Showing 85-96 of 176 Results
Business Insider
New Hires are Getting Salary Raises After Just Weeks on the Job as Companies Give in to Cost-of-Living-Based Pay Increases, Report Says
Pearl Meyer, a compensation consultancy, found that 70% of organizations had implemented larger salary increases this year compared to 2021.
Business Insider
Internal Surveys Suggest Big Tech Workers Were Becoming Increasingly Miserable with Their Compensation and Jobs Even Before the Market Downturn
The past two years have been a ‘seller's market’ for employees, but there has also been salary compression where new hires come in at higher salaries than pre-pandemic hires, leaving some employees feeling left behind,” said Robert James, managing director, Pearl Meyer.
Agenda
Board Leaders See Pay Hikes
“Some boards may buck the trend of coalescing around median pay and start leading on director compensation to remain competitive in attracting new directors and retaining those who might be eyeing the door,” said Ryan Hourihan, managing director, Pearl Meyer.
SHRM
US Inflation Rate Reaches 8.6% in May, a 40-Year High, Pushing Wages Up
"It is very unusual to see so many companies planning a second round of [salary] adjustments," said Rebecca Toman, vice president of the survey business unit at Pearl Meyer.
Wall Street Journal
Bosses Offer Midyear Raises to Retain Employees as Inflation Takes Toll
"Companies are being really thoughtful and targeted, and the high-performers are going to be the ones who see the [salary] increases first,” said Rebecca Toman, vice president of Pearl Meyer’s survey business.
CNBC
More Pay Raises Are on the Way for Many Workers This Year
“More money is coming [for employees], but we are seeing a more thoughtful, strategic approach in providing these mid-year salary increases,” said Rebecca Toman, vice president of the survey business unit at Pearl Meyer.
Agenda
Pay Proposals More Likely to Get Commission OK
“If you have an incentive plan that the entire management organization views as completely unachievable, it is no longer an incentive plan,” said Jan Koors, senior managing director and head of consulting services for Pearl Meyer. “It becomes a disincentive plan, and that’s not in the shareholders’ best interest.”
Business Insider
Tech Giants are Using Their Stock as a "Weapon" to Pile Pressure on Smaller Rivals
“In addition to granting more stock, companies are doing it more frequently and granting it to more people within the organization,” said Aalap Shah, a managing director at Pearl Meyer.
Financial Planning
These 10 Wealth Managers Paid Their CEOs an Average of $27M in 2021
“As compensation consultants, we—and our clients—typically look at executive pay is to ensure that we are paying competitively for the CEO position to ensure that the organization is meeting its business goals and thereby driving shareholder value creation,” said Ed Steinhoff, a managing director with Pearl Meyer.
North Bay Business Journal
Three Ways to Make the Workplace More Fair and Equitable
In effect from this employee location shift, employers were surveyed to assess whether compensation would be adjusted. According to Pearl Meyer’s report, 4.3 percent of companies surveyed said they would reduce employee cash compensation if they moved to a lower-cost geographic area, while 56.5 percent said they would not.
Corporate Compliance Insights
In an Era of Heightened Transparency, Boards Must Bolster Compliance
“Compensation strategies are facing greater scrutiny, not only as a social issue (the S in ESG) but also as companies struggle with a labor shortage. In a 2021 Pearl Meyer survey, nearly half of respondents (47%) had experienced higher than usual employee turnover,” Corporate Compliance Insights reported.
Workspan Daily
Cost of Labor, Not Living, Driving Wage Increases
“Human capital is essential for companies to execute their strategies and if they have shortages or an underqualified workforce, it creates risk for them,” said Bill Dixon, managing director.