CEO pay hikes at S&P 500 companies slowed in 2022
Pay disparity between chief executives and rank-and-file workers, which has been widening for years, narrowed only slightly.
Compensation
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NCAA tax records show ex-president Emmert paid nearly $3.3M in 2021
Overall, NCAA revenue increased 10% in the 2021-22 fiscal year, while its expenses rose 16%.
Governor, other top elected officials see large pay raises in budget
Under the addition, the state governor’s salary would be equal to that of an Indiana Supreme Court Justice—starting with Gov. Eric Holcomb’s successor, who would see a salary increase of 48%.
Men’s college basketball players making twice as much as women
The pay difference comes mainly from money flowing from so-called NIL collectives. Excluding the money from collectives, male and female basketball players made roughly the same amount of money from NIL deals.
Stellantis announces profit-sharing bonuses, increased earnings
Stellantis employs about 7,000 people at plants in Kokomo and Tipton in Indiana.
Companies skirt overtime pay with dubious management titles
The practice, often deployed by retail and restaurant companies, takes advantage of the Fair Labor Standards Act, which exempts firms from paying overtime wages if the employee is a manager and gets paid a salary above a certain threshold.
Workers have high hopes for pay hikes next year—perhaps too high
While the labor market remains tight, evidenced by last month’s better-than-expected increases in both jobs and wages, employers are gaining back some leverage just in time for the tough conversations between bosses and employees to begin.
Study: Incentives can lead employees to cheat or lie at work
Leaders usually deploy incentives with the aim of boosting their organization’s performance, but the focus on rewards can “open you up to overlooking other important values,” the lead author of the study said.
Salary transparency laws aim to combat pay disparities
Salary transparency laws are being adopted by a small but growing number of cities and states across the country in an effort to address pay disparities for women and people of color.
Purdue trustees approve new president’s contract, Daniels’ at-risk pay
Additionally, Purdue University said most students on the West Lafayette campus will not see an increase in room and board rates for the 2023-2024 academic year.
Carmel Mayor Brainard gets 5.99% pay raise for final year in office
The Carmel City Council on Monday night voted to approve the salary increase for Mayor Jim Brainard and for City Court Judge Brian Poindexter, Clerk Sue Wolfgang and the city council.
Amazon to raise average hourly pay by $1 to $19 in October
Beginning in October, warehouse and transportation workers would earn between $16 and $26 an hour, depending on their position and location in the U.S.
More companies than ever are sharing how much jobs pay
Even in places where it’s not required, employers have started listing pay information on job ads as candidates and employees demand transparency in the name of fairness.
Government workers feel inflation’s pinch as wages lag
Government workers—teachers, firefighters, sanitation workers, bus drivers, city government employees—who make up more than 15% of the U.S. workforce, have seen their wages lag significantly behind those employed by private industry over the past year.
Pilots in line for big raises amid global travel disruptions
The largest pilots union has approved a contract that would boost the pay of pilots at United Airlines by more than 14% over the next 18 months, potentially clearing the way for similar wage hikes throughout the industry.
City-County Council votes to nearly triple members’ pay
The Indianapolis City-County Council will get a pay hike for the first time in more than two decades, after it voted Monday night along party lines to increase compensation starting in 2024.
U.S. wage increases show signs of peaking in welcome sign for Federal Reserve
After handing out hefty salary increases over the past year, companies are now becoming more cautious with their cash over concern further big payouts will eat into profits, according to staffing companies, business owners and recent surveys.
Pay for CEOs at big public companies rose 17% in 2021 as profits soared
Last year’s leap for median pay of S&P 500 CEOs was the biggest since a 23.9% surge for 2010 compensation packages, according to the data analyzed by Equilar.
U.S. Soccer equalizes pay for women, men in milestone agreement
The federation announced separate collective bargaining agreements through December 2028 with the unions for both national teams on Wednesday, ending years of often acrimonious negotiations.
NIL expert predicts $50,000 minimum pay for Power 5 players
The increasing dollar amounts available to college athletes through the recent formation of collectives has drawn the attention of the NCAA, which this week released guidance for schools in the hopes of maintaining the original intent of NIL compensation.