Q. I keep hearing and seeing salary surveys that say I should be making about $10,000 to $20,000 more than I am currently making, but I find it very hard to compare when you take in all the factors of cost of living, profit sharing, medical benefits, and working environment. Is the grass greener elsewhere?A. Companies normally focus on the total rewards package they deliver to employees rather than on base pay alone. Total rewards include compensation, benefits, and work/life balance programs such as flex time and telecommuting.The average merit budget for most companies hovers around 4 percen... view article details
Cash compensation comes in two forms: base salary and variable pay. As the term implies, cash is any type of compensation paid in the form of a bank check or direct deposit into your bank account. But what does cash compensation for doing your job really mean? Base Salary Base salary is a cash payment from the employer in exchange for your performance of your job. For most role, base salary makes-up the largest proportion, about 85% on average, of an employee’s total cash compensation. Base salary represents a fixed cost to the company, and the total cost of all employee’s base salaries are of... view article details
Cash compensation comes in two forms: base salary and variable pay. As the term implies, cash is any type of compensation paid in the form of a bank check or direct deposit into your bank account. But what does cash compensation for doing your job really mean? Base Salary Base salary is a cash payment from the employer in exchange for your performance of your job. For most role, base salary makes-up the largest proportion, about 85% on average, of an employee’s total cash compensation. Base salary represents a fixed cost to the company, and the total cost of all employee’s base salaries are of... view article details
Just like an interview, a job offer can tell you a great deal about a potential employer. An offer can reveal how serious the employer is about the offer, how valuable you are to the company, and most importantly, whether you should make the move.You'd be wise to think over an offer carefully and negotiate if necessary. Your goal is to make sure the compensation and benefits in your job offer exceed or at least meet your current status.Jobs are customarily offered over the telephone or in person. The employer should offer more than just, 'Congratulations, you've got the job.' He or she should ... view article details
It's mom appreciation time Of course there's no putting a value on the myriad responsibilities in a mom's day. Between all the listening, teaching, cleaning, cooking, driving, fixing, loving and lecturing she does on any given day, every mom is absolutely priceless.That said, it is nice to know one's worth, and we're not talking in messy kisses, macaroni necklaces, dandelion bouquets or Popsicle stick frames. We're talking in cold, hard cash.You might be surprised at what moms would be making if they received a paycheck every week.For all you do, this survey's for you At Sala... view article details
Thanks to Technology, Many Jobs Will Be Fully Automated in the Near Future Going, Going, Gone You know all those movies where the robots become sentient and start to rise up against humans? Well, turns out it might not be as much hyperbole as we originally thought. Technology is advancing at lightning speed, and if it strikes people in certain professions there's a pretty good chance they could be out of a job. If you work in a profession that lends itself to potential automation, the possibility of machines doing your job faster and cheaper is a real threat. But could robots, machines, and... view article details
Feeling at Ease with Negotiating Here’s a test. Over the past year, what has been the typical response when you ask people “How’ve you been?” My guess is that very few answer, “Actually, I’ve been incredibly relaxed, calm, and productive.” Most likely they say, “I’m so busy!” “Things have been so crazy!” “I’m so swamped at work!” “I’m exhausted and busy and crazy!” I could go on.So when the end of the year rolls around, it seems that is the time that people finally set aside time to be with family, unplug from the working world, relax and recover. But what if you could feel more relax... view article details
Q: My company recently decided to eliminate company cars as a perk for any employee. Since they have always maintained that the benefit was "part of my compensation," I want to ask for a comparable amount of salary increase as a replacement for the loss. I've done a substantial amount of research and cannot find any good rules of thumb for determining the value of a company car benefit. How likely am I to get them to simply cover the cost of my monthly car payment on the replacement vehicle? Any ideas on the value of such a benefit? A: You may not be able to receive the monetary value of your... view article details
Let’s get a few things straight from the start:My kids (ages 18, 16, 7) are the most important thing, along with my wife, in my life. I love them so much it hurtsI work damn hard to make a lot of moneyI really don't care what anyone else thinksIt has taken me decades to understand the importance of #3As 21st century fathers we are in a double bind. We are suppose to be providers, making tons of money, and yet at the same time be hands-on dads. If feminism was born out of the desire of women to leave home and be treated equally in the workplace, giving rise to the Super Woman phenomenon in whic... 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