam Orman, we’ve, haven’t, Crudo, you’ve, Sherri Kimes, Rick Bayless, Bayless, It's, ” Bayless, , Roger Yang, Nick Kokonas, Ari Weinzweig, ” Weinzweig, Yang, Corey Mintz Organizations: National Restaurant Association, Bureau of Labor Statistics, waitstaff, Cornell University, , Michelin Locations: America, Italian, Austin, Angeles, Chicago, Toronto, Ann Arbor , Michigan
Discussions of pay came up rather frequently and I felt it was my responsibility to be an ally to my female colleagues when it came to salaries. But I want to share my experiences to encourage other men in the workforce to share what they make with their female colleagues. On separate occasions during that role, three of my female colleagues began pursuing senior analyst roles, which was my prior role. Men, help your female colleagues earn what they’re worthI don’t see any downsides to pay transparency. AdvertisementWhile it might be nice to imagine employers making pay equity or transparency a priority, in my experience, employers will find reasons for explaining away the pay gaps.
Persons: Jamie Jones, I’ve, I’d Organizations: Service, Business, University of Birmingham
All 11 House Democrats spoke during a lengthy debate Wednesday and voted against the bill. Fairness West Virginia, the state’s only LGBTQ+ advocacy organization, said the bill would ban transgender people from using government building restrooms that align with their gender identity. “But the problem with it is, it affects real people, real constituents of ours, real West Virginians.”From 2010 to 2020, West Virginia lost the highest percentage of residents compared to any other U.S. state. Republican West Virginia Gov. Another bill that would prohibit transgender students from using school restrooms that aligns with their gender identity advanced through the West Virginia House Education Committee last month.
Persons: , , Democratic Del, Kayla Young, Mike Pushkin, JB Akers, ” Akers, Pushkin, ” George Orwell’s, ” Pushkin, ” Del, Diana Winzenreid, Winzenreid, Jim Justice Organizations: Virginia's Republican, GOP, Democratic, Capitol, Democrats, Democratic Party, West Virginians, Republican, Wheeling City Council, Republican West Virginia Gov, West Virginia House Locations: CHARLESTON, W.Va, Kanawha County, Kanawha County Del, West Virginia, Wheeling, Ohio County
Antonio Neri, CEO, Hewlett Packard Enterprise, at the NYSE, Oct. 19, 2023 Source: NYSETechnology stocks have taken back the No. 1 spot in the JUST 100, an annual ranking of large public companies on issues of key importance to the American public, with Hewlett Packard Enterprise topping last year's No. Career advancement opportunities, worker training and development, benefits and retention are other issues which helped push HPE and other companies higher in the 2024 JUST 100 rankings. All of these issues, Whittaker said, "cluster all around the questions of 'How good am I as an employer?'" Whittaker said that's also the case with the key worker issues that are the most heavily weighted in the rankings.
Persons: Antonio Neri, HPE, Martin Whittaker, Paul Tudor Jones, It's, it's, Whittaker, Kristin Major, we've, Russell, Major, that's Organizations: Hewlett Packard Enterprise, NYSE, NYSE Technology, of America, Capital, Just, Just Capital, Apple, Microsoft, Citigroup, Elevance, Devices, Micron Technology
WASHINGTON (AP) — The Biden administration is marking Monday's 15th anniversary of a landmark federal pay equity law with new action to help close gaps in pay for federal employees and employees of federal contractors. Administration officials said this step will help limit pay discrimination and ensure compensation is based on an applicant's skills, experience and expertise. A similar proposal will offer protections to those employed by federal contractors. Administration officials said the proposal would help federal contractors recruit, diversify and retain talent, improve job satisfaction and performance and reduce turnover. In 2022, the federal government had a 5.6% pay gap compared with 16% nationwide.
Persons: , Biden, Lily Ledbetter, Joe Biden, Barack Obama, Shalanda Young, , Kiran Ahuja, Ahuja, we've Organizations: WASHINGTON, Democratic, Management, Regulatory, White House, White, National Partnership for Women, Families
Across the economy and country, women — and especially women of color — are paid less than their peers. "Relying on a candidate's salary history can exacerbate preexisting inequality in our pay structures, and disproportionately impact women and workers of color. And, as the National Women's Law Center chronicles , some employers use previous salaries as a benchmark for determining a new worker's salary — again essentially locking in some of the biases that could've kept that number lower. Research on salary history bans suggests that they are effective in narrowing pay gaps; one study , which focused on California's statewide salary history ban alongside other localities that enacted bans, found that the gender earning ratios increased, with women over the age of 35 particularly benefiting. The actions are pegged to the 15th anniversary of the Lilly Ledbetter Fair Pay Act of 2009, which, per the EEOC , is the first piece of legislation President Barack Obama signed into law.
Persons: , Biden, Shalanda Young, could've, Lilly, Barack Obama, SCOTUS, Congress hasn't, Young Organizations: Service, Business, Management, National Women's Law, Research, Congress
At other times, she's chatting with her white counterparts about how better to address the unique needs of creators of color. Influencer marketers, creators, and public relations professionals BI spoke with said they're working to ensure this doesn't happen in the creator economy, often referencing research from the past few years that details the pay inequity between white creators and creators of color. Based on this data, three influencer marketers and creators shared their recommendations with BI on improving pay equity for creators of color. Koo also notes the unique responsibility people in her position have in paying creators of color equitably. "Influencer marketing professionals have great power in driving DEI conversations by choosing which voices should represent prominent brands," she said.
Persons: Petit's, influencers, Yasmin Koo, Ogilvy, Booth, Megumi Robinson, Petit, Antonia Alakija, they're, Alakija, Koo Organizations: Business, Meta, League, Color, Association of National, ANA, PR, Belle Communication
Even so, they remain some of the top companies where employees feel happiest with their pay. 1 spot where workers felt happiest with their pay, according to the analysis. Overall, Herring points out, many tech companies, and especially cybersecurity firms, scored highly on the compensation analysis. 5, respectively), but they remain in the top 15 companies where workers are satisfied with their pay. While workers may feel satisfied with their compensation there, the two tech giants did not fall into the top 100 companies with the happiest workers overall.
Persons: they're, Chad Herring, Herring, Uber —, Warren Buffett Organizations: Big Tech, Boston, Palo Alto, SAP, Google, Boston Consulting, Workers, Employees, Adobe Locations: Palo, California
watch nowState and local pay transparency laws enacted over the last few years have more employers disclosing salary ranges in job descriptions. The growth of advertised wages for new hires is slowing, according to a report from job posting service ZipRecruiter — and in some cases, it's reversing, with companies now posting lower pay ranges. Some jobs go unfilled as employers lower pay rangesSome employers don't follow pay transparency rulesSturti | E+ | Getty ImagesAbout 30% to 40% of employers are not complying with new state pay transparency laws, according to Revelio Labs, a workforce analytics firm. In Washington state, job applicants and current employees can file a complaint or bring a civil lawsuit if a company doesn't comply with the law. Other companies post pay even when not requiredBut there has also been a spillover effect with companies that have complied with pay transparency laws.
Persons: Timothy W, Emery, Emery Reddy, it's, Lisa Simon, Katie Cox Branham, Branham Organizations: Revelio Labs, Department of Labor & Industries, Companies Locations: Washington, Seattle, Atlanta, U.S, SalesLoft
The last time New Zealanders voted in a general election, they were choosing between two women who were self-professed feminists. Three years later, in a sign of how sharply the pendulum has swung, they will pick between two men named Chris. Issues like pay equity, child poverty and the prevention of domestic violence and harassment have seldom featured in the current campaign. Female politicians across the spectrum now say they face extraordinary abuse from a misogynistic and sometimes scary slice of the population. Some women say they did not seek office because of safety fears.
Persons: Chris, Jacinda Ardern Organizations: Zealanders, New Zealand
New York CNN —New York State is the latest jurisdiction to implement a pay disclosure law that requires employers to list salary ranges for open roles. “We’re seeing a patchwork [of different pay disclosure requirements], which makes it hard for multistate employers to navigate,” said Monica Snyder Perl, a partner at Fisher Phillips. Some laws require employers to disclose ranges just for base pay, but others mandate that information about compensation and benefits be included as well. The impact of the lawsAll the pay disclosure laws are relatively new. Leniency may continue until employers and regulators work out their questions about each jurisdiction’s pay disclosure rules, which are still being interpreted by employment lawyers and, in some cases, being amended by legislators.
Persons: Fisher Phillips, , Monica Snyder, headcount, Perl, Washington ” —, it’s, , ” Perl Organizations: New, New York CNN — New, New York CNN — New York State, New York, New York State, Evergreen State, Colorado —, Society for Human Resource Management Locations: New York, New York CNN — New York, New York State, New York City, Ithaca, Westchester County, Washington State, Washington, Kansas, Colorado, Hawaii, Illinois, California
Total: 25