Salary

Despite the Equal Pay Act of 1963, which promised to eliminate the imbalance between wages, based on gender of workers, in the same position it has been shown that males earn more. This phenomenon has been branded as the ‘glass escalator’. Even in traditionally ‘feminine’ careers such as a teaching and nursing, males will earn more than a female counterpart with equal qualifications. In the research article titled “Salary Differences Between Male and Female Registered Nurses in the United States” published in the Journal of the American Medical Association, the issue of unequal pay distribution between male and female registered nurses is addressed. The purpose of the study “was to examine salaries of males and females in nursing over time…

Employees in the City of Chicago’s Fire Department have received annual salary increases of 8 to 10 percent over the last three years according to Chicago budget data. The fire department employs almost 5,000 people. This year’s average salary for a fire department employee is $96,000. As with most other city departments, the pay scale is top-heavy. Fire Commissioner Jose Santiago, the fourth-highest paid city employee, has an annual base salary of almost $203,000. Pension, benefits and…

When it comes to salary base pay, hourly base pay, merit increases and bonuses it have forever been a touchy subject. In some companies they have policies directing their employees to not discuss it at all. It is a completely uncomfortable situation to have this discussion with others. I have been in scenarios where I have stated both the correct and incorrect amount in which I am being paid on, I never know if I should go lower or higher in the fake amount being told or if I should state my…

Week Four Discussion Fisher 1. Since the Salary Budget is the largest cost for a nursing unit/department, what are some creative ideas you can identify to plan for the expense accurately? There are numerous factors that affect budget planning for salaries. Things to consider; are the nurses in a union with specific wage agreements that must be honored? Does the state in which the manager is creating the budget have mandatory staffing ratios? Will the unit/department be utilizing clinical…

Compensation Management After the candidate is selected they should be managed properly and motivated by providing best wages and compensation as per the industry standards. Compensation is the remuneration received by an employee in return for his involvement to the organization. It is a organized workout that contains balancing the work employee relation by providing monetary and non-monitory benefit to employees. Compensation means to all forms of pay received by employees. Benefit means…

The gender pay gap has always been an extremely present and controversial issue within America, as well as other countries. The gap between salaries does not only apply to gender and women, the dissimilarities in pay are also noticeable between different races and ethnicities. Although there is a slight gap with every difference possible, the one between a woman’s pay and a man’s pay is the most extreme. Ever since women began working more and attempting to supply for their families the gap…

warrant their ample salary size. When asking the general…

According to Wikipedia, “salaries and wages are the sum of remuneration paid to employees, including the values of any social contributions, income taxes, etc., payable to employees.” It essentially is the monthly, or sometimes, weekly amount of money that the employees are getting paid by their employers because of their contract. One thing that all working people have in common, is the income tax that they have to pay, based on the amount of money that they earn, the more money you earn, the…

David Burkus discusses a topic that involves pay transparency. Throughout his presentation Burkus discusses how important disclosing how much each employee makes is. Instead of hiding the salary each employee makes; sharing that number and it being available for everyone to see creates a much better relationship between employees and their managers. In the paper Burkus’s point will be presented as well as analyzed. Included will be how Burkus’s points are in relation to personal lives and…

Throughout the years, professional athletes salaries have skyrocketed. The majority of the revenue to the companies is due to the public's willingness to pay to attend events or watch them online. Also because of the revenue the companies are generating, they have more money to pay players to convince them to join their team. Some believe that the athletes deserve and have earned their pay. They believe that they need the large salary to cover medical bills or to save for retirement. However,…