Physical Therapy Jobs and Salaries On the Rise

Physical therapy jobs are expected grow 27 percent between 2006 and 2016, according to statistics from the Department of Labor’s Bureau of Labor Statistics (BLS).
Salaries in the industry are also performing well and .  Median salaries rose 29 percent to $74,000 from 2002 to 2008, according to the American Physical Therapy Association.  The median salary [...]

Severance Is Running Out on the Economic Recovery

Weak consumer spending continues to hamper the struggling economic recovery and  consumer spending could actually drop further yet, according to the Wall Street Journal.
Many professionals have endured unemployment much as if they were still employed, relying on severance packages to maintain their lifestyle and, to an extent, the economy has been bolstered by what the [...]

New UBS Chief Robert McCann Champions Stingy-Salary Hiring

Robert McCann, UBS AG’s new head of wealth management in the Americas, wants to debunk the notion that the highest salary draws the most talented employee.
UBS was previously perceived as offering the highest salaries to attract the best financial advisers, but McCann told Bloomberg Television he intends to end the practice if it ever really [...]

Bonus Plans in 2009 Reach More Employees, Offset Pay Cuts and Frozen Salaries

Executive salaries are flat, frozen or declining, but bonus pay for performance is on the rise and includes a larger group of employees, said Ken Abosch, Head of Compensation for Hewitt Associates in an interview on compensation trends with BusinessWeek.
A wider pool of bonus pay in 2009 for a larger set of employees will help [...]

Wage and Salary Cuts Are Now More Common than Ever

Eighty percent of the workforce has seen its weekly wages decline for a record nine straight months, according to a New York Times article reporting numbers from the Bureau of Labor Statistics.
That index has fallen for nine consecutive months, an unprecedented string over the 44 years the bureau has calculated weekly pay, capturing the large [...]

How Executive Compensation Tried and Failed at Merrill Lynch

Two years before business leaders and the Obama administration’s “Pay Czar,” Kenneth R. Feinberg, began to debate the merits of pay for performance as a model for executive compensation, Merrill Lynch tried it and failed, according to a report in today’s New York Times.
Those on the side of regulation have argued that the financial collapse [...]

Incentive Pay Beats Salary as Top Motivation, Retention Tool

Pay for performance is the No. One way companies retain employees, according to a survey of 100 companies by  Ann Bares, a compensation expert and managing partner at Altura Consulting Group.
Companies also rely on competitive salary and benefits packages and “frequent, open and honest information sharing” to reward and retain employees, Bares wrote on her [...]

Financial-Services Employers Raising Salaries to Compensate for Smaller 2009 Bonuses

Financial-services companies are raising base salaries to compensate for smaller bonuses this year, according to a report in Workforce Management.
“Not ever in the 20 years I’ve been recruiting do I remember a time when there’s so much concern over the stickiness of the talent base,” said Jane Hobson Marcus, partner in the global asset and [...]

GM to Rescind White-Collar Pay Cuts and That’s Good for Everyone

General Motors announced Friday that it was restoring the salary cuts of many white-collar workers whose pay had been cut this year, in order to fight attrition.
“The automaker was losing staff members because its pay scales were no longer competitive with other automakers and manufacturing companies,” a spokesman told the Associate Press.
That’s good news for [...]

Hold Out for More Money and Get a Bigger Salary Offer

To grab a larger salary offer in a recession focus on what you perceive to be what the company is looking to hire most.

Yes, the economy stinks, but that doesn’t mean you should discount your own influence in a salary negotiation.
If it’s clear you’re the candidate the company wants, then negotiating for the best possible [...]