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Category: Salary & Benefits

Should You Disclose Your Salary in an Interview?

A friend recently asked me for advice on dealing with a scenario that will be common to many job seekers: he was getting pretty deep into the recruitment process with a firm, but no-one had mentioned money. When, he wanted to know, was the right time to bring it up? And, given that he feels significantly underpaid in his current position, how could he avoid being lowballed this time out? Read More >

Is the Male-Female Earnings Gap Here to Stay?

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. Read More >

Should Women Ask For Pay Raises Differently From Men?

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? Read More >

Great Jobs: What I've Learned from the Best Jobs I've Held

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. Read More >

The 5 Best Strategy Consulting Firms

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. Read More >

6 of the Best: Consulting Research Paper Roundup

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. Read More >

What We Talk About When We Talk About AOL’s Distressed Babies

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. Read More >

You Won't Believe How Low Your Salary Falls on this Chart

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. Read More >

Should We Be Working Less and Sleeping More?

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. Read More >

Jobs and the SOTU: Does the President's Agenda Have a Chance?

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. Read More >

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