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☆ The effect of pay transparency laws on states
▼ + stars: | 2024-11-13 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +6 min

The net effect for employers and employeesWhile only a minority of states require employers to provide pay transparency, their laws are having a domino effect on employers across the United States. “The majority of top-performing organizations (57%) embrace pay transparency and share pay ranges even when not required by law,” Payscale’s report noted. How pay transparency is helping individualsWhile there are federal laws prohibiting wage discrimination based on gender and other protected classifications, most states also have their own pay equity laws on the books. Wieselthier considers pay transparency laws a subset of pay equity because they provide a tool people can use to ensure they’re being paid fairly. “The whole purpose of pay transparency laws is to empower the candidates to negotiate,” Seikaly said.

Persons: Jersey —, Phil Murphy, ”, Sarah Wieselthier, Fisher Phillips, That’s, ” Wieselthier, Gen Z, Zers, Lulu Seikaly, —, Payscale, –, Wieselthier, ” Seikaly, “, Seikaly Organizations: CNN, — Locations: Washington, California , Colorado , Connecticut, Hawaii , Illinois, Maryland , Massachusetts, Minnesota , Nevada , New York, Rhode Island , Vermont, Illinois , Massachusetts, Minnesota, Vermont, Jersey, Jersey City , New Jersey, Cincinnati, Toledo, Ohio, New York City, Ithaca, Westchester County, New York State, United States

☆ This common mistake can tank a salary negotiation in minutes, says hiring expert: 'It looks like a cash grab'
▼ + stars: | 2024-11-01 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

The secret to a successful salary negotiation isn't what you ask for, but how you do it. Explaining why you deserve a higher salary makes the conversation more collaborative than confrontational. It also shows the hiring manager that you're invested in the role and have done your homework, Broda adds. Ultimately, "hiring managers are on your side in salary negotiations," says Broda. Take CNBC's new online course How to Negotiate a Higher Salary.

Persons: Adam Broda, Broda Organizations: Amazon, CNBC, LinkedIn

☆ This 25-year-old has one of the most fulfilling college degrees available—'I wouldn't trade it'
▼ + stars: | 2024-09-29 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +2 min

But once she got there, she discovered the discipline of music therapy and immediately switched her major. After finishing her degree in 2021, she started working as a music therapist full-time. While not everyone with a music therapy degree may be working as a therapist, everyone who is a board-certified music therapist has a music therapy degree, per the profession's requirements. Just 30% of current music therapists said they can live comfortably on their music therapy income alone, according to a 2022 survey by the American Music Therapy Association. In their first five years of working, music therapy degree-holders earn a median salary of $49,400, Payscale finds.

Persons: Dannielle Caldwell, Payscale, Caldwell Organizations: Belmont University, CNBC, American Music Therapy Locations: Nashville

☆ The 5 highest-paying associate degrees—all help you earn over $100,000
▼ + stars: | 2024-09-23 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

College graduates on average earn more than those without a degree, but you don't need a bachelor's to land a high-paying job. Dozens of associate degrees can lead to high five-figure and six-figure incomes, according to a new report from salary data provider Payscale. Payscale looked at the education and employment histories of more than 3 million college graduates with either an associate or bachelor's degree. These findings, published on Sept. 4, note that associate degree holders can earn as much as $150,000 within 10 years of graduating. Here are the five highest-paying associate degrees, according to Payscale:

Persons: Payscale

☆ The 9 college majors that lead to the most fulfilling careers—2 pay more than $100,000
▼ + stars: | 2024-09-14 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +1 min

If you want your degree to help you land a fulfilling job, consider studying music therapy. The medical and therapeutic fields are among the college majors helping graduates get jobs that make the world a better place, according to graduates surveyed in a recent Payscale report. Music therapy programs cover coursework in music, music therapy, science and psychology, according to the American Music Therapy Association. "Knowledge and skills are developed through coursework and clinical training, which cover the theory and practical application of music therapy treatment procedures and techniques," the organization states on its website. Here are the nine majors and degrees that alumni are most likely to say led to meaningful careers, according to Payscale.

Persons: Payscale Organizations: American Music Therapy Association

☆ This college has the highest-paid graduates—it's not Harvard, Princeton or any Ivy League school
▼ + stars: | 2024-09-12 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

College graduates on average earn more than those without a four-year degree — but where you go to school may influence your earning potential. Young women who graduated college earned $65,000, while their degreeless counterparts earned about $36,000. Its findings, published on Sept. 4, note that mid-career earnings for the same degree can vary by as much as $130,000. Former MIT attendees earn a median income of $196,900 a decade after graduating, making them the highest earners among the nearly 1,500 colleges ranked. If you want to get the most bang for your buck out of college, consider these 10 schools that yield the highest salaries for graduates, according to Payscale:

Persons: Payscale Organizations: Pew Research, Massachusetts Institute of Technology, MIT

☆ These are the top 10 highest-paying college majors — two have six-figure starting salaries
▼ + stars: | 2024-09-05 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

College still pays off, but the return on investment largely depends on your choice of major. College graduates earn 37% more than those with only a high school diploma, according to a new report by Payscale. But as the cost of a degree rises, it is increasingly important to consider both your area of concentration and future earnings potential before taking out student loans to pay for college, most experts say. Often, a good rule of thumb is not to borrow more than you expect to earn as a starting salary. To that end, Payscale ranked which majors are the most financially rewarding, after accounting for salaries at the entry level and median income years down the road.

Persons: Amy Stewart, Payscale's Organizations: College, Payscale, Finance

☆ A boomer lives on $2,600 monthly from Social Security and his Walmart job: 'If I had $1 million, I don't know what I would do with it.'
▼ + stars: | 2024-07-14 | by ( Allie Kelly | ) www.businessinsider.com time to read: +4 min

He works two or three days a week at a Walmart warehouse and cashes his monthly Social Security check, which he said is enough to finance his "simple" lifestyle. AdvertisementHe lives in Finleyville, Pennsylvania, a town 45 minutes south of Pittsburgh and receives $1,022 a month in Social Security, according to documents viewed by BI. Some are living paycheck to paycheck on Social Security, which could start shrinking by 2030 . The paychecks help supplement this Social Security income, and he said the job keeps him active and social. Are you an older adult living on Social Security?

Persons: —, George Dziamniski, frugally, Dziamniski, doesn't Organizations: Service, Walmart, Social Security, Business, BI, Northwestern Mutual, Survey, SNAP, Medicare Locations: Finleyville , Pennsylvania, Pittsburgh, Finleyville

☆ The fastest-growing city in America has 2 things everyone wants, its mayor says
▼ + stars: | 2024-07-11 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +6 min

Instead, it's a small town in the South that only welcomed its first Starbucks in 2022: Celina, Texas. Celina mayor Ryan Tubbs told Business Insider that he believes people are drawn to two main things about Celina: its relative affordability and its tight-knit community. According to the city, from 2010 until June 2024, 15,062 single-family permits have been issued for Celina. Michelle Clifford, her husband, and children are moving to Celina, Texas, in July. Courtesy of the city of CelinaTo preserve Celina's friendly vibe, the city puts on events, especially in its downtown square.

Persons: —, Celina, Ryan Tubbs, Tubbs, Taylor Morrison, Toll, Michelle Clifford, Clifford, Celina —, Antonio — Organizations: Service, Business, Census, Highland Homes, North Texas Tollway, Texans Locations: New York, Franciso, Celina , Texas, Celina, Dallas, Collin County, Texas, California , Florida, Georgia , Illinois, Missouri, Africa, Asia, Central America, Europe, Highland, Celina ., California, Prosper , Texas, San Diego, Preston, New Braunfels, Austin

☆ This salary phrase in job descriptions is 'useless,' says recruiter—here's how to make sense of it
▼ + stars: | 2024-06-18 | by ( Alex Koller | ) www.cnbc.com time to read: +3 min

Pay transparency laws are on the rise nationwide, but so is the share of companies that use the ambiguous phrase "competitive salary" to describe what they'll pay. As of May, the phrase appeared in 3% of U.S. job postings on Indeed, up from 2.5% of postings at the same time last year, the employment website told CNBC Make It. It's a small but notable increase that reflects thousands of job posts with unclear pay ranges, according to Indeed. "But without further details in the job posting, the phrase puts the onus on the job seeker to know what a competitive pay range may look like." If you're applying to jobs without clear pay ranges, here are a few ways to discuss salary during the hiring process.

Persons: Jeff Hyman, Hyman, Jennifer Herrity, Bonnie Dilber, — that's, we've, It's, — Organizations: CNBC, Companies

☆ Up to 65% of workers with these jobs are middle class—and some don't require a bachelor's degree
▼ + stars: | 2024-06-11 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +3 min

But the middle class may be more occupationally ambiguous, especially since a middle class income can range from $49,720 to $149,160 in the U.S., according to Pew Research's definition and based on the latest Census Bureau income data. Pew defines the middle class as households earning between two-thirds and double the median income, which was $74,580 in 2022, according to the U.S. Census Bureau. Since over half of U.S. households were estimated to be in the middle class as of 2022, Pew says, it makes sense the jobs that offer those middle class incomes would vary. But some positions and industries tend to have higher shares of middle class workers. Notably, many of the jobs that are likely to ensure a middle class salary may not require a college education.

Persons: Pew Organizations: Pew, . Census, Survey, Armed, Workers, Bureau of Labor Statistics, Department of Defense, Public, CNBC Locations: U.S

☆ The highest-paying in-demand jobs that don't require a degree, according to new research
▼ + stars: | 2024-04-22 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

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

Starting Monday, fast-food workers in California at chains with more than 60 national locations earn $20 an hour, higher than the state's broader minimum wage of $16 per hour. California pay is already highwatch nowWhile the new fast-food minimum wage is among the highest in the U.S., California employers are used to paying more for their labor. Even when it is not mandated, restaurants usually find themselves paying more than the minimum wage to attract hourly workers. As a full-service restaurant chain, the company won't be obligated to pay its California workers $20 an hour. Advocates prepare to go biggerFrom start to finish, the California law, which was backed by the Service Employees International Union, has been controversial.

Persons: David Paul Morris, Gavin Newsom, Matthew Haller, Daniel Zhao, Zhao, Lauren Crabbe, she's, Crabbe, Matthew Clark, Jennifer B, Perez, I'm, it's, Newsom, Greg Flynn, Flynn Organizations: McDonald's Corp, Bloomberg, Getty, International Franchise Association, CNBC, Bureau of Labor Statistics, Service Employees International Union, Gov, SEIU Locations: Oakland , California, U.S, California, , California, Fresno, San Francisco, Long Beach

☆ The 10 most in-demand remote jobs paying over $100,000 that companies are hiring for right now
▼ + stars: | 2024-03-29 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

Remote jobs are getting harder to come by. As of December 2023, remote jobs made up less than 10% of postings advertised on LinkedIn, down from a high of 20.6% in March 2022 — even though close to half of jobseekers prefer remote roles. To examine where remote hiring is happening the most for high-paying jobs, FlexJobs identified the top 10 occupations with the highest number of remote job openings on their site between January and March 2024 that pay more than $100,000. The top industries offering ample remote work opportunities with six-figure salaries include tech, marketing and project management, per FlexJobs data provided to CNBC Make It. With that in mind, here are some in-demand, high-paying remote jobs that can earn you a salary of $100,000 or more, according to data from FlexJobs and Payscale:1.

Persons: —, FlexJobs, Toni Frana, We've, Frana Organizations: LinkedIn, CNBC Locations: FlexJobs

☆ 10 cities with the lowest salaries needed for a comfortable life — 4 of the top 5 are in Texas
▼ + stars: | 2024-03-12 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +3 min

Texas cities Houston, El Paso, and Lubbock require the lowest salaries for comfortable living. New York City has the highest salary to live comfortably, followed by many in California. AdvertisementResidents of Houston, El Paso, and Lubbock, Texas, require the lowest salaries to live comfortably, a new SmartAsset analysis found. Lubbock came in third at $75,739 a year for a single adult. Other cities in the top 10 included Milwaukee, Tulsa, and Cleveland, which all have hourly wages below $40 for a single adult.

Persons: —, Houston, Francisco Organizations: New, Service, Texas — El Paso, Lubbock Locations: Texas, Houston, El Paso, Lubbock, New York City, California, Houston , El Paso, Lubbock , Texas, Payscale, Texas —, Milwaukee, Tulsa, Cleveland, Jose, Irvine, Santa Ana, Texas , Tennessee, Oklahoma

☆ 7 in-demand side hustles you can do from home—some can pay as much as $100 an hour
▼ + stars: | 2024-02-24 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

There are dozens of in-demand, non-tech side hustles you can do remotely to earn extra cash — some of which can pay as much as $100 an hour. These jobs have dozens of active listings and offer remote, part-time opportunities. Some of these remote side hustles can pay upwards of $100 per hour, depending on your level of skill and the project. Bookkeepers on Upwork, for example, can charge as much as $175 an hour or, for some projects, $300 an hour. The most salient benefit of pursuing one of these remote side hustles, says Frana, is the flexibility.

Persons: FlexJobs, Toni Frana, Frana, Angelique Rewers, BoldHaus Organizations: CNBC

☆ Barbara Corcoran: If you feel like a fraud at work, 'good for you'—why it 'guarantees' success
▼ + stars: | 2024-01-14 | by ( Ashton Jackson | ) www.cnbc.com time to read: +1 min

Having imposter syndrome isn't fun — but it can be the key to unlocking your potential, according to Barbara Corcoran. In a recent TikTok video, the 74-year-old real estate millionaire said professionals should be grateful to have such self-doubt. "If you're struggling with imposter syndrome, good for you," she said. When you make it a habit to try harder than your peers, you'll inadvertently build self-assurance, Corcoran said. Corcoran, a co-star on ABC's "Shark Tank," even looks for imposter syndrome among the show's contestants — so she can prioritize investing in their companies.

Persons: Barbara Corcoran, you'll, Corcoran, I've Organizations: General Internal Medicine

☆ Harrisburg, Pennsylvania is the No. 1 place to retire in America, recent study shows
▼ + stars: | 2023-11-27 | by ( Celia Fernandez | ) www.cnbc.com time to read: +3 min

According to a recent U.S. News and World Report ranking, the state of Pennsylvania dominates the list of best place to retire in the U.S. Harrisburg ranked as the best place to retire in the U.S. in 2024, according to U.S. News and World Report. Richard T. Nowitz | The Image Bank | Getty ImagesHarrisburg, Pennsylvania's capital, ranked as the best place to retire in the U.S. Reading, Pennsylvania ranked as the second-best place to retire in the U.S. in 2024, according to U.S. News and World Report. 3 best place to retire in the U.S. in 2024, according to U.S. News and World Report.

Persons: Richard T, Penn ., Alex Potemkin, RentCafe Organizations: . News, U.S . News, U.S, Harrisburg, Bank, Getty Images, Allentown , Penn . New York City, Daytona, Reading Railroad, Monopoly, Istock, Getty Locations: U.S, Florida, Pennsylvania, Northeastern, Puerto Rico, Harrisburg, Penn, Getty Images Harrisburg, New York City, Philadelphia, Baltimore, Washington, East Coast, Zillow, Reading, Penn . Lancaster, Scranton, Allentown , Penn . New York, Allentown , Penn . New York City York, Daytona Beach, Fla . Youngstown , Ohio Pittsburgh, Reading , Pennsylvania, Lancaster, Reading , PA, Lancaster . Lancaster , Pennsylvania

☆ Higher pay leads to surge in STEM graduates. Science, tech majors are 'the most lucrative,' says expert
▼ + stars: | 2023-10-20 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

Getty ImagesHighest-paying majors are mostly STEMPayscale's recent college salary report found that petroleum engineering is currently the highest-paying major overall. After petroleum engineering, operations research and industrial engineering majors are the next highest paid, followed by interaction design, applied economics and management, and building science. The growth in STEM jobs is expected to outpace that of non-STEM jobs in the coming years, Pew also found. 'You don't always need a degree'However, in some STEM-related fields, "you don't always need a degree," according to John Mullinix, chief growth officer at Ladders. A growing number of companies, including many in tech, are dropping degree requirements for middle-skill and even higher-skill roles.

Persons: Marc Cenedella, Greenberg, Eric Greenberg, Pew, John Mullinix Organizations: U.S . Census, Greenberg Educational, College Board, Pew Research

☆ These 5 industries have the widest pay gaps between remote and in-person workers, says new research
▼ + stars: | 2023-10-19 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

Remote workers are out-earning their in-office peers in several industries including tech and finance, according to new research from Payscale. The findings corroborate other research that shows that people who work from home earn more. Remote workers are twice as likely to earn above the median pay for non-remote workers in the same industry and zip code, a study from payroll provider Gusto found last fall. For their report, Payscale surveyed over 300,000 working U.S. adults between August 2021 and August 2023, defining "remote" as anyone who telecommutes most or all of the time. Retail and customer service has the widest pay gap between remote and non-remote workers of all industries, Payscale reports, followed by finance and insurance, with tech and manufacturing a close third and fourth.

Persons: Payscale Organizations: Ringover

☆ The numbers are in: Here’s how big your raise is likely to be next year
▼ + stars: | 2023-10-16 | by ( Aki Ito | ) www.businessinsider.com time to read: +5 min

Now it's: How much of a raise can I expect in 2024 if I stay in my current job? Sure — but it may wind up being the biggest boost in purchasing power that workers have gotten in years. If you think you deserve a raise that's higher than the 4% average, pay experts have a few tips. These days, as the hiring frenzy subsides, you're not as likely to get a bigger raise simply by switching companies. Which means that 2024 may be your last, best hope for landing an above-average raise — perhaps for years to come.

Persons: —, That's, it's, David Turetsky, What's, they're, Ruth Thomas, don't, Aaron Terrazas, Aki Ito Organizations: Congressional, Salary.com, Employees Locations: California, Washington, Payscale

☆ How big is your raise likely to be next year? We found out.
▼ + stars: | 2023-10-16 | by ( Aki Ito | ) www.businessinsider.com time to read: +5 min

☆ This year's top 10 highest-paying college majors include some you may have never heard of
▼ + stars: | 2023-09-29 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

watch nowAfter petroleum engineering, operations research and industrial engineering majors are the next highest-paying majors, followed by interaction design, applied economics and management and building science. "STEM degrees dominate the rankings for highest-paying majors and STEM careers continue to offer highly competitive salaries in the job market," said Payscale's Gruver. Payscale's college salary report is based on alumni salary data from nearly 3.5 million respondents nationwide. But it is important to consider your area of study before taking out student loans to pay for college, he added. At the very least, that "forces the conversation of what is going to be the real return on my academic investment."

Persons: Payscale's, Robert Franek, shouldn't, Franek Organizations: The Princeton

☆ I'm a Gen Zer living and working in England. Getting on the housing ladder feels impossible here, and not buying Starbucks won't help.
▼ + stars: | 2023-09-26 | by ( Adam England | ) www.businessinsider.com time to read: +6 min

AdvertisementAdvertisementFor British students in the UK, tuition fees are currently capped at £9,250 a year. In 2006, tuition at a UK university cost an average of £3,000 a year, according to the House of Commons Library . Go back a decade, to 2013, and the average house price in this area was £250,911. AdvertisementAdvertisementThe average house price in 1995, when my parents moved in together, was around £56,000. However, if you compare the average house price in 1995 to the average house price in the UK in June 2023 — £287,456 — it's increased by more than 413%.

Persons: Adam England, Zers, —, I'm, Gen, I'd, they've, They've, They're Organizations: Economic, Service, Commons, Deloitte, Price Index, Bank of Locations: England, Britain, Ukraine, Bath, North East Somerset

☆ Pay secrecy norms have ‘simply lost their teeth,’ say experts. Here's why
▼ + stars: | 2023-09-18 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Westend61 | Westend61 | Getty ImagesNew York just adopted a pay transparency ruleNew York on Sunday became the latest state to adopt a pay transparency law. The pay transparency movement is relatively new. Fifty-six percent are more likely to apply for a company — even if they don't recognize the company name — if the salary range is listed, Indeed found. For one, pay transparency may lower overall wages of the broader population of employees, even while raising them for the "inequitably underpaid," Obloj and Zenger said. 'There's still plenty to negotiate' beyond salaryOf course, applicants aren't necessarily beholden to the salary or the pay range posted on a job ad, Woodruff-Santos said.

Persons: NCSL, Salary.com, Zenger, Mandi Woodruff, Santos, Woodruff, you've, they've, there's Organizations: Westend61, Getty, Sunday, Employers, National Conference of State Legislatures, National Women's Law Locations: York, California , Colorado, Washington, New York City, Colorado, Ithaca, Albany, Westchester, New York, Jersey, New Jersey, Cincinnati, Toledo, Ohio ; Maryland ; Connecticut, Rhode, Nevada

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