Employees of Costco Wholesale Corp. (COST 0.45%) and Home Depot Inc. (HD -0.20%) saw demand for their services swell last year as homebound Americans stocked up on food and remodeled their homes. But Costco’s median worker made 16% less in 2020 than in the previous year while Home Depot’s made 21% more. The divergence doesn’t mean one chain paid better than the other. It reflects…
The Covid-19 crisis wreaked havoc on the global economy, disrupted supply chains and cost millions of people their jobs. But for those who remained employed throughout the pandemic, their salaries remained largely unaffected by the Great Disrupter of 2020. According to The Wall Street Journal, the median pay at more than 30% of companies listed on…
While the Covid-19 pandemic disrupted millions of jobs and most businesses, many workers kept their jobs and their salaries — and some saw pay rise. Median pay changed by 5% or less either way at about a third of S&P 500 companies. It rose by more than 5% at 184 companies, and fell by more than 5% at…
While the Covid-19 pandemic disrupted millions of jobs and most businesses, many workers kept their jobs and their salaries—and some saw pay rise. Median pay changed by 5% or less either way at about a third of S&P 500 companies. It rose by more than 5% at 184 companies, and fell by more than 5% at…
The coronavirus pandemic undoubtedly caused upheaval for millions of workers, with many losing their jobs, while others have seen their work seriously disrupted. Many also, however, saw their roles unscathed by the pandemic, while some even saw pay rises, with a new analysis from The Wall Street Journal highlighting the differences in median pay among S&P 500 companies – the…
As boards delve deeper into human capital oversight, employee engagement data is becoming more pertinent to directors and other senior leaders, sources say. Frequent surveys on specific engagement problem areas have replaced long, drawn-out annual employee surveys, and human resources leaders are reporting the findings up to the board as they monitor issues such as…
Mentions of diversity are featuring prominently in companies’ human capital disclosures this proxy season; however, most companies are staying mum on the numbers. An analysis of 10-Ks filed by big companies by mid-April shows that only about a third disclosed any workplace demographic data on race and ethnicity. Fewer still broke the data out into…
CNN’s Kyung Lah takes a closer look at grocery store chains in California that say they have to close after being forced to give “hero pay” wages to employees.
Kaycee Lai spent years in Silicon Valley trying to avoid calling attention to his ethnic identity. Early in his career, if he left work to get bubble tea, a Taiwanese drink, he’d tell his white colleagues he was getting coffee. When co-workers made comments about his race—such as suggesting that, as an Asian male, he…
The U.S. Securities and Exchange Commission (SEC) has long required public corporations to disclose the compensation of their top officers. The debate about whether chief executive officers are paid too much has gone on for decades. Many investors object to high CEO pay, which often runs into the tens of millions of dollars. Boards of…