Bonus programs reflect a company's definition of success, how that definition is measured, and the extent to which that measure is met. Bonuses are similar from company to company. The reason is that most companies subscribe to a pay-for-performance philosophy whereby bonuses are tied to two important measures: how well you are doing with respect to your manager's expectations; and how well your company is doing with respect to its expectations. Individual and group performance goals are hard to set, because they should be neither too ambitious nor too easy to achieve. It is best for employe... view article details
Job seekers now have the upper hand when looking for a new job. The economy is good, the stock market is healthy, and according to the Bureau of Labor Statistics there are currently 6.7 million jobs to fill in the U.S. compared to only 6.35 million unemployed people. This is the first time ever recorded in which the U.S. has more available jobs than it has people looking to fill them. In this employment landscape, it’s unsurprising certain industries are having a hard time attracting workers. Jobs that are physically strenuous, or have a reputation of being mentally exhausting, are not attract... view article details
Descriptions of job titles appear in a variety of forms in the workplace. Recruitment ads, compensation surveys and other benchmarking tools, as well as corporate or departmental development plans all use some method of describing a job. The brief descriptions of highlighted positions that are seen in compensation surveys and other benchmarking tools are called job descriptors. These outline the major responsibilities associated with the position that can be applied universally. These are therefore sometimes standardized. While they may contain details like exemption status or job location, t... view article details
'Stock mutual funds can be geared toward an investor's risk threshold. The more conservative investor would focus on lower-risk balanced funds that usually are composed of high-dividend-yielding stocks and bonds.' Anyone who's shopped for a mutual fund knows finding the right one can be harder than locating that proverbial needle in a haystack. There are so many to choose from. Remarkably, people seem to navigate the selection process somehow, because statistics show that most stocks held by the average American are purchased by way of a mutual fund. Mutual funds do the work for you'Certainly ... view article details
Leading up to Salary Negotiation Week, we surveyed more than 1,000 people on several different topics related to salary negotiation. We had readers answer some questions regarding their experiences asking for raises, and what they're afraid of when it comes to negotiating salary. Here is input from an actual Salary.com reader, and our subsequent advice.Job Title: Director of CreativeCity: DurangoState: COCurrent Salary: $48,000Last Raise: 10/2011Company Size: 50What is motivating you to ask for a raise? I negotiated my starting salary but have not asked for a raise since. I have proven results... view article details
Non-salary Job Interview Questions That No One Else is Asking Think Beyond Salary When you’re sitting in the hotseat of an interview, it’s natural to think about the immediate here and now: How do I answer all these questions, land this job, and negotiate the highest salary? Salary.com has plenty of resources to help you out. But at some point, the interviewer is going to finish grilling you, turn the tables, and ask, “So, do you have any questions?” Asking good questions is important for several reasons: It shows you’ve prepared for the interview and truly care about the position. It ... view article details
FAQ: The 8 Hottest Salary Negotiation Questions Salary negotiation can be a complicated, confusing, confidence-rattling experience. There are lots of questions to be answered, and in nearly every situation, part of the answer is “it depends” -- on number of years in the workplace, what the salary level is, what the job and industry are, and how much leverage you have.Given that background, let’s look at eight quick-hit questions that might be on your mind.8. "How much is too much?" Q: When asking for a higher salary, how much higher is generally reasonable? $10,000? $15,000? ... view article details
A collection of degrees and a host of credentials is all well and good, but if you don't have the right attitude at work you'll likely be shown the door. And that's a costly outcome for both employee and employer.Mark Murphy is the author of 'Hiring for Attitude: A Revolutionary Approach to Recruiting & Selecting People with Both Tremendous Skill & Superb Attitude.' He's also this week's guest on Salary Talk, and tells Aaron and Wendy the hard truth about the way companies hire employees today -- that most of the standard approaches to hiring are wrong.Past employment at Fortune 500 companies ... view article details
Q. I had five years of experience as financial accountant in private industry in the United States before moving to Hong Kong last year. My annual earnings as a manager were US$43,000. The staff accountant job I hold in Hong Kong equates to US$28,000. Besides the job title, the salary difference is also because of the different living standard, tax rates, and salary trends between the United States and Hong Kong. After taking these considerations into account, I estimate my salary in Hong Kong to be equal to US$40K.Now I am returning to the United States and my low salary looks awkward on my r... view article details
Q. I never know what to say when the interviewer says, 'Tell me about yourself' or asks, 'Do you have any questions for me?' Most of the time I don't, because the interviewer has given a good description.Then there's 'What are your salary requirements?' I know you should not discuss pay, but how do you get around it without sounding really bad?A. To get a good idea of the job you are interviewing for, ask what expectations and objectives the supervisor or manager has in mind. You may also want to know the scope of responsibility of the job, and whom are you expected to interact with to get the... view article details