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Category: Salary & Benefits

Could Justice Scalia's Death Affect Pay, Promotions, and Gender Bias Lawsuits?

One of the wildest developments in this very wild election year has been the death of Supreme Court Justice Antonin Scalia. And the question Who will succeed him? is one that's looking more and more like it will be heatedly debated right up until the final vote is cast on the first Tuesday this November. Of course, the importance of Scalia's successor is far reaching. With the SCOTUS now locked at 4 vs. Read More >

Oscar Shines on Investigative Journalism, Spits on Investment Banking

At Sunday night's Academy Awards ceremony, the first two Oscars of the night were handed out to the perhaps most overlooked, under-appreciated, marginalized of all Hollywood talent: the writers. The first Oscar was given for original screenplay and went to the writers of Spotlight (which also won the last Oscar of the night for Best Picture). The second Oscar of the night was for adapted screenplay and went to the writers of The Big Short. Read More >

Should You Get Paid More for Working on Leap Day?

It's the rarest date on the Gregorian calendar, which raises an important issue: if you're a salaried employee, should you be getting paid more for dragging yourself to work for this extra day? (Especially when it's a Monday). So what's your take? Should we all be enjoying an extra day off? Banking an extra 366th of our salary (or whatever fraction would be relevant for the number of days we actually work in a normal year)? Or just grinning and bearing it? Read More >

Why Did You Go to College?

We are delighted to welcome a new contributor to Vault's careers blog. After a successful career as a Silicon Valley high-tech executive, Alan McMillan wanted to give something back to the generations coming behind him. Read More >

Talent Wars: Is Silicon Valley Salivating Over the Bonus Drought on Wall Street?

Back in 2008, when the mortgage-backed securities hit the fan, there was a monstrous public outcry for banker bonuses to be scaled back. Banks kicked and screamed, fighting hard against it, but in the end acquiesced and scaled bonuses back. Or sort of scaled them back. What they agreed to do, instead of giving senior bankers mountains of cash at the end of the year, was give them mountains of stock. Read More >

Does School Prestige Affect Earnings Potential?

According to a recent and rather extensive study of 7,300 college grads, how prestigious your school is might make little to no difference to your future earnings. That is, if you're a science, tech, engineering, or math major it won't. For STEM-related majors, average earnings don't vary much among the college categories. Read More >

The Real Signs It's Time To Quit Your Job

Over the last few weeks, Vault has provided employees with tips on how to quit their job and has also informed employers on how to graciously accept a letter of resignation, so the next logical progression would be to discuss why people should leave their jobs in the first place. Read More >

This Radical Move to End Wall Street Greed and Hubris Just Might Work

Not that long ago, most Wall Street banks weren't public entities but private partnerships. And so, instead of their names ending with a Co. or an Inc., they ended with an LLP. Which meant, among other things, if the firms were forced to pay fines for misdeeds, it wasn't shareholders that picked up the tab (because there weren't any shareholders) but the bankers themselves, which is to say the partners themselves. Read More >

3 Major Differences Between Consulting and Startup Life

Andrew Faircloth and Brent Macon were management consultants for three years (Andrew with Bain & Co., Brent with McKinsey & Co.). They started Primer Sports in August 2015 to help outgoing professionals use sports to connect with people in the workplace and beyond. Both are first-time entrepreneurs. Read More >

Raises at Wal-Mart: Why You Should Pay Attention

Wal-Mart is raising pay for the majority of its hourly-wage employees, according to a recent article in the Wall Street Journal. Great news for those people but hardly of much interest to the rest of us, right? But maybe it should be. According to the Journal article, the move will affect close to 1.2 million employees of Wal-Mart and Sam's Club stores. Want some context on that number? Read More >

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