The pay gap between CEOs and their employees has widened over the past half decade, according to an analysis by Agenda of S&P 500 proxy statements. In 2022, half of all S&P 500 CEOs earned at least $183 for every dollar earned by their company’s typical employee. This value is $16 higher than it was…
Even with unabated economic headwinds and a stunning number of tech layoffs — with an estimated 64,865 affected workers in 2023 so far, according to Layoffs.fyi, in addition to the over 47,000 laid off last year — workers in Silicon Valley’s flagship industry were getting paid handsomely through 2022. The average median salary of 15…
Facebook’s parent company Meta and Google’s parent company Alphabet have collectively laid off thousands of employees till now. However, despite the mass layoffs, the companies were amongst the top three paying companies last year, a new report states. Meta and Alphabet amongst top payers According to a Business Insider report originally attributed to The Wall…
Facebook parent company Meta and Google parent company Alphabet were among the top three highest-paying public companies. Meta ranked second in terms of median salary, offering employees a median wage of nearly $3,00,000 (roughly Rs 2.46 crore), according to a report by the Wall Street Journal. Alphabet followed closely behind at the third spot with…
Given rising layoffs and a stubbornly high inflation rate, you’d think companies would be pinching pennies on worker salaries these days. Yet the opposite is happening, according to a new study. In general, annual compensation (i.e., salary, bonuses, and benefits) rose higher in 2022 than in 2021 at 278 S&P 500 Index companies according to…
The debate over CEO pay is decades long. Boards believe their chief executive officers have skills that cannot be replaced. Shareholders and workers believe that annual compensation, which can go into the tens or hundreds of millions of dollars, can never be justified, mainly if the company’s workers are paid very little. …Based on 2022…
This is the fifth year that U.S. publicly traded companies have to disclose median employee pay. With data from the CompanyIQ® database, this report identifies the 25 highest and lowest median employee pay companies in the S&P 500. The dataset is based on the 451 companies that have reported compensation data for the 2021 compensation…
With a booming economy and a tight job market, median pay rose last year for most S&P 500 companies, according to a Wall Street Journal analysis. Google parent Alphabet Inc. and Facebook’s Meta Platforms Inc. had the highest-paid median workers, at almost $300,000. They were among nearly 150 companies that said their median employee earned…
Wages for the median workers at the majority of big American companies are higher than they were before the pandemic, with the tight job market helping to lift paydays for many bank tellers, factory workers and software programmers. Compensation in 2021 for the median worker at 275 companies in the S&P 500 index was higher…
With 89% of S&P 500 companies reporting CEO compensation for 2021 as of the end of April for the 2022 proxy season, we used the CompanyIQ® executive compensation database to analyze elements of CEO compensation, median employee compensation, and CEO pay ratios. Key findings include: $18.5 M = Average CEO Total Compensation $1.2 M =…