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Pay compression: What it is and how to fight it

Insperity

Let’s take a closer look at salary compression as well as how to spot, resolve and prevent it from reoccurring in your company. What is salary, wage or pay compression? Asking for a job seeker’s salary history won’t help much, either, especially if a prospective hire knows they can find a higher paying job elsewhere.

Salary 194
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What Caitlin Clark’s Starting Salary Says About the State of the Gender Wage Gap

Success

But when it came time to receive her first salary as a professional basketball player, many fans—and women across the country in general—were shocked by the amount: $76,535. Glamour wrote, “The math is not mathing” and quoted a Twitter post that said Clark would qualify for low-income housing in San Francisco on that salary.

Salary 98
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How Do You Survive When Your Business Isn’t Profitable at the Start?

Success

But you also need to be prepared for your finances to change dramatically. The good news is that you can make a salary even if your business isn’t profitable. The bad news is that if you don’t have a profitable business to start, you might feel guilty or reckless drawing anything except the smallest salary you can live on.

Finance 111
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The 10 Best Freelance Gigs—And What You Need to Get Started in Each

Success

In a world where people are experiencing increasing levels of workplace burnout —which is fueling a widespread desire to find more work-life balance—freelance careers, sometimes called gig work or consulting, are attracting more and more American workers. workforce and adding $1.27 trillion to the country’s economy.

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Should your company offer a student loan repayment benefit?

Insperity

Households in 2016 – May 2017 from the Federal Reserve, 63 percent of college students ages 18-29 indicated they acquired debt to finance their bachelor’s degree. If you hire two recent graduates and one has student debt and the other doesn’t, will you offer the non-debt-laden employee extra salary? Will it be fair if you don’t?

Payroll 170
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Hiring C-suite executives: 6 essential questions

Insperity

More recently the financial duties typically tied to the CFO have been assigned to a controller, a certified public accountant (CPA) or even a consultant. Larger, established organizations may discover the departure of a CFO is a great time to reconsider the post and its necessity.

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Essential money advice for every stage of life

Work Life

One person who has thought about all these important money questions is personal finance writer Emily Guy Birken. “It’s much easier to make a single decision to set money aside than make repeated decisions about your finances with every pay cycle,” she writes.

Finance 98