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Category: Salary & Benefits

Vault's 2015 Consulting Rankings Are Here!

It's been quite a year for changes in the consulting industry, which is apropos for the launch of our 2015 Consulting Industry ranking-the pendulum for "Best Consulting Firm to Work For" has swung back to Bain this year, with the firm beating McKinsey to pole position by the slenderest of margins, powered by incredible performance across our individual Best to Work For categories.   Out in the industry, the biggest change is easy to identify: the deal that saw Booz & Co. Read More >

Vacation Auto-delete for Email: Good Policy or Bad for Business?

Over on his Marginal Revolution blog, Economist Tyler Cowen reports that German auto firm Daimler has given some 100,000 employees the option to have any incoming emails auto-delete while they are on vacation. According to the FT piece cited by Cowen, "The sender is notified by the 'Mail on Holiday' assistant that the email has not been received and is invited to contact a nominated substitute instead. Employees can therefore return from their summer vacation to an empty inbox. Read More >

7 Things You Need to Do to Win Promotion

Promotion tends to make us think of moving up the so-called corporate ladder, but maybe we need to think about the importance of what we're doing on our level - lateral promotions. What you're doing now in your career is just as important. However, if working your way up is what you want then go for that. Just don't forget that there are other ways to show off your skills and experience. Read More >

"Don't Choose this Firm!" What the Unhappiest Consultants Say About Their Companies

As we gear up for the launch of the 2014-15 Vault Consulting rankings later this month, I've been spending a lot of time with the data collected from our survey, trying to figure out what makes the top firms different from the others in the industry. The answer to that question: happy employees-and lots of them. For more than that, you'll have to check back in when we launch the rankings on August 19th! Read More >

Silicon Valley vs. Silicon Alley: Where Are Salaries Higher?

The East Coast-West Coast rivalry continues.If you're looking for work in the so-called STEM sector and judge jobs by their salaries, Bloomberg has put together several nice charts that show you where tech compensation has grown fastest since 2008. But if you're not a visual person, here's what you need to know when it comes to cash: Seattle > San Francisco > Washington, D.C. > New York. Read More >

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 >

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