In 2020, the Centers for Disease Control and Prevention (CDC) reported an increase in mental illness among American adults. This was largely due to pandemic-induced problems such as massive job losses, death of loved ones, isolation, safety concerns, and tough economic times. While almost everyone was a victim, healthcare workers suffered the most considering they […]
Category: Executive Compensation
Mar 17, 2022
Feb 17, 2022
Executive compensation refers to remuneration packages specifically designed for C-suite executives, senior management, and business leaders of a company. The package includes both cash and non-monetary benefits. Given these individuals are responsible for formulating policies, strategies, and making important business decisions on behalf of their shareholders, executive compensation aims to motivate CEOs and other executives […]
Sep 09, 2021
Various stakeholders, including students, parents, the public, and the government, persistently demand higher education quality and accountability. To meet these expectations, most universities and colleges use management tools such as mission statements and strategic planning. However, faculty compensation can also help these institutions achieve their mission and satisfy their high expectations. Here’s a look at […]
Aug 11, 2021
A recent National Education Association (NEA) report revealed that faculty compensation in higher education has increased over the past 10 years. While the salary for a full-time professor averaged $90,000 in 2020, there are still significant discrepancies in pay across faculty ranks, with unfair or inadequate compensation impacting the quality of higher education. Here’s a […]
Jun 15, 2021
Also referred to as executive pay, executive compensation comprises the remuneration packages and benefits such as salaries, insurance coverage, and retirement benefits given to executive-level employees. In 2019, the average executive pay in the U.S. was $21.3 million, according to the Economic Policy Institute (EPI). While the figure varies from one company to another, a […]