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by Phil Stott|April 15, 2014
It's no secret that men, as a group, earn more than women, with the
pay gap currently standing at around 16 cents-that is, for every
dollar earned by an average man, the average woman makes just 84
cents. While the reasons for that gap are varied, a recent report
from the Pew Research Group highlights one of the major causes.
The past 30 years have seen significant improvements in
closing the earnings gap between men and women.
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by Derek Loosvelt|March 25, 2014
According to this New York Times video, the answer is yes. In fact,
the Times believes that "when women advocate for themselves at work
it can sometimes backfire, which is why women need to take a more
measured approach when asking for a raise or anything else at
work." Although I'm not so sure that women need to take a different
strategy from men in this regard (should men simply skip into their
boss's office and call out, "How does a 10 percent hike work for
you?
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by Phil Stott|March 12, 2014
I realized this year that, having found my first job while still in
high school, I have now been in the workforce for more than two
decades-and fortunate enough to have been able to find and hold
employment for most of that period. Since those first forays into
the world of work, I have held-as anyone who has looked at my
profile page here at Vault will know-a variety of jobs in different
industries, across three continents.
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by Phil Stott|February 26, 2014
It's the time of year that we here at Vault are thinking one thing,
and one thing only: surveys. To get the information from company
insiders that informs our rankings and company profiles, we spend
months surveying employees, reading the results, and condensing
them to bring you the most accurate picture that we can of life
within leading companies across a variety of industries.
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by Phil Stott|February 19, 2014
With so much information competing for your attention, it can be
difficult to stay on top of the latest developments and ideas in
your field-and none more than consulting, where leading firms
compete to produce game-changing ideas and insights. Of
course, one of the unfortunate by-products of all that research is
that much of it is just not that interesting or relevant.
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by Derek Loosvelt|February 12, 2014
Before I address AOL CEO Tim Armstrong's public justification for
scaling back his firm's 401(k) plan on rising health care costs
such as those associated with "two AOL-ers that had distressed
babies that were born that we paid a million dollars each to make
sure were O.K.," I'd like to make a few observations gleaned from
my two decades as part of the so-called American workforce.
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by Phil Stott|February 11, 2014
First, apologies for the Upworthy-style headline format. But
seriously, take a look at the chart below, from a recent New York
Times piece on the divergence of global incomes. Note that the
left-axis is denoted in millions of dollars. Now mark an
x--real or imaginary (for the good of your device's screen, I'd
recommend the latter)--where your own salary falls. If it's
somewhere between those bottom two lines--welcome to the club.
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by Phil Stott|February 06, 2014
The Congressional Budget Office predicted earlier this week that
one of the side-effects of the Affordable Care Act would be to
eliminate the equivalent of 2 million full-time jobs, almost
entirely as a result of "a net decline in the amount of labor that
workers choose to supply.
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by Phil Stott|January 29, 2014
President Obama's State of the Union speech last night focused to a
large degree on jobs and, specifically, on two key planks related
to labor: the need to create more jobs, and raising wages for those
at the bottom of the compensation ladder. Here are the main
takeaways from the speech on those issues: Setting the
scene No State of the Union speech would be complete without
a progress check.
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by Phil Stott|December 04, 2013
Give a bunch of academics long enough, and they'll come up with a
study that can suggest just about anything-including an upside to
this terrible job market. According to an article in The Week,
researchers at Emory University's Goizueta Business School have
found that there may be a correlation between job satisfaction over
the course of a career and the economic climate that you graduated
into.
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