Salary Trends

Hawaii and California Top States Where People Are Likely to Live Paycheck to Paycheck

New study finds that residents in some states with the highest income levels actually have the lowest portion of their paychecks left over after bills and regular expenses. Hawaii is the state where Americans are most likely to live paycheck to paycheck, whereas residents of Minnesota are least likely, according to a new ranking released today by leading personal finance website GOBankingRates.com.

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How to Negotiate your Salary Like a Pro

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Over the last few years, the economy forced many to accept whatever job and salary they were offered in order to make ends meet.  As the economy continues to improve, new opportunities will be available.  Knowing how to negotiate your salary is key to your future success. Top companies are often prepared to negotiate competitive starting salaries to attract top talent, however, some companies are bound by policy or financial limitations.  The following tips will help you successfully negotiate the salary you deserve.

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GoDaddy Releases Gender Salary Data

GoDaddy Inc., the world’s largest technology provider dedicated to small businesses, is revealing its first-ever company-wide salary analysis as part of its push to address gender diversity in the technology industry. The benchmark report delivers on a commitment made at this past summer’s White House Demo Day. Over the summer, GoDaddy conducted an audit of internal salary data, which analyzed like-for-like roles and compared how men and women were placed in the salary band for comparable roles. GoDaddy sets its salary bands by role and level based on industry-standard data, and on average takes a market-leading position, which puts GoDaddy’s median salary generally higher than those in the industry. 

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New PA Salary Data Demonstrates Strong and Consistent Growth in the PA Profession

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Data Provides Powerful Tools for PAs, Employers and Lawmakers to Shape Future of Healthcare Compensation for America’s physician assistants (PAs), recognized as one of the top professions in the country, continues to rise, according to new data released today from the 2015 American Academy of Physician Assistants (AAPA) Salary Survey. The median base salary for a PA in 2014 rose to $93,800 a year, a $3,800 increase from 2012. The survey found that in addition to salary, more than half (54%) of all PAs received monetary bonuses and more than 75 percent of PAs receive some other form of additional compensation, such as research stipends, profit sharing, student loan repayment, paid relocation, tuition reimbursement or signing bonuses.

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Average Starting Salaries for Legal Jobs Projected to Rise 3.1 Percent in 2016

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Starting salaries for legal professionals in the United States are expected to increase 3.1 percent overall in 2016, according to the just-released Robert Half Legal 2016 Salary Guide. Law firm attorneys with four-plus years of professional experience should see greater-than-average salary gains. Among legal specialists, compliance directors are expected to see the largest gains in annual base compensation. Robert Half Legal is a legal staffing and consulting solutions firm specializing in attorneys, paralegals and other highly skilled legal professionals. The company’s annual Salary Guide is based on extensive research, as well as local and national employment data gathered from Robert Half Legal offices throughout North America.

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Employees Confident About Paycheck Accuracy

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Eighty-eight percent of employees are confident their paycheck is accurate, according to the 2015 “Getting Paid In America” survey recently conducted by the American Payroll Association. The “Getting Paid In America” survey by the APA asked “How certain are you that your payroll withholding and the net amount of your paycheck are correct each payday?”  In response, 88 percent of survey participants said they are very certain or certain their paycheck is correct each payday.

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4.1 Percent Increase in Average Starting Salaries Predicted for Professional Roles in 2016

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New Salary Guides Show Salary Ranges, Hiring Trends for More Than 750 Occupations The 2016 Salary Guides from Robert Half reveal U.S. starting salaries for professional occupations are expected to increase an average of 4.1 percent next year. Among the five fields tracked, the technology sector is projected to see the greatest pay gains, with base salaries rising an average of 5.3 percent. Accounting and finance roles followed, with anticipated average compensation increases of 4.7 percent. The creative and administrative professions each registered projected starting salary gains of 3.8 percent, followed by the legal field, with average base pay expected to rise 3.1 percent in 2016.

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U.S. Organizations Report Highest Compensation Spend in 39 Years

Variable Pay Drives Record Spending; Companies Controlling Fixed Costs Research from Aon Hewitt, the global talent, retirement and health solutions business of Aon plc, shows total compensation and spending for U.S. employees  reached a record high of 15.8 percent in 2015, with the majority of funds allocated toward variable pay, such as incentives, bonuses and cash awards. According to Aon Hewitt’s 2015 U.S. Salary Increase Survey of 1,214 organizations, salaried exempt workers will see base pay rise by 2.9 percent and variable pay increase by 12.9 percent in 2015. By comparison, total compensation and spending budgets for salaried exempt employees was 11.4 percent in 1996, with 3.9 percent accounting for salary and 7.5 percent accounting for bonuses. “Organizations are under immense pressure to keep costs in line to remain competitive, and as a result, we are seeing more than 90 percent of companies shifting more of their spending to variable pay because this type of strategy enables them to recognize and reward performance without growing their fixed cost,” said Ken Abosch, broad-based compensation practice leader, Aon Hewitt. “Pay is a top engagement driver for employees, and as the market continues to improve, organizations will need to differentiate through variable pay …

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Top Paying College Majors Earn $3.4 Million More Than Lowest Paying Majors Over a Lifetime

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New report details earnings for 137 college majors. When it comes to earnings, majors matter more than degrees. Over a career, the report finds, college graduates earn $1 million more than high school graduates on average. But averages are misleading: college graduates with the highest paying majors earn $3.4 million more than the lowest paying majors. Using Census data, The Economic Value of College Majors analyzes wages for 137 college majors, including the wages of graduates who go on to earn advanced degrees. It also details the most popular majors, the majors most likely to lead to an advanced degree, and the economic benefit of earning an advanced degree by undergraduate major.

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