Salary

2022 - 12 - 19

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Image courtesy of "Bloomberg"

Employers Are Deflating Salaries in Job Listings to Keep Pay Down (Bloomberg)

Some employers are posting artificially low salary ranges to keep wages from ballooning and to avoid alienating existing workers, but it could easily ...

Some employers are trying to limit the demands of potential hires seeking [top dollar](https://www.bloomberg.com/news/articles/2022-11-17/inflation-talent-wars-spark-highest-salary-hikes-since-2007-survey), while preventing existing workers from finding out they are [underpaid](https://www.bloomberg.com/news/articles/2022-10-31/new-york-city-pay-disclosure-laws-go-into-effect-on-nov-1). [New York City](https://www.bloomberg.com/news/articles/2022-10-31/new-york-city-pay-disclosure-laws-go-into-effect-on-nov-1) and Colorado where it’s now required by law, what’s listed as the maximum salary may be closer to the middle, according to multiple HR executives and pay experts.

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Image courtesy of "Los Angeles Times"

Employers deflate salaries in job listings to keep pay down (Los Angeles Times)

Companies are lowballing salaries in job listings, concerned that applicants will ask for too much money or existing employees will demand raises.

In Washington, for instance, employers are required to disclose the full range for the job, even if the intended pay range might be lower — so lowballing the true maximum pay might violate the law there, Patrick said. While it’s hard to prove in any specific job posting, that truncated range might reflect employers’ reluctance to post the true high end, for fear that all applicants will expect to get it or that existing employees will see it and demand a raise. With the job market [still very tight](https://www.bloomberg.com/news/articles/2022-12-02/us-hiring-and-wages-top-forecasts-keeping-pressure-on-fed?sref=QnKyEnuc), companies are getting squeezed, but they also do themselves no favors by keeping employees in the dark about their compensation practices. The fact that the rules vary so much is making compliance difficult and costly, said Emily Dickens, head of government affairs at the Society for Human Resource Management. The high end of a typical pay range should be between 40% and 60% above the minimum, said Justin Hampton, founder of CompTool, which compiles and analyzes salary data in online job listings. Data recently compiled by Hampton from more than 12 million job listings taken from more than 100 job websites show the range is only about 28% for job listings in the U.S., so the top advertised pay for that job might only be $64,000 even if the true pay could be as high as $80,000 for some workers. [launched](https://www.bloomberg.com/news/articles/2022-11-01/with-pay-ranges-of-2-million-nyc-transparency-law-is-off-to-a-glitchy-start?sref=QnKyEnuc) in New York City, some pay ranges were so [wide](https://www.bloomberg.com/news/features/2022-11-04/nyc-pay-transparency-law-wells-fargo-ibm-and-other-employers-post-big-ranges) — for example, $100,000 from bottom to top — as to be almost useless. Some employers are trying to limit the demands of potential hires seeking [top dollar](https://www.bloomberg.com/news/articles/2022-11-17/inflation-talent-wars-spark-highest-salary-hikes-since-2007-survey), while preventing existing workers from finding out they are [underpaid](https://www.bloomberg.com/news/articles/2022-10-31/new-york-city-pay-disclosure-laws-go-into-effect-on-nov-1). For a job that starts at $50,000, the top range should be between $70,000 and $80,000. “Part of the challenge here is that pay transparency is new, so there is this fear among HR people about this new information, that people will not understand it. The emergence of lowball salary ranges will only add to the confusion and frustration of workers, and could also hurt the credibility of corporate HR departments at a time when employees are already feeling [burned out](https://www.bloomberg.com/news/articles/2022-11-16/burnout-book-maslach-leiter-on-what-it-means-how-to-recover?sref=QnKyEnuc) and disconnected from their employers. “There are companies intentionally posting salary ranges below their actual salary bands for job seekers,” said Jamie Coakley, senior vice president of people at Electric, which provides remote information technology services for small- and medium-sized businesses.

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Image courtesy of "The Wall Street Journal"

Struggling to Find Accountants, Businesses Boost Salary Offers, Hire ... (The Wall Street Journal)

A deepening shortage of accountants is driving a growing number of companies to raise salaries or seek temporary help to strengthen their finance teams amid ...

Automation and digitization haven’t eliminated the need for accounting staff, but led to changes to roles or new ones, she said. In a downturn, students tend to gravitate toward degrees in accounting and finance because they are considered more stable career paths than, for example, marketing and communications. Its accounting and finance team of 20 people is expected to grow in the mid-to-high single digits annually due to strong business growth, Mr. The organization said it is working to raise awareness about the profession among high- and middle-schoolers. students who completed accounting degrees falling by 2.8% for bachelor’s and 8.4% for master’s in the 2019 to 2020 academic year compared with the prior year, according to the latest available data from the American Institute of Certified Public Accountants, a professional organization. Thorpe said. GEE used to elevate staff accountants to senior accountants in one to three years and to managers in three to six years, Mr. In a recent Robert Half survey of more than 1,500 managers at companies with operations in the U.S., 87% of respondents said they find it increasingly hard to secure the talent they need for general accounting, financial reporting and financial planning and analysis. The company added six employees to its finance team between March and November, bringing it to 22, she said. The company has about 500 finance employees across 40 countries and roughly 10% of its revenue comes from the U.S. Fewer people are pursuing degrees in accounting and starting new jobs in this area, resulting in more open positions for related roles and searches that take longer to complete. Companies’ accounting and finance departments in particular, which are crucial for managing financial operations, internal controls and financial reporting, are suffering from the lack of personnel.

United States Digital Development Salary and Skills Pay Survey ... (Business Wire)

10/25/50/Average/75/90 percentiles; Cash Bonus; Total Direct Cash Compensation; Current cash pay premiums for specific skills and certifications; Detailed long- ...

Digital Development Salary+Skills Pay Survey Report, 2022"](https://www.researchandmarkets.com/reports/5661582/u-s-digital-development-salaryskills-pay-survey?utm_source=BW&utm_medium=PressRelease&utm_code=ttdxpt&utm_campaign=1792409+-+United+States+Digital+Development+Salary+and+Skills+Pay+Survey+Report+2022%3a+Base+Salary%2c+Cash+Bonus%2c+and+Relevant+Skills+%26+Certifications+Pay&utm_exec=chdo54prd) report has been added to ResearchAndMarkets.com's offering. A complete, up-to-the-minute view of what Digital Development professionals in 65 U.S. [https://www.researchandmarkets.com/r/s2voh0](https://www.researchandmarkets.com/reports/5661582/u-s-digital-development-salaryskills-pay-survey?utm_source=BW&utm_medium=PressRelease&utm_code=ttdxpt&utm_campaign=1792409+-+United+States+Digital+Development+Salary+and+Skills+Pay+Survey+Report+2022%3a+Base+Salary%2c+Cash+Bonus%2c+and+Relevant+Skills+%26+Certifications+Pay&utm_exec=chdo54prd)

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Image courtesy of "The Wall Street Journal"

Struggling to Find Accountants, Businesses Boost Salary Offers, Hire ... (The Wall Street Journal)

A deepening shortage of accountants is driving a growing number of companies to raise salaries or seek temporary help to strengthen their finance teams amid ...

Automation and digitization haven’t eliminated the need for accounting staff, but led to changes to roles or new ones, she said. In a downturn, students tend to gravitate toward degrees in accounting and finance because they are considered more stable career paths than, for example, marketing and communications. Its accounting and finance team of 20 people is expected to grow in the mid-to-high single digits annually due to strong business growth, Mr. The organization said it is working to raise awareness about the profession among high- and middle-schoolers. students who completed accounting degrees falling by 2.8% for bachelor’s and 8.4% for master’s in the 2019 to 2020 academic year compared with the prior year, according to the latest available data from the American Institute of Certified Public Accountants, a professional organization. Thorpe said. In a recent Robert Half survey of more than 1,500 managers at companies with operations in the U.S., 87% of respondents said they find it increasingly hard to secure the talent they need for general accounting, financial reporting and financial planning and analysis. GEE used to elevate staff accountants to senior accountants in one to three years and to managers in three to six years, Mr. The company added six employees to its finance team between March and November, bringing it to 22, she said. The company has about 500 finance employees across 40 countries and roughly 10% of its revenue comes from the U.S. Fewer people are pursuing degrees in accounting and starting new jobs in this area, resulting in more open positions for related roles and searches that take longer to complete. Companies’ accounting and finance departments in particular, which are crucial for managing financial operations, internal controls and financial reporting, are suffering from the lack of personnel.

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Image courtesy of "Bloomberg"

Alex Jones Fights in Bankruptcy for $1.3 Million Infowars Salary (Bloomberg)

Alex Jones, the conservative firebrand ordered to pay more than $1 billion to families of Sandy Hook shooting victims, will ask a Texas bankruptcy judge ...

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Image courtesy of "Yahoo News"

Are Companies Intentionally Posting Low Salary Ranges To Prevent ... (Yahoo News)

A part of that trust factor is often ambiguity around salary. Some organizations have done a great job of being more transparent about salary expectations, ...

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