U.S. companies are expected to increase staff salaries in 2023 amid various unfavorable economic conditions, according to the July Salary Budget Planning Report by WTW. They’re budgeting for this under the pressure of low labor supply and the pay expectations of employees coping with a higher cost of living. Between April and May earlier this […]
Category: Uncategorized
Oct 19, 2022
Oct 12, 2022
After increasing by 1.3% in June, the urban Consumer Price Index (CPI) remained unchanged in July on seasonal adjustment, according to a press release by the U.S. Bureau of Labor Statistics (BLS). An indicator of spending patterns for city consumers and workers, the all-item index soared 8.5% over the last 12 months before seasonal adjustment. […]
Aug 17, 2022
The concept of diversity, equity, and inclusion (DE&I) is seeping into the fabric of the modern business. This set of objectives is a key to defining organizations as socially responsible. Here’s how DE&I as executive compensation is revolutionizing corporate culture. DE&I Compared with ESG DE&I incentive programs are built on the long-term pay incentive model […]
Dec 22, 2021
Organizations across all industries will have to raise wages for their lowest-paid workers sooner or later. Competition in the labor market and local, state, or federal mandates will make this pay adjustment necessary, and many employers are already working out strategies to comply ahead of time. However, raising the minimum wage introduces another headache—pay compression. […]
Apr 15, 2021
In the wake of the pandemic disrupting college campuses, California Governor Gavin Newsom has announced an ambitious proposal to allow community college graduates guaranteed admission at certain state colleges. The news that the California governor proposes a dual-admissions pathway for certain students comes at a time when many colleges and universities face extreme financial challenges. […]
Apr 08, 2021
North Dakota, Nevada, Hawaii, and Georgia are among the states eyeing higher education budget cuts in the next fiscal year. These developments come amid revenue declines for North American colleges and universities, especially as states grapple with the economic effects of the COVID-19 pandemic. Not all states plan to decrease funding for their higher learning […]
Aug 06, 2020
The COVID-19 crisis has created a huge impact in the education sector. With classes being canceled and admissions for the next year delayed, colleges are introducing temporary salary savings plans to counter their budget shortfalls in 2020-2021. How KU Is Dealing with the Budget Shortfall The University of Kansas recently announced that its Lawrence and […]
Apr 09, 2020
New report argues that increased teacher compensation can lead to more equitable education in Hawai’i. In February, the Hawai’ian Scholars for Education and Social Justice (HSESJ) released a study investigating educational inequalities affecting Hawai’i’s K-12 public education system. The report, titled “Increased Teacher Compensation Can Lead to More Equitable Education in Hawaiʻi,” uncovered several issues […]
Apr 11, 2019
An AAUP study found minimal gains in faculty salaries. Full-time faculty salaries are about 2% higher this academic year compared to last year, according to data from the American Association of University Professors Faculty Compensation Survey. Even though they salaries have risen by about 2%, after adjusting for 1.9% inflation, they’ve barely budged, says the AAUP […]
Feb 14, 2019
Learn what instructors are making at NC’s most influential colleges and universities. In the state of North Carolina, instructors working at so-called Triangle universities are some of the highest paid in the state. The Triangle refers to top colleges within a select region of NC that place a strong emphasis on research excellence. Curious to […]