Q: I was offered a 'promotion' from receptionist/office clerk to administrative assistant/office manager of a new venture in a different office. I inadvertently found out that the person they hired to replace me as receptionist/office clerk started at the same wage as I am currently making. I might add that this move/promotion was a lateral move in that no additional pay or bonuses were involved, even though the position requires much more of me as well as a little further commute to the office and full responsibility for starting up and stocking the new office space. What, if anything, should... view article details

Q. Our company has filed under Chapter 11 with no financial backing. The company is being sold. Our accounts payable supervisor got another offer and put in her notice, but the company countered with a pay-to-stay package. She gets six months of severance pay with three months up front.I am very angry, since I was committed to working until the end after taking a 10 percent cut in pay with hopes of staying on with whoever buys us. How do I confront the CEO who offered her this package to get the same deal? Currently we have no severance package.A. Companies can offer employees incentives to st... view article details

Q: Are verbal agreements legally binding? I was recruited by my current employer through a management recruiting firm for a lateral position. The recruitment came with a verbal agreement that I would move into my supervisor's position in two to three years, after he moved back to the division headquarters. Now that he's moving back, the new plant manager has decided not to honor that agreement and the HR manager tells me no one is guaranteed a promotion.A: I'm not a lawyer - and I don't play one on TV - but I never take verbal agreements seriously. If your supervisor planned to move you into a... view article details

'Bonds come in many shapes and sizes. Those issued by the government include T-bills, Treasury notes and Treasury bonds. Municipal bonds are issued by a city, county, state, school, or park district for constructing roads, bridges, schools, libraries, airports, and so on.'    Now that the roaring bull that was the stock market has been put out to pasture, let us turn our attention to bonds and bond mutual funds. With investors accepting the sad reality that stock values can drop as fast as they may rise, bonds beckon as a lower-risk alternative - albeit one with a less exciting growth potentia... view article details

Q: Assuming employees are meeting the requirements of their position, what are the new standards of annual salary increases (percentage-wise)? Also, what happens to long-term employees who are earning beyond the position's salary range, because they steadily received 4 percent increases and are now almost 'overpaid'? Do they stop getting raises?A: Each year, salary survey companies ask employers to tell them how much their merit budgets will be for the upcoming year. Most companies don't know what their merit budgets will be until sometime in the fall. Then they report those merit budgets to t... view article details

The New Media Age has introduced many unique job opportunities to the market. People can now get paid for their design ideas on Pinterest, they can develop a steady income stream by promoting products on Instagram or personal blogs, and they can even cash in from buying and selling digital assets known as cryptocurrency. One Internet Age job that sounds particularly fun is getting paid to record yourself doing the things you love. This dream job is a reality for many YouTube stars. YouTube sensations including Felix Kjellberg, Mark Fischbach, Evan Fong, and Daniel Middleton record their reacti... view article details

Q. I relocated by choice. When I relocated, I couldn't keep the same position with my company. Now the company has offered me a position comparable to the one I left behind, but at the pay rate I was at before my position changed. What boundaries does my company have to adhere to, and should they calculate a cost-of-living increase? My immediate supervisor told me the cost of living was lower here than where I moved from. But after doing a little research I found that the cost of living is significantly higher where I am now.A. Since this was a voluntary move, the company is under no obligatio... view article details

Do you have a copy of your job description at your desk? Have you ever seen your job description? Does it accurately reflect what is expected of you?Job descriptions play a vital role in your compensation, because employers decide what to pay people based on the value of specific skills. Add up the list of responsibilities in your job description, and you should get the totality of your expected contribution in both qualitative and quantitative terms. Without a written job description, you and your employer cannot accurately measure your worth on the job.A job decription should state the overa... view article details

Q. I was hired four years ago as a desktop technician for a Fortune 500 company. Since then I have skyrocketed up in the company, and I have been getting spot bonuses (of $1,200) and salary increases of about 9 percent a year.However, since I was hired as a desktop tech and was given a competitive salary for that field, I've since become a major software/Web developer for the company. For the past two years I have been doing client/server development, but for the salary of a highly paid desktop tech, which is much lower.My manager just walked into my office and told me I was now classified as ... view article details

Q: I was hired by a software company at an entry-level sales position. I have a four-year degree and sales experience.I was brought on board at a salary of $27,000 per year, plus a monthly bonus. After my first week on the job, I was moved from an inside sales position to a regional sales manager position with no increase in pay.I've been in this position for three months, and I have had to learn everything on the fly. I've maintained my territory with flying colors, and have increased sales from last year's numbers. Coworkers have told me the man I replaced was making $73,000, with no four-ye... view article details