From Coke to Macy’s, Pay for Typical Worker Takes Big Swings
By: Wall Street Journal
April 10, 2019
As U.S. companies disclose what they pay typical workers, one thing is clear: A lot can change in a year.
Jefferies Financial Group Inc. almost tripled what it paid its median employee last year. Median pay rose by nearly 60% at Macy’s Inc. and by almost a quarter at biotech Celgene Corp. It fell by two-thirds at Coca-Cola Co. and by more than a quarter at snack-maker Mondelez International Inc.
The reasons for these big swings from 2017 to 2018 varied widely, however. Some reflected dramatic shifts in the company’s workforce. Others came about thanks to new ways of identifying that middle employee. Still others reflect actual changes in what individual workers made.
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