Most of us have heard of the strategic petroleum reserve. This national stockpile generally contains about 700 million barrels of oil, some of which can be sold off if the commercial supply is disrupted. The strategic reserve helps ward off extreme price spikes and acute shortages. But the United States isn't the only country hoarding valuable resources and petroleum isn't the only substance being squirreled away for a rainy day. Let's just say that if China and Canada got together, they could serve one seriously epic breakfast.So let's take a brief tour of some of the world's most intriguing ... view article details

Q: I am an HR professional who has had difficulty persuading managers to accept the HR team's job matching to salary surveys. How would you recommend I proceed to get them to buy into the results?A: For companies that have difficulty getting managers to buy into the process of job matching, it can be helpful to start by providing them with data. Ask your colleagues in the employment department how many offers of employment are rejected based on what your company can offer. And then find out how many employees leave the company for more money and/or better career opportunities. Then, armed with... view article details

Q:  My title is Senior Web Editor at a growing Internet company in New Jersey. With a nearly exact match in responsibilities as indicated for this position in your Salary Wizard, my total compensation falls short of the median by $25,000. I have presented this information to my bosses who assured me they cannot match the Salary Wizard figures and told me I can go elsewhere if I need more money. But my question is, where are these places that are paying $75,000 for my skills? Nobody who I have spoken to in the industry is being paid that well. Are these the companies that are now out of busines... view article details

Or maybe there’s an old boss that you really clicked with that you can reconnect with again. And if you’re really in-demand, companies will start coming after you.In your 30s you’re going to want to look at every part of the package:Make sure your salary is at the top of the rangeHealth benefits become more important, especially if you’re married with kidsPay attention to job title here… it can set you up for success down the lineBonuses can really spike your annual income and add to the bottom lineCLICK TO RETURN TO THE ORIGINAL ARTICLEHow much are you worth?Personal Salary ReportSearch US Sa... view article details

Q: Do I have a right to view the compensation band for my title?I've just been promoted to MIS manager and I know my new base salary is $22,300 less than the minimum starting salary for my title. Online market surveys support this claim. I can't admit that I have seen the comp band for my title because it would aversely affect the person who showed me.My boss refuses to discuss my salary, except to say I don't have enough experience and he doesn't expect as much from me as others with my title. What are your thoughts?A: I'm not an attorney, but I don’t know of any law that requires a company t... view article details

Q. Would you discuss the risks of promoting a deserving employee (title change) but not increasing salary due to current economic conditions?A. A promotion is when an employee is moved into a job with greater scope and responsibility than his or her current job. Promotions in and of themselves do not mean a monetary increase in salary. But in general, companies adjust salaries with promotions when the monetary value of the new job is higher than the value of the job the incumbent currently holds.It is understandable that a company might not be able to afford to offer an employee more money in ... view article details

Compensation SurveysPaying people fairly is good for business. Underpay, and employees will eventually look for a better offer. Overpay, and the payroll budget and profitability will suffer. That's why companies use market data to research the value of their jobs. But what is 'market data' anyway?To determine the prevailing rate for a job, companies can 'benchmark' jobs against compensation surveys that are detailed and specific to the companies' industries and regions. A good compensation survey uses standard, proven methods of data gathering and statistical analysis to determine how much com... view article details

Firefighter Ranked #1It turns out that making a lot of money doesn't necessarily make you sexy. In a recent poll conducted by Salary.com, firefighter hosed down the competition and won the title of 'sexiest job' with 16% of the nearly 5,000 votes. These brave, uniformed public servants lit it up over other high paying jobs like doctor, lawyer, and Chief Executive Officer. Take it from the wife of a firefighter: 'How could you not find it sexy when a person is willing to risk his life for another's; literally walk through fire? You can't put a price tag on that. It is not just a job to them, bu... view article details

As pay equity becomes an increasingly pertinent topic in HR circles and American culture at large, pay transparency has received particular attention as a way to help eliminate the gender and racial wage pay gaps. In the U.S., aside from federal laws pertaining more broadly equal pay, pay transparency statutes differ by state and are relatively underdeveloped. Since pay transparency is still uncommon in American jurisprudence, folks may be surprised to learn about pay transparency trends overseas. Here are four initiatives occurring in some of the most affluent countries in the world: Norway, ... view article details

Who has the time, interest, or confidence to pick and track individual stocks (unless, of course, it's what you do for a living)? For those of us who don't, there are index funds. Every self-help guide on investing champions index funds as the safest gateway into the stock market. As portfolios of securities, indices are designed to match the performance of the market as a whole. They are essentially mutual funds that track the market, allowing even the least savvy investor to benefit from an expanding economy in a hands-off, lower-risk way. Most people have heard of the more famous indices su... view article details