Salary
The U.S. Department of Labor has announced plans to raise the salary threshold that qualifies white-collar employees for overtime pay. With a notice of proposed rulemaking due in May, HR pros should start preparing now for changes that will probably have to be implemented by the end of the year.
While many savvy employers now offer higher salaries to attract and retain talent, they should still expect pay raise requests ahead for 2023. That’s according to a Robert Half survey of 1,000 U.S. workers and 1,500 hiring managers conducted between June and July 2022.
Nearly two-thirds of employees—62%—plan to ask for a raise this year.
Pay raises are making a comeback. U.S. companies plan to give employees larger raises next year as they recover from the economic fallout from the pandemic and face mounting challenges attracting and retaining employees, according to a new survey by the Willis Towers Watson consulting firm.
When the chance arises to negotiate your compensation package, says Cory Klupfer, entrepreneur and author of Authentic Negotiating, avoid these three pitfalls.
4 steps to getting more.
Few workplace topics are more sensitive than salary. Almost no one thinks they’re being paid enough. Sometimes to get a raise, you have to ask for it. To help you make the request and do it well, Steve Cadigan, former vice president of talent at LinkedIn, now at Cadigan Talent Ventures, offers these tips.
Thinking about your salary objectively may be hard, but it’s worth it, writes Karen Cates of Northwestern University’s Kellogg School of Management. She offers tips on how to approach your decision.
Do you feel like it’s high time you started making more money? Are you trying to build up the confidence to initiate a conversation about your compensation? If so, you may be wondering what to say and how to say it.
Executive assistant, administrative assistant or secretary—whatever the title, you are the ones who keep America’s offices running, even though you’ve taken on more and more work as budgets shrink.
Remove distractions to boost your productivity … Quantify your value … Save your boss time with mobile printing … Connect via LinkedIn groups.
Inject some fitness into your summer by incorporating exercise into your workday … Offer to be the “fresh eyes” for your boss and to sit in on important project meetings … Compose email using this rule.
“Is anyone receiving raises?” That’s what one admin asked recently. “I’ve been told performance reviews will be coming up soon. I want to be prepared. How do you bring it up? How do you know how much to ask for? I’d like to stay in this position, but I’m only making ends meet.”
