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Category: Salary & Benefits

Should Employees Be Allowed to Watch the World Cup at Work?

Call it a fever, a virus, or merely an emotional infection, World Cup-itis is no fictional disease. Every four years, it afflicts hundreds of millions of people (this blogger included). And although the causes are easy to explain-the exhilaration of watching diving headers kiss the side netting, free kicks bending around walls just out of reach of fully extended goalkeepers, thirty-yard passes threaded between defenders onto the boots of strikers sprinting toward goal-there's no known cure. Read More >

Return of the Pay Czar: Coming Soon to a GM Plant Near You

Like a bad sequel to a horror film, Kenneth Feinberg, the Obama administration's former "pay czar," is back. And this time it's the automotive industry, not oil companies or Wall Street, that needs his expertise in assessing the wreckage. Read More >

Has President Obama Solved the Student Loan Crisis?

If you're one of the millions of current or soon-to-be college graduates who are struggling under the burden of student debt, there's some good news: relief is on the way. The reason: an executive order from President Obama that extends the ability to cap student loan repayments at 10 percent of your monthly income, with forgiveness of any remaining balance after 20 years (or 10 years, if you go to work in the public sector). Read More >

The Reality of the Job Market for Millennials is Not Pretty

Millennials. Whether you believe that they're the most entitled generation ever to walk the Earth, or the one most let down by the generations that have preceded it, there's no disputing that they've had it tough on the job front. Graduating into the worst economy since the Great Depression is no-one's idea of a good time, but it's a story that's sometimes difficult to comprehend for those who have enjoyed being able to hunt for a job during periods of relative prosperity. Read More >

The Rise of Supersalaries, Income Inequality, and Thomas Piketty's 'Capital'

I live in Brooklyn, and this past weekend, at my local independent bookstore, where the titles that typically move are those written by the many novelists who live in the outer borough, front and center in the store window and on the checkout counter was the new, Bible-thick, nonfiction title Capital in the Twenty-First Century, by French economist Thomas Piketty. Capital, if you haven't heard, has been receiving a ridiculous amount of praise. Read More >

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 >

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