Mayor Chris Doherty reduced the entire city's payroll to $7.25 an hour, including his own, the Times-Tribune of Scranton reported. Policemen and firefighters are included in those who saw their pay slashed, after the mayor said the city doesn't have enough money to pay its employees their regular rates.Read More
Even with the best-designed programs, companies face challenges in making incentive and merit-pay programs effective in today's economy.
The practices can be time-consuming and arduous to implement, but the time taken to focus on talent management has paid off in ConnectiCare's overall success, an executive says.
The company's board said Case was being rewarded for the financial performance of the commercial insurance brokerage and corporate consultant.Read More
Graduates earning math and science degree received a median salary of $40,939, up 2.5 percent from the previous year. Computer sciences grads' starting salaries rose to $56,383, up 2.4 percent.Read More
The average premium assessment among 32 states that impose the taxes is 4.2 percent. In contrast, New York state employers pay assessments totaling 20.2 percent of their premiums.Read More
The study found that 880,100 New York employees earn less than $8.50 an hour. About 352,000 of those are in New York City, about 40 percent of the state total. In the city, 92 percent of those workers are at least 20 years of age.Read More
A new report suggests that corporate boards of directors are becoming increasingly wary of so-called ‘golden parachute,' that is, change in control severance agreements.
Moving from the showroom to the Internet desk can be a tough transition for a salesperson. Internet car sales require a different skill set from showroom car sales. But if a salesperson succeeds, the payoff is sizable.
For a company paying the federal minimum wage of $7.25 an hour (about $15,000 a year for a full-time worker), what if the total compensation for the CEO was capped at 100 times that? That means a CEO's annual income would be about $1.5 million. As pay goes, that's not peanuts. But it also is a far cry from packages that have ballooned for many execs into the tens and hundreds of millions of dollars. Read More