Dear Savvy,
With the economy the way it is, what's the average pay cut people are being forced to take after their position is eliminated and they need a job? And what is the best way to handle an employer asking what salary you are looking for in this kind of economy?
See my answer when you .
on Yahoo! |
Human Resources departments are dominated by women 70 percent of the time, yet men in the field dominate when it comes to salary. The pay gap between male and female HR executives trickles down to every level of the department: In 2007, the median salary for male HR managers was 47 percent more than female paychecks, while male rank-and-file employees took home 28 percent more than their female counterparts.
One HR consultant assumes the gap could be blamed at least partially on the fact that many men in HR were executives at other firms who were recruited to their roles and enticed with the hefty compensation they were already earning.
on Yahoo! |
Performance reviews aren't all about the money, but for an employee's bottom line, they are. Companies have been making big decisions this quarter based on the poor performance of the past year and the uncertainty they face going in to 2009. With big companies laying off by the thousands (in the last week we saw Yahoo and Goldman Sachs cut ten percent of their massive workforces) and many smaller companies instilling temporary hiring freezes, we can be fairly certain that 2008 raises will be, at most, unremarkable.
on Yahoo! |
Despite speculation that salaries in 2010 may be lower than 2000, next year's paycheck is probably safe. That is according to a recent study that shows that employers don't expect to make major changes to next year's salary budgets.
So how are our checks safe despite the dangerous economic climate and tightening of corporate budgets?
on Yahoo! |
Temperatures have begun to drop in many parts of the US, which usually means more hours spent indoors. Here is something that keeps me busy when I'm bored: a cost-of-living calculator. There are plenty of variations online, but I like the calculator on CNN Money best.
on Yahoo! |
Unemployment has been an unfortunate effect of the credit crisis, and even those of us who haven't lost our jobs may see the state of the economy reflected in our paychecks. It's estimated that median household income may be more than 5 percent lower in 2010 than it was ten years earlier, giving way to an income slump that the US hasn't seen in a very long time.
According to the Census Bureau, today's $50,600 median pay is already a little lower than it was in 2000 when the pay was $50,400.
on Yahoo! |
So much of our lives revolve around work that the office has become one of the most common settings for TV sitcoms. Whether or not the characters are relatable, we can relate to what it's like to work, and sometimes the scenarios are eerily familiar. The actors get paid much more than their TV counterparts, but let's see if you can guess what they'd really make with their titles on television.
on Yahoo! |
People may be more willing to talk about money matters than before we were reading dooms-day headlines every morning, but I'm wondering if some things are still off limits. Personal finances and friends can be a tricky mix and there are often unspoken boundaries around what's sharing material and what is private. Do your friends know how much money you make, and vice versa?
on Yahoo! |
Most of you have jobs related to your college majors, but have you wondered what your old major mates might be up to? PayScale put together a list of some of the most popular majors along with the most popular jobs and median salary for each. Their list includes the ten most popular jobs for each major, but you can find the two highest paying jobs for the majors they provided listed below.
on Yahoo! |
Big companies have been making even bigger headlines these days, and all the recent economic drama has encouraged greater scrutiny regarding how much the CEOs of these companies are taking home.
Six figures would be nice for most individuals, but these executives have been taking home as much as nine figures! Can you guess how much some CEOs have made including base salary, stock, and bonuses?
on Yahoo! |
Enter your email below:
|
