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

In 1982, the Village Voice started the trend of offering domestic-partner benefits, or benefits an employer voluntarily decides to offer to an employee's unmarried partner of the same or opposite sex, to its employees. The cities of Berkeley and West Hollywood, Calif., followed suit in 1985. And since then, about 3,500 employers - including nearly one-fifth of Fortune 500 companies - have offered domestic-partner benefits, according to Kim Mills, education director for the Human Rights Campaign, a national gay and lesbian political organization.'[The trend] really took off in the IT sector in ... 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

If you're short on cash but keen to build an investment portfolio, you may want to consider a DRIP. Shorthand for Dividend Reinvestment Plans, DRIPs allow individual shareholders to bypass brokers and make stock transactions directly with certain publicly traded corporations. The beauty of DRIPs is that they offer us all a way to get into the market - even on $50 a month. More than 1,000 corporations offer Dividend Reinvestment Plans, from blue-chip companies like IBM, Chevron, and McDonald's, to overseas firms such as British Telecom, Elf Aquitaine, and Sony. To get yourself started on one, c... view article details

 If you're serious about buying a house anytime soon, do not underestimate the importance your income and job stability will have on the whole process. For starters, you may want to rule out changing careers unless you're guaranteed to step well up the income ladder. Major career revisions are best left until after you've passed Go with a lender and settled into the new home.In some cases, a recent job change could even jettison your chances of getting approved for a loan. For example, if you rely on commissions to bolster take-home pay, you could lose much from a career change. One mortgage s... view article details

Not sure how much to contribute to your retirement plan every month? That's easy: Put in as much as you possibly can without leaving yourself stuck. Investment limitsEvery year the IRS puts a limit on how much pretax income you can contribute to your retirement plan. For the year 2005 the maximum is $14,000. This is quite a nice equalizer that prevents bigwig executives from feathering their nests much more than the mail clerk. If you want to contribute more, you can, but it'll have to come from income you've already paid tax on. Though once in there, the extra money can earn tax deferred unti... view article details

Be an Ant, Not a Grasshopper  How to Invest in a 401(k) or Other Retirement Plan   How to Roll Over Your Retirement Accounts       How to Roll Over Your Retirement Accounts  What happens to your retirement accounts if you change jobs? First of all, it's your money and no one can take it from you. Initially your best option is to do nothing and leave your 401(k) or other retirement money where it is. Then, after you've made more concrete plans, you can act accordingly.If you find another job with a company 401(k), just roll the money over into the new plan. But be careful how you do this. Make ... view article details

Employees versus independent contractors. Sometimes it's difficult to know what camp you fall into as a worker. But when you consider health benefits, compensation and tax purposes, knowing the differences between the two is an absolute necessity. But what exactly are the differences between employee status and being an independent contractor? Our salary expert, Jack Chapman, has your answers.Question: When am I considered an employee and when am I an independent contractor?Answer: You’re an independent contractor when you have services you sell to a company. The biggest difference concerns wh... view article details

It Starts with the CEO 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... view article details

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