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Category: Salary & Benefits

Is Salary Negotiation on the Way Out?

Would you take a job with a company if they gave you a take-it-or-leave-it salary offer, with no negotiation? According to a Wall Street Journal article today, that's exactly the approach being taken by a number of Silicon Valley startups, including Reddit, Magoosh, and Jet.com. Read More >

Where the Self-Made Billionaires Work

Forgetting, for a moment, that money is the root of all evil, that money can't buy happiness, and that it's easier for a camel to thread the eye of a needle than for a rich man to enter paradise, let's talk about billionaires. More specifically, let's talk about self-made billionaires, because anyone with a head and a heartbeat can inherit a billion, but not everyone can make a billion on his or her own. Read More >

Bain: Why There Are So Few Women Business Leaders

It's a well-known fact that women make up just 5% of the CEO class among Fortune 500 companies. Read More >

Wall Street’s Return: Wonderful or Frightful?

It's official: Wall Street's back. That is, the banking industry is just about back to where it was before the financial crisis of 2008 with respect to both profits and staffing. And so, depending on where you stand, the Return of Wall Street is either a sugary sequel to a superhero blockbuster, or a gory sequel to a frightening slasher flick. Read More >

The State of the Graduate Job Market (Infographic)

It's graduation season, which means that it's also that time of year where you start seeing lots of articles about the most inspiring graduation speeches, along with the occasional piece on how this generation is, like, the least well-equipped for the workforce, like, everrrrr. Turns out, though, that the disdain runs both ways: Accenture's most recent U.S. College Graduate Employment study finds that just 15% of graduating students this year want to work for a large company. Read More >

A Company with No Managers—How Would You Fare?

For those of us who cover careers, Zappos and its CEO Tony Hsieh are more than watchwords for hassle-free shoe-shopping: they're consistently pushing the boundaries of organizational design. In other words they're at the forefront of defining what it means to be a company, and an employee, in the age we live in-with Hsieh assuming the role of one of the leading org design thinkers of that age. Read More >

Q&A With a Working Mother on Wall Street

Hilani Kerr is the head of global foreign exchange product sales at Bank of America Merrill Lynch. During her two-decade career, she has worked in Europe, Asia, Australia, and, for the past three years, in New York. In addition to her busy work schedule, she and her husband are raising two daughters-an 11-year old and an eight-year old. I recently spoke to Kerr about how she balances her home life with her work life. Below is an excerpt from that conversation. Read More >

Long Hours: How to Fake it Like a Top Consultant

Color me shocked: a recent study has found that many consultants who claim to be working 80+ hours per week may be faking at least some of them. Read More >

Employee Reviews: What Are They Good For?

When was the last time that you had an employee review? Now ask yourself the same question, but tack on the words "that served any purpose beyond paper-pushing" to the end. Do you still get the same answer? If not, you're not alone: according to a recent Wall Street Journal piece, many companies are finally coming to a realization that their employees had a long time ago: most employee review systems are terrible. Read More >

Are Longer Hours Pointless?

Several of the industries that we cover here at Vault are plagued by cultures where 70+ hours per week are common. Folks in law, finance, and consulting regularly report difficulties with trying to balance their working hours and, well, anything else in their life that doesn't involve work. (I'm leaving out accountants for now-while they undoubtedly work long hours during peak periods, I'm assuming they're all still catching some post-tax day shuteye. Read More >

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