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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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What Caitlin Clark’s Starting Salary Says About the State of the Gender Wage Gap

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But when it came time to receive her first salary as a professional basketball player, many fans—and women across the country in general—were shocked by the amount: $76,535. Glamour wrote, “The math is not mathing” and quoted a Twitter post that said Clark would qualify for low-income housing in San Francisco on that salary.

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

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A recent report reveals median employee pay did not keep pace with inflation in 2021. The gap between CEO and employee salaries continues to expand, despite overwhelming backlash from low wage employees. . million salaries while the median worker received $23,968, the report revealed. .

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HR Leaders Share How New Salary Transparency Laws Have Changed Everything

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As of November 1, a law in New York City now requires employers with four or more people on the payroll to provide a salary pay range in all job advertisements. . Last year, Colorado enacted the Equal Pay for Equal Work Act — a law that requires employers to include salary ranges on their job postings. .

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Netflix Rolls Back Parental Leave Policy to Reinforce Workplace Efficiency

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Netflix offers free on-demand counseling, allows staff to customize their compensation balance between salary and stock options, and has ensured ample maternity support until now. Photo courtesy of Elliott Cowand Jr/Shutterstock The post Netflix Rolls Back Parental Leave Policy to Reinforce Workplace Efficiency appeared first on SUCCESS.

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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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Portugal’s Revives Tax Breaks To Attract Skilled Foreign Workers

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It’s a major policy decision that The Financial Times reports will not be reinstated alongside the tax policies. Reuters reports that the tax breaks , which were initially designed to help Portugal recover from the financial crisis, had drawn over 74,000 beneficiaries in 2022 alone. billion euros.

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