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☆ The 7 best-paying biopharma companies where workers can take home more than $400,000
▼ + stars: | 2023-06-09 | by ( Zachary Tracer | ) www.businessinsider.com time to read: +1 min

Workers at biotech and pharma companies can command big paychecks. Read on to see the companies that pay workers the most, with annual salaries above $400,000. The executives, scientists, and other workers at biotech companies have a tough job: coming up with new medical treatments. Correspondent Andrew Dunn compiled public information from hundreds of biotech and pharma companies to reveal the median salaries they pay their workers. Read on to see the 7 best-paying biotech companies, listed from lowest to highest median pay.

Persons: Read, they're, Andrew Dunn Organizations: pharma, Morning Locations: San Francisco, San Diego, Boston

☆ Firefighters who risked their lives fighting wildfires were paid less than legal minimum by a federal contractor, investigators say
▼ + stars: | 2023-05-24 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +3 min

A federal contractor paid firefighters as little as $2.85/hour, according to the Department of Labor. Since 2010, the Oregon-based company KL Farms/Fire LLC has been awarded 72 federal contracts worth more than $2.6 million, according to government records. On average, per federal investigators, these workers put in an average of 70 hours a week fighting blazes in 2020 and 2021. In total, the Department of Labor said it recovered just over $152,000 in unpaid overtime and fringe benefits for 57 firefighters and truck drivers, with one worker receiving over $14,700. Email this reporter: cdavis@insider.comMay 25, 2023: This story was updated to include comment from KL Farms/Fire LLC.

☆ Why are you suddenly being asked to tip more? It could be because workers are getting more expensive.
▼ + stars: | 2023-05-21 | by ( Jacob Zinkula | Andy Kiersz | ) www.businessinsider.com time to read: +5 min

More and more businesses are asking customers to tip. It's driven in part by the spread of digital payment technologies that include prompts to tip workers. Workers are getting more expensive, and tips help cover the costBusinesses relying on tips to help pay their workers is far from a new phenomenon — particularly in the restaurant industry. One potential reason service businesses are warming up to tipping is that they're under particular pressure to keep labor costs in check. In recent years, many service businesses have struggled to attract workers and been forced to raise pay considerably as a result.

☆ Pennsylvania battery maker ordered to pay $22 million in back wages after DOL rules it denied thousands of workers overtime
▼ + stars: | 2023-05-11 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

A Pennsylvania battery maker was ordered to pay 7,500 workers $22 million in unpaid overtime. The DOL said East Penn Manufacturing Company Inc. didn't pay employees for their time spent preparing to work in hazardous conditions. During its investigation, the DOL found that East Penn employees were only being paid for their contracted 8-hour shifts. In a statement to Insider, a spokesperson for East Penn said the jury also found that East Penn did not act in a knowing or reckless disregard of the law. "East Penn appreciates the time and attention of the jurors over the course of this lengthy andcomplex trial.

☆ Bed Bath & Beyond stiffed thousands of workers on severance pay
▼ + stars: | 2023-04-20 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +9 min

Bed Bath & Beyond has been on bankruptcy watch and has been closing hundreds of stores since late 2022. Toys "R" Us and other chains that filed for bankruptcy have been criticized for failing to pay workers severance. There is no federal requirement for severance pay, although some collective bargaining agreements with unions cover severance agreements. At Bed Bath & Beyond, CEO Sue Gove is eligible for $7.1 million in severance pay and former Bed Bath & Beyond CEO Mark Tritton is suing the company for $6.8 million in unpaid severance. ‘This was our reward’Some Bed Bath & Beyond employees recently laid off in other states did not receive severance pay either, as first reported by Bloomberg.

☆ Bosses Pay Workers to Move Closer to Offices
▼ + stars: | 2023-04-17 | by ( Ray A. Smith | ) www.wsj.com time to read: 1 min

Companies are bringing back relocation benefits, paying for workers to move across the country and around the world again, in a sign of how much bosses really do want workers back in the office. Job postings in the U.S. that mention relocation benefits were up nearly 75% as of February, the latest month available, when compared with the prior year, according to hiring platform Indeed.com. On ZipRecruiter , job ads that tout relocation money have more recently doubled to 3.8 million, after falling under two million in 2020.

☆ What Walmart’s pullback from Chicago says about Corporate America’s limits
▼ + stars: | 2023-04-15 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +9 min

New York CNN —A line of Chicago mayors heavily courted Walmart over the last two decades, brushing aside community protests. Chains like Dollar General and Family Dollar are expanding in low-income areas, but they don’t sell fresh groceries. Walmart is closing neighborhood markets around the country, and three of the four stores closing in Chicago fall into that category. In Chicago, Walmart is closing in both low-income and high-income areas, a sign that it’s struggling across the city. But it’s the stores in low-income areas that will feel the loss most.

☆ Why banning TikTok could be a bad idea
▼ + stars: | 2023-04-14 | by ( Emilia David | ) www.businessinsider.com time to read: +4 min

Download Insider's app here. Screenshots from Lemon8 app, Ese Nuesiri / Shantania Beckford1. The rise of Lemon8 proves how pointless a TikTok ban would be. The US government wants to ban TikTok, but its parent company ByteDance is coming out with a new app aimed at the US market. Paayal writes that even if the US banned TikTok, Lemon8 would still exist.

☆ Companies like Uber and Amazon use AI to pay people different wages for the same work, a new study finds
▼ + stars: | 2023-04-13 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Some companies use AI to pay workers "different amount for the same amount of work," per new research. As companies adopt AI, she's concerned these practices could become prevalent in other industries. According to Dubal, companies like Amazon and Uber have "massive data sets" on the contract workers using their delivery or rideshare platforms, including when they work, for how long, and what kind of pay they've taken for past jobs. One Uber driver Dubal interviewed, Domingo, recalled being one ride of short of unlocking a $100 bonus one evening, but then said he experienced 45 minutes of "dead time" in a popular area before he was able to get another ride. Dubal described the alleged variable pay system as the "gamblification of work," a sentiment other gig workers shared.

☆ Return to the office or see a pay cut: More and more companies are forcing remote workers to choose
▼ + stars: | 2023-04-13 | by ( Jacob Zinkula | Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

The law firm Davis Polk & Wardwell might cut employees' bonuses if they don't return to the office. "We're very focused on having our team in at the same time," Neil Barr, chair and managing partner at Davis Polk, told the Wall Street Journal. The era of widespread remote work might be coming to a close economy-wide, as firms tighten their belts and try to get their workers back in. As mass layoffs sweep some sectors that embraced remote work — like tech — companies that are letting workers go are increasingly asking for their remaining workforce to come back in. That's because even companies that have chosen to embrace remote work may be doing so in part because it allows them to pay workers less.

☆ Exclusive: Walmart laying off hundreds of US workers at five e-commerce fulfillment centers
▼ + stars: | 2023-03-23 | by ( ) www.reuters.com time to read: +3 min

NEW YORK, March 23 (Reuters) - Hundreds of workers at five U.S. Walmart facilities that fulfill e-commerce orders are being asked to find jobs within 90 days at other company locations, a spokesperson confirmed to Reuters. The layoffs at Walmart, a retail bellwether because of its size, could be a harbinger of further turmoil in the U.S. economy, which many economists predict could enter recession this year. Walmart is the largest private employer in the United States with about 1.7 million U.S. workers. Apart from Pedricktown, New Jersey, Walmart did not post a Worker Adjustment and Retraining Notification (WARN) notice for the layoffs, according to a Reuters review of labor government data. This, however, still lagged Target and Amazon, which pay workers a starting wage of at least $15 per hour.

An Insider review found that his company has sold to foreign governments, including a $228 million dollar contract. What Mills didn't advertise was Pacem's munitions contracts with foreign governments. The company's chief legal officer Joseph Schmitz said all of Pacem's foreign munitions sales are approved by the Department of State. Mills's influence over American military spending while having ties to a munitions company poses the potential for conflicts of interest, an ethics watchdog said. In Congress, Mills sits on the House Foreign Affairs and Armed Services committees, which oversee military spending and foreign weapons sales.

☆ Kroger's new payroll system resulted in workers receiving less pay than owed or no paycheck at all according to 4 lawsuits filed agains the grocery chain
▼ + stars: | 2023-03-14 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Kroger employees say they were underpaid, or not paid at all, according to class-action lawsuits. A new payroll system known as "MyTime" or "MyInfo" is to blame, HR Dive reported. At least four class-action lawsuits claim that the system, implemented last year, resulted in workers receiving less pay than they were owed or no paycheck at all, industry publications HR Dive and Grocery Dive reported. "For example, Kroger employees have been forced to work second jobs, or take on high-interest and risky payday loans in order to meet daily expenses," according to the complaint. Kroger is one of the major retailers that have promoted their efforts to pay workers more in recent weeks.

At some Silicon Valley Bank branch locations in California, depositors gathered early Friday to attempt to get their cash out, fearing it could be inaccessible in the coming days. It has had financial relationships with a who’s who of Silicon Valley firms over the years, including Snapchat's parent Snap Inc (SNAP.N). A locked door to a Silicon Valley Bank (SVB) location on Sand Hill Road is seen in Menlo Park, California, U.S. March 10, 2023. A Silicon Valley Bank spokeswoman didn't immediately respond to a request for comment sent Friday. As of Friday, FarmboxRx’s funds were still tied up with Silicon Valley Bank.

☆ Congressman wants to make 32-hour workweek U.S. law to 'increase the happiness of humankind'
▼ + stars: | 2023-03-10 | by ( Jennifer Liu | ) www.cnbc.com time to read: +1 min

The four-day workweek is as buzzy as ever, and one California Congressman wants to make it federal law. Rep. Mark Takano, who represents California's 39th district, has reintroduced his 32-hour Workweek Act to Congress, which, if passed, would officially reduce the standard definition of the workweek from 40 hours to 32 hours by amending the Fair Labor Standards Act. His proposal would mandate overtime pay for any work done after 32 hours, which would encourage business to either pay workers more for longer hours, or shorten their week and hire more people. The bill applies to non-exempt workers, who typically work hourly jobs across leisure and hospitality, transportation, construction, manufacturing, wholesale, and retail trade. What my bill will do is spur conversation about how we democratize this norm to other sectors of the workforce so everybody benefits."

☆ Biden aims billions in taxpayer money at companies' labor, supply practices
▼ + stars: | 2023-03-01 | by ( Andrea Shalal | ) www.reuters.com time to read: +6 min

"What Biden and his advisers are doing is solving problems that exist in the economy. They are pushing forward an agenda aimed at building things in America again ... and taking on corporate power," he said. A Department of Energy provision in the act requires companies to focus on workforce training, ensure diversity and engage "environmental justice" communities in planning. Key provisions on universal child care and better working conditions for child care workers were stripped out of bills last year. Julie Su, just tapped to be labor secretary, launched a campaign against "wage theft" by employers as a labor activist.

☆ How Gen Z and the Great Resignation created a wave of overinflated job titles
▼ + stars: | 2023-02-07 | by ( Aki Ito | ) www.businessinsider.com time to read: +9 min

Way back in 1993, the Financial Times ran a column bemoaning the grandiose job titles that were popping up in the US and the UK. Compared with enticements like higher pay and better benefits, tacking an extra "senior" onto somebody's job title is free. Some are mashing together a bunch of old words, resulting in monstrosities like "senior executive vice president" — not to be confused with senior vice presidents and executive vice presidents. Still, despite the downsides of title inflation, I think there are some redeeming qualities to the state of things today. It goes to show how our job titles aren't just a summary of our day-to-day responsibilities or an indicator of our place in the org chart.

The issue brief stated that a "10% increase in median childcare prices was associated with 1 percentage-point lower county-level maternal employment rates." "High childcare prices and minimal public childcare investments are especially detrimental to employment among mothers with lower wages, as childcare affordability is out of reach," the researchers wrote. Childcare costs have outpaced inflation during the pandemic, according to one recent report, and the lion's share of childcare duties have fallen on women during the pandemic, causing them to leave the workforce en masse. Childcare workers made a mean hourly wage of $13.31 as of 2021, with the bottom 10% earning about $9 an hour. That's as childcare workers are more than twice as likely to live below the poverty line as those in other industries.

☆ Rolling back laws that set minimum wages for construction workers meant pay shrunk, jobs got more dangerous, and workers had to rely more on public assistance
▼ + stars: | 2023-01-16 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

A new study looks at the impact of rolling back prevailing wage laws on wages and workers. Prevailing wage laws set pay standards for government contract workers, particularly construction workers. Researchers Frank Manzo, Robert Bruno, and Larissa Petrucci examine the impact of repealing prevailing wage laws — laws that essentially set minimum wages for construction workers on government contracts. Historically, prevailing wage laws have helped plug labor shortages, and contractors could have trouble competing with higher-paying competitors across the country. Indiana, West Virginia, Kentucky, Arkansas, Wisconsin, and Michigan all repealed their prevailing wage laws between 2015 and 2018.

☆ Some restaurant workers could see big wage growth in 2023
▼ + stars: | 2023-01-07 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

The restaurant industry was already struggling with a labor crunch before the pandemic turned the problem into a full-blown crisis . More than half of U.S. states will hike their minimum wage this year , but some restaurant workers could see even bigger gains in 2023. If California's government has its way, average hourly pay for restaurant workers could soar in 2023. And it's unlikely that restaurant workers will see any wage gains on the federal level this year. President Joe Biden has expressed support for a $15-an-hour minimum wage and the elimination of the tipped wage, which allows employers to pay workers as little as $2.13 an hour.

☆ Netflix is still hiring for hundreds of roles across its games studio, engineering teams, and more. Salary data shows how much the company has offered for 180 different jobs.
▼ + stars: | 2022-12-22 | by ( Ashley Rodriguez | Elaine Low | ) www.businessinsider.com time to read: +4 min

Netflix offered base salaries between $40 an hour and $800,000 a year for certain roles, data shows. The company doesn't disclose salary data, but, like other US firms, it discloses how much it plans to pay workers it hires on US visas. Many of the roles offered six-figure base salaries. Netflix may choose to pay employees more than the figures reflected in this data or compensate them in additional ways. Based on the data, Netflix offered annual base salaries ranging from $40.45 per hour to $800,000, with a median of $184,080, for various roles.

☆ The Chick-fil-A franchisee who paid workers in chicken is now being fined by the Department of Labor
▼ + stars: | 2022-12-21 | by ( Mary Meisenzahl | ) www.businessinsider.com time to read: +3 min

A North Carolina Chick-fil-A owner owes back pay to people who worked for food vouchers. The Department of Labor is also fining the owner more than $6,000 for child labor law violations. Chick-fil-A's corporate office did not immediately respond to Insider's request for comment on the Labor Department ruling, but the company previously said that it did not endorse the program. Having the workers do so was a violation of the Fair Labor Standards Act, the Labor Department said. Separately, the Labor Department said the Hendersonville, North Carolina, restaurant owes $6,450 in civil penalties over child labor violations.

☆ How much should you tip your barista?
▼ + stars: | 2022-12-17 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

There’s also often an option to leave a custom tip or no tip at all. Although consumers are accustomed to tipping waiters, bartenders and other service workers, tipping a barista or cashier may be a new phenomenon for many shoppers. Others feel guilty if they don’t tip or embarrassed if their tip is stingy. One barista in Washington State said that he understands if a customer doesn’t tip for a drip coffee order. Nearly 60% of Uber customers never tip, while only about 1% always tip, a 2019 University of Chicago study found.

But more recently, a tip prompt on credit card payments has been added as well. At the same time, those disgruntled at finding a new tip prompt generally direct their pique at the wrong target. Most either express pleasure at the opportunity to better compensate Starbucks workers or outrage at the expectation of the surcharge. At the same time, those disgruntled at finding a new tip prompt generally direct their pique at the wrong target. There are two types of tip creep inching ever upward like a vine snaking its way along a trellis.

[1/2] A memorial is seen in the parking lot after a mass shooting at a Walmart in Chesapeake, Virginia, U.S. November 23, 2022. A system meant to help workers get compensated for workplace injuries could make it difficult for the lawsuit to succeed. But while many of those shootings occur in the workplace, employers are rarely held responsible. That is in part because nearly all U.S. states, including Virginia, require employers to buy workers compensation insurance to pay workers for medical expenses and lost wages stemming from workplace injuries. Workers' compensation is "a tough defense to overcome," said Jeffrey Harris, a Georgia-based plaintiffs' attorney who has handled numerous workplace injury cases.

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