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3.4 Million Chinese Youth Rush To Civil Service Jobs For Stability, Not Pay

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Katherine Lin quit her civil service job in the southern megacity of Shenzhen in July after her 15,000 yuan ($2000) salary dropped by a quarter, bonuses were scrapped, and managers hinted at further downsizing. “Some departments chose to either cut salaries by 30% or fire people in response to cost-cutting policies,” she said.

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As CEO Salaries Skyrocket More Than 25%, Financial Security Is Wavering For Workers

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The gap between CEO and employee salaries continues to expand, despite overwhelming backlash from low wage employees. . Within a year during the pandemic, on average CEOs gained “29% raises while their median worker pay fell by 2%,” the Institute for Policy Studies (IPS) found. Things may get worse before they get better.

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Do Pay Transparency Laws Actually Matter?

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employers list salary ranges in job postings in response to recently passed pay transparency laws, fewer people are submitting applications without first knowing what they pay. Pay transparency laws aim to promote fairness and reduce pay disparities based on factors like gender, race, and ethnicity. As more U.S.

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3 Awkward Money Conversations in the Workplace and How to Navigate Them

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One option is to consider developing a policy that dictates when you’ll contribute, and sharing the terms of that policy when asked. 2: Lack of salary transparency You’re applying for a new role and the application asks you to list your salary requirements. In my view, salary transparency is a must ,” Holman says. “It

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Unveiling the Hidden Potentials of Remote Work Productivity

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A 2020 Stanford University study revealed that remote workers were 5% more productive than office-bound counterparts. A survey of 3,000 workers at leading companies like Google, Amazon, and Microsoft discovered that 64% would prefer permanent telecommuting over a $30,000 salary increase. By spring 2022, this figure rose to 9%.

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4 Monumental Ways Banning Noncompete Clauses Will Transform The Future Of Work

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The future of work would look dramatically different without them, and business leaders are sounding the alarm that their removal would change everything from the protection of trade secrets to hiring practices, salary ranges, employee turnover, career trajectories, advertising practices, and more. . How Leaders Can Prepare .

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The Gender Pay Gap Impacts 41% Of Women – Here’s How To Infuse Equity Into The Hiring Process

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75% of women consider a company’s maternity and family leave policies when applying for jobs . Studies have found as recently as 2020, women still made only 84% of what men earned. It can also mean disclosing all organizational salaries – from C-suite to junior staffers – either internally or to the greater public.

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