Chief executive officers (CEOs) get paid lots of money for being the top employees in the company. Why do they get paid so much? Like athletes and actors, CEOs provide a level of talent that is required to produce the desired product - in this case, a strongly performing company. The skills and responsibilities that come with the job of CEO are extreme and the number of people who can fill these roles is limited. That is why the market has determined that people with these skills are worth a lot of money to their companies. Only about 20 percent of a CEO's pay is base salary; the rest is made... view article details
The Importance of Buckling Down You know the feeling when you look at the clock and suddenly it’s 5 p.m. and your to-do list is barely touched. Thanks to multiple meetings, an email inbox with an endless supply of new requests and information, and shifting project deadlines that demand juggling, it’s no wonder that many of us reach the end of the day the way an exhausted runner approaches the finish line: spent.Even when you think you’re buckling down, chances are you’re not as productive as you could be. Taking a quick break for coffee or fresh air is one thing. However, a mental shi... view article details
roductivity Nightmare or Communications Dream?No longer just a tool of the idle masses exchanging rumors and recipes, instant messaging (IM) applications have encroached into the working world, where professionals swap industry information, gossip, and expertise in the blink of an eye. Instead of traipsing down the hall, making an abrupt phone call, or waiting for an e-mailed response, employees can communicate with one another via online text, 'pinging' each other questions and requests, speeding up reaction rate and increasing productivity. According to a recent Jupiter Media Metrix report, ... view article details
You've decided to give temping a try and have found an agency that appears to serve your needs. You've applied for a spot on their fleet of workers and they've agreed to take you on. So now what?While the agency searches to find you that plum assignment, they might be able to offer you a 'temporary' temporary position. Most temp agencies have a surplus of drudgework so if they ask you to do some mindless number-crunching and you are looking for a more challenging assignment, feel free to say no. However, holding out indefinitely for the perfect placement isn't a good idea either, advises Jacqu... view article details
Personal Budget Planning Builds Household Wealth To some people, 'budget' is a dirty word. In reality a budget is just a schedule of income and expenses, a way of documenting how much money comes in and how it should sensibly be spent. There's everything to gain from sticking to a budget, but adhering to a budget is difficult for many people because it usually means denying cravings and luxuries beyond reach.Well, after all, that's the point of a budget.What percentage of your income goes to housing every month? What goes to entertainment? Knowing those spending ratios is a valuable tool to ... view article details
Is your paycheck not stretching far enough? Are you considering moving to a new town? Perhaps you're even having trouble finding a job. If so, it may be time to look at one of the cities at the top of Salary.com's Salary Value Index. The compensation experts at Salary.com uncovered the top (and bottom) US cities for building personal net worth, taking into account local salaries, cost of living, and unemployment relative to the national average. This year's list also factored in qualitative measures including diversity of industry, education level of the cities' population, proximity to post s... view article details
Some gentlemen prefer blondes. Some ladies will only date men of a certain height.The laws of attraction differ from person to person, but Salary.com recently surveyed readers to find out if the size of a person's paycheck is a determining factor when men and women are looking for romantic partners.We surveyed nearly 2,000 people regarding the role money plays in romantic relationships, and discovered some revealing information about how men and women view money and attraction.Money Matters More to Women When asked if the number of zeros in your significant other's paycheck mattered, ... view article details
Broadly, the engineer's job is to apply scientific and mathematical principles to solve problems and/or fill human needs. This can range from planning a bridge to sending a person in space to inventing medical instruments. Since an engineer's solution should be fully functional, economical, and compatible for human use, an engineer's job may also consist of testing for these many critical factors.Engineering is a field broken down into specialty areas, including but not limited to: Aerospace engineering, biomedical engineering, chemical engineering, electrical engineering, environmental engine... view article details
Most people think of games as fun entertainment. But searching for a job and getting hired is a game too, and it's one that many people have been playing for far too long in these tough economic times. And one of the big problems is many of the people playing don't know the rules.So says Skip Freeman, author of Headhunter Hiring Secrets: The Rules of the Hiring Game Have Changed...Forever, who is this week's Salary Talk guest. As a professional headhunter himself and president of an executive search firm, Freeman tells Aaron and Wendy the stunning truth: that many people don't know what they'r... view article details
Q. My performance review is coming soon, and I would like to learn more about the do's and don'ts of performance reviews. Any advice would be greatly appreciated.A. The review process is normally broken down into two parts. The first is spent discussing your overall performance during a defined 'performance period.' The second part of the process is how much you will receive based on your performance.I always advise managers that employees should never be surprised by their review. The purpose of a performance review is just that: to review an employee's performance. In other words, your manag... view article details