DIRS.INFO The most relevant business & tech news

☆ Read the Q&A guideline Amazon shares with managers on how to answer pay-related questions from employees
▼ + stars: | 2023-04-18 | by ( Eugene Kim | ) www.businessinsider.com time to read: +23 min

To prepare managers to discuss pay with employees, Amazon shares a lengthy Q&A guideline that addresses some of the most pressing questions, according to internal documents obtained by Insider. This includes base pay, variable pay, other cash, and equity in the form of Restricted Stock Units (RSUs) or stock. A: We plan employee's total compensation in outlook years. Q: Why am I positioned at XX in my pay range and how can I increase my pay? Clearly and directly explain the reason there was no base pay increase:"Employee A, you are at the base pay max."

☆ Internal guidelines show how Amazon wants managers to address employee concerns about pay as the value of its stock awards crumbles
▼ + stars: | 2023-04-18 | by ( Eugene Kim | ) www.businessinsider.com time to read: +8 min

Amazon employees have lost more than 30% on stock awards they got last year. Even CEO Andy Jassy saw his 2022 realized compensation drop 25% because of the stock price decline. Amazon wants its managers to stress the "long-term" value of stock and "ownership" of work during annual employee compensation reviews that started earlier this month. That price is based on a 30-day trailing average stock price. If an employee disagrees with their pay, managers are to have an "open discussion" and determine whether an adjustment is necessary.

☆ 1 in 3 people would quit for a 4-day workweek job, according to a new report
▼ + stars: | 2023-04-07 | by ( Jennifer Liu | ) www.cnbc.com time to read: +3 min

The four-day workweek is gaining momentum, and people say they're willing to quit to have it. A majority, 61%, of workers say they'd rather have a four-day workweek than the traditional five, and 33% say they'd quit their job to for one with a shortened week, according to a Monster survey of 868 workers conducted in March. Half of those surveyed say they'd be more productive with a shortened workweek, and 10% would even take a pay cut for the benefit. More companies may experiment with a shortened workweek, especially if they can't award raises or promotions in a challenging economic environment. The share of companies offering a 4-day workweek benefit reached the 10% threshold for the first time last year, according to a recent Payscale report.

☆ NYC worker saw her job title advertised at up to $90K more than her pay—what to do if it happens to you
▼ + stars: | 2023-04-06 | by ( Jennifer Liu | ) www.cnbc.com time to read: +5 min

That's what happened to Kimberly Nguyen in March: The NYC worker went viral on Twitter when she saw an opening for her job title was being advertised with a pay range up to $90,000 higher than her own salary. A slim minority, 45%, of companies currently include pay ranges in job postings, according to a 2023 Payscale report. If you find your own job title online listed at a higher salary, here are some things you can do. There are some good reasons why similar job titles could have different pay ranges, says Ruth Thomas, a pay equity strategist at Payscale. You could use public salary ranges to ask for a raise.

☆ Former Canada Soccer head apologises to Sinclair, regrets incident
▼ + stars: | 2023-03-30 | by ( ) www.reuters.com time to read: +2 min

March 30 (Reuters) - Former Canada Soccer president Nick Bontis does not remember using insulting language towards Christine Sinclair when she brought the women's soccer team's concerns to him but has apologised for the incident, he said on Thursday. Sinclair, the world's all-time leading international goal scorer, appeared before a parliamentary committee three weeks ago to speak about pay equity, equal treatment and other issues surrounding Canada Soccer. "Few people have done more for soccer or women's sport in this country than Christine," said Bontis. "She has not only inspired millions of young soccer players around the world she inspired me. "Unlocking the full potential of players who want to follow in Christine's footsteps was a large part of why I got involved with Canada Soccer."

☆ Layoffs destroy workers' trust, but there are ways employers can reduce the damage, a PwC survey shows
▼ + stars: | 2023-03-28 | by ( Josée Rose | Tim Paradis | ) www.businessinsider.com time to read: +4 min

A PwC survey identified steps employers can take to help restore trust amid layoffs. "Trust is built in hard times, not easy times," Wes Bricker, a vice chair and US trust solutions coleader at PwC, told Insider. Bank runs and waves of job cuts across industries, including tech, have left some leaders and rank-and-file workers feeling uneasy. Yet the gaps in trust revealed by the survey indicate that there's more work for business leaders to do. The recent challenges in some industries mean business leaders need to be straight with their employees, Bricker said, even when it's difficult.

☆ Companies Face Another Packed Year of Sustainability Shareholder Votes
▼ + stars: | 2023-03-22 | by ( Dieter Holger | ) www.wsj.com time to read: +5 min

U.S. companies are facing fewer shareholder proposals on social issues this year but more calls for climate action. Proposals focused on social issues were again the most popular this year, mentioned in 338 of the filings, down more than 9% from 373 last year. Included in the grand total were 48 so-called anti-ESG proposals focused on the risk of ESG-promoting policies, up from 27 in the same period last year. These typically ask companies to audit or report on gender-and-racial pay differences. Companies will avoid votes when shareholders withdraw some current proposals, usually after they reach an agreement with the company on an issue.

☆ Want to invest in companies that empower women? Here's what you need to know
▼ + stars: | 2023-03-17 | by ( Michelle Fox | ) www.cnbc.com time to read: +8 min

Known as gender lens or gender equity investing, the idea is to invest for financial return, while promoting gender diversity. Yet those funds represent less than 0.01% of total equity fund assets in the United States, according to the firm. Her women CEO and CFO clients were getting tremendous results, she said. In January, the asset management firm launched the Hypatia Women CEO exchange-traded fund (WCEO). Women in leadership matters, but we need a more robust scorecard to assess gender equity.

☆ Today is Equal Pay Day. Here’s what that means
▼ + stars: | 2023-03-14 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +4 min

This year, Equal Pay Day falls on March 14. And Equal Pay Day, inaugurated in 1996 by the National Committee on Pay Equity, now arrives about a month earlier than it used to. Back in 2005, for instance, Equal Pay Day was April 19. The bad news is that Equal Pay Day is even still a thing in 2023, since pay equity remains a long way off. Equal Pay Day varies widely for different groupsThe actual marking of Equal Pay Day in March for women overall is largely symbolic, in part because the date varies widely by race and ethnicity, occupation, geography, age and other issues.

☆ The pay gap has stalled and parenthood is a big reason why
▼ + stars: | 2023-03-14 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

Caregiving and parenthood could be contributing to the gap in earnings between men and women. It provides a striking way of thinking about the gender pay gap. Pew Research Center also looked at how the pay gap has evolved over time and found that it has stalled. For instance, a research paper from Patricia Cortés and Jessica Pan found that "by the 2010s, child-related inequality accounted for nearly two-thirds of the overall gender pay gap in the U.S." Additionally, according to a fact sheet from NWLC, there's a pay gap between mothers and fathers. A Pew Research Center survey asked US adults why they think the pay gap persists.

☆ Meta has a pay gap problem, with women abroad getting lower pay and smaller bonuses than men
▼ + stars: | 2023-03-09 | by ( Kali Hays | ) www.businessinsider.com time to read: +5 min

The company still pays women abroad less than men and gives them much smaller bonuses. Globally, the number of women working for Meta has increased just 1% since 2018. In 2022, women working across Meta in Ireland were paid 15.7% less on average than men at the company. In the reports showing an ongoing pay gap, Meta said its problem of pay inequity comes down to fewer women in technological roles. In Ireland, while the company said its workforce is almost half men and women, men hold more high-level and tech-focused jobs, according to the report.

☆ Britain's startup ecosystem dominates VC funding but it boasts one of Europe's worst gender pay gaps, new report shows
▼ + stars: | 2023-03-08 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

Women earn 81 cents for every euro that men earn at European startups, a new report has found. The sector has an unadjusted pay gap of 19%, according to an analysis by data firm Figures. The unadjusted gap in the UK was an improvement on the 30% gap recorded last year. Germany tailed the UK, showcasing an unadjusted gender pay gap of 22%, followed by the Netherlands at 20%, and France at 15%. How different organizations measure the pay gap can vary but the wider bloc's gap is estimated to be around 13%, considerably lower than the tech sector's 19% gulf.

☆ 'Quiet' is the workplace word of 2023
▼ + stars: | 2023-02-25 | by ( Madison Hoff | ) www.businessinsider.com time to read: +9 min

Bare Minimum Monday, another workplace buzzword of 2023, also relates to quiet quitting. Experts think those "quiet" trends and more are set to continue throughout 2023 and beyond. "Quiet hiring" is one of the "biggest workplace buzzwords" of 2023 per Insider's reporting. Emily Rose McRae of Gartner's HR Practice said per reporting from GMA that quiet hiring is a workplace trend in 2023 in part because of a shortage in talent. Other buzzwords of the year from Insider's reporting relate to quiet quitting even if they don't use the word quiet.

☆ Purple protest as Canada players take pay dispute to the pitch
▼ + stars: | 2023-02-17 | by ( ) www.reuters.com time to read: +3 min

[1/5] Members of Canada's National Women's soccer team wear protest t-shirts before their match against the U.S. at the SheBelieves Cup women's soccer tournament in Orlando, Florida, U.S., February 16, 2023. The team's protest is the latest escalation in their dispute with Canada Soccer over pay equity issues. "Tonight, our players will be wearing purple as a symbol of protest," said the Canadian Players Association in a statement. The Canadians wore the purple t-shirts during warmups at Exploria Stadium in Orlando, Florida before changing into their traditional red kit but wearing purple tape on their wrists. The Olympic champions had boycotted training last Saturday while demanding immediate changes but reversed course later that day as Canada Soccer called their strike unlawful and threatened legal action.

☆ Canada women's coach says players 'drained' amid pay equity dispute
▼ + stars: | 2023-02-15 | by ( Frank Pingue | ) www.reuters.com time to read: +2 min

Feb 15 (Reuters) - Canada head coach Bev Priestman said on Wednesday the dispute between the women's team and national governing body over pay equity issues and budget cuts has left her squad emotionally drained when their focus should be on World Cup preparations. The reigning Olympic champions boycotted training last Saturday while demanding immediate changes but reversed course later that day as Canada Soccer called their strike unlawful and also threatened legal action. The squad said they would play under protest at the four-nation SheBelieves Cup that starts this week in the United States but promised future boycotts if their demands over pay equity are not met. "The biggest thing is I'm committed to this group of players and I've shared some incredible moments with them. But my aim is to be with this group of players and to share more incredible moments."

☆ Canada women's team threaten to boycott next team camp over pay equity
▼ + stars: | 2023-02-14 | by ( Lori Ewing | ) www.reuters.com time to read: +3 min

Feb 14 (Reuters) - Canada's women's team will play at this month's SheBelieves Cup under protest but the Olympic champions say their fight is far from over and have vowed future boycotts if their demands over pay equity are not met. "So (playing this tournament under protest) is a short-term solution," added the forward. The players said the "disgusting" discrepancy between the Canada men’s and women’s soccer programmes became obvious last year in Qatar, where Canada's men made their first World Cup appearance in 37 years in November. And as national team players, it’s one we’re determined to win.”The CSA spent $11 million on the men’s programme in 2021, and $5.1 million on the women. Japan, the 2011 world champions, and Brazil round out the field for the SheBelieves Cup, which takes place in Orlando, Florida, Nashville, Tennessee and Frisco, Texas.

☆ How small-business owners can address pay equity, according to a startup founder trying to build generational wealth for employees of color
▼ + stars: | 2023-02-14 | by ( Alexandra York | ) www.businessinsider.com time to read: +6 min

Yemi Rose is the founder of OfColor, a startup helping workers of color build generational wealth. Rose shared his insights on how small businesses could reach pay equity for employees of color. Before starting OfColor, Rose spent 16 years workings for financial and consulting firms like Thomson Financial and KPMG. In a conversation with Insider, Rose shared his thoughts on how small-business owners could reach pay equity for their employees of color. Before launching OfColor, Rose wanted to become an expert on the systems dictating wealth across America.

☆ Inside Nike's high-profile gender discrimination lawsuit, where plaintiffs claim unequal pay and more thanks to a 'boys' club' culture
▼ + stars: | 2023-02-06 | by ( Matthew Kish | ) www.businessinsider.com time to read: +6 min

Former female Nike employees sued the company over alleged gender discrimination in 2018. The lawsuit was filed in 2018, a few months after the Wall Street Journal first reported on allegations of a "boys' club" culture at Nike. Nike disputes the number and says there's no gender pay gap. In November 2022, Nike and plaintiffs unsealed roughly 5,000 pages of documents, including details of an alleged $11,000 pay gap between 2015 and 2019 for male and female Nike employees. Nike unseals internal memos and human-resource documents as it gears up to defend itself against allegations of gender discriminationIn late April 2022, Nike unsealed its motion against class certification.

☆ 3 tips on negotiating from Oscar-winner Octavia Spencer: 'I always get a raise'
▼ + stars: | 2023-01-18 | by ( Eboni Boykin-Patterson | ) www.businessinsider.com time to read: +4 min

Oscar-winner Octavia Spencer recently discussed her pay negotiation tactics in an interview. Spencer has been a vocal advocate of equal pay for women of color in Hollywood. Her perspective has remained straightforward on the topic: "Women and women of color have always lagged. While acknowledging that some negotiating is always necessary because, "Nobody's going to offer you what you're worth," she said, "I'm also not that negotiator who's going to go back and forth. If you can't come up to my price, there are so many other people that you can go to who probably will accept what you're offering.

☆ Salary Transparency Is Coming — so I Decided to Tell Everyone What I Make
▼ + stars: | 2023-01-16 | by ( Aki Ito | ) www.businessinsider.com time to read: +37 min

But there's a glaring catch to my support for pay transparency: I haven't actually practiced it in my own life. To find out why, I decided to commemorate the dawning age of salary transparency by telling pretty much everyone in my life what I earn. Norway responded to pay transparency with yet another level of transparency, and that brought down the level of snooping.. Thanks to its nationwide experiment, Norway has been fertile ground for scholars trying to measure the consequences of extreme pay transparency. But I do believe that as more states implement pay-disclosure laws — and as Gen Z increasingly comes to dominate the workforce — salary transparency is going to become the new norm.

☆ Banks take No. 1 spot, tech loses a market crown: The 2023 Just 100 rankings
▼ + stars: | 2023-01-10 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +5 min

1 on the 2023 Just 100 list, and it's not alone among peers. On last year's list, the top four spots all went to tech companies. "Banks have been steadily improving their game and that's the standout," he said of this year's Just 100 list. 71, making the cut for the Just 100 list. This year's top 10 still included five tech companies: NVIDIA , Microsoft , Hewlett Packard Enterprise , Apple , and Intel .

☆ What Apple, Google and other Big Tech companies are paying, based on new salary transparency data
▼ + stars: | 2023-01-06 | by ( Jennifer Liu | ) www.cnbc.com time to read: +4 min

It just got a lot easier to see how much some of the biggest tech companies in the world pay, thanks to a rollout of new salary transparency laws across the country. As of Jan. 1, California and Washington joined New York City and Colorado in legally requiring employers to post salary ranges on their job ads. Data is based on job posts from over 700 of the top tech companies and startups, accounting for more than 53,000 active listings. As of this week, Comprehensive.io says 39% of tech companies are complying with California's new salary range law. In New York City, which rolled out its legislation on Nov. 1, 63% of tech companies are complying.

☆ Here's how much top tech jobs in California pay, according to job ads
▼ + stars: | 2023-01-05 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

That means it's now possible to know the salaries top tech companies pay their workers. California is the latest and biggest state to enact a pay transparency law, joining Colorado and New York City, which had previously passed similar policies. California's pay transparency law is intended to reduce gender and race pay gaps and help minorities and women better compete in the labor market. For example, people can compare their current pay with job listings with the same job title and see if they're being underpaid. In a comment to CNBC, a Meta spokesperson said, "To ensure fairness and eliminate bias in our compensation systems, we regularly conduct pay equity analysis, and our latest analysis confirms that we continue to have pay equity across genders globally and by race in the US for people in similar jobs."

☆ Here are all the new salary transparency laws going into effect in 2023
▼ + stars: | 2022-12-29 | by ( Jennifer Liu | ) www.cnbc.com time to read: +2 min

The salary transparency movement is well underway: In 2021, Colorado paved the way for new laws requiring businesses to list salary ranges on job ads, and New York City rolled out its own pay range law in November 2022. A handful of other states and cities say employers must share the salary range for a job during the hiring process. The move makes California the largest state where job listings will require salary information by law. Plus, they'll have to provide a salary range for a current employee's position at their request. Other pay range laws that could come in 2023 and beyond

☆ Nike employees described 'sloppy drunk' men, witnessing oral sex, and requests to 'dress sexier' at work in newly unsealed surveys
▼ + stars: | 2022-12-20 | by ( Matthew Kish | ) www.businessinsider.com time to read: +9 min

In early 2018, female Nike employees were fed up with the company's response to claims of sexual harassment and gender discrimination, so they anonymously surveyed each other about their experiences at the company. A third wrote that she caught a male executive receiving oral sex from a lower-ranking female in the campus gym. But four former Nike employees familiar with the collection of the surveys told Insider closer to 100 were collected. "Maybe if you dressed nicer I would be on time," one female Nike worker said she was told by a male Nike executive. "Kept it to myself because of who he is at the company," wrote the person who was told to "show some skin."

Search resuls for: "Pay Equity"

25 mentions found