In a year marked by tech layoffs and high inflation, competition for workers helped to lift paydays at most S&P 500 companies for the second straight year, according to a Wall Street Journal analysis. Compensation for the median worker at 278 companies in the S&P 500 index was higher in 2022 than in the year… Continue reading A Breakdown of Paydays at America’s Biggest Companies
Tag: Employee Pay
Here’s the Median Salary At Big Tech Companies Like Amazon and Google
Given rising layoffs and a stubbornly high inflation rate, you’d think companies would be pinching pennies on worker salaries these days. Yet the opposite is happening, according to a new study. In general, annual compensation (i.e., salary, bonuses, and benefits) rose higher in 2022 than in 2021 at 278 S&P 500 Index companies according to… Continue reading Here’s the Median Salary At Big Tech Companies Like Amazon and Google
These top US companies pay a median salary of more than $100,000, an analysis shows
Twenty-five top US companies paid workers a medium average salary of more than $100,000 in 2021, according to an analysis conducted by The Wall Street Journal. Many of the highest-paid workers were in the tech sector, where competition for highly technical talent has pushed salaries up over the past few years. Although the tech industry… Continue reading These top US companies pay a median salary of more than $100,000, an analysis shows
Employees at Top Biotech Companies Can Get Paid up to $1.6 Million
Insider has been analyzing how much CEOs and workers in the drug and biotech industries get paid. Using exclusive data from the company-intelligence firm MyLogIQ, Insider identified the 21 companies with the highest median employee pay for 2021. These 21 biotech and pharma companies all reported median employee pay of at least $350,000 last year.… Continue reading Employees at Top Biotech Companies Can Get Paid up to $1.6 Million
Falling Median Pay May Reflect Pandemic Effects Rather Than Real Trends
Amid the pandemic, lockdowns and later a tightening job market, employee pay diverged at Florida’s large public companies in 2020. The median employee pay fell by more than 5% at 16 companies, rose by at least 5% at 35 and hovered within that range for the rest. Florida Trend examined data provided by MyLogIQ from… Continue reading Falling Median Pay May Reflect Pandemic Effects Rather Than Real Trends
McDonald’s CEO Made 1,100 Times What His Workers Did
The U.S. Securities and Exchange Commission has long required public corporations to disclose the compensation of their top officers. The debate about whether chief executive officers are paid too much has gone on for decades. Many investors object to high CEO pay, which often runs into the tens of millions of dollars. Boards of directors claim that good CEOs are hard to find and that they have responsibilities for tens of thousands or even hundreds of thousands of workers.
Last year, the CEO of McDonald’s, Christopher Kempczinski, made 1,189 times the median compensation of his workers, according to an exclusive analysis of the pay of 294 public company CEOs done by MyLogIQ, which uses artificial intelligence and machine learning to examine SEC data. Kempczinski’s total pay was $10,847,032 in 2020. The company’s proxy stated, “McDonald’s is committed to a strong pay-for-performance culture that closely aligns the interests of executives with those of shareholders.”
This Is the Highest Paying Company in America
Almost no one has heard of Alexandria Real Estate Equities, but it was the highest-paying company in America last year, based on an analysis of S&P 500 companies. The median worker pay for its 470 workers was $295,136, an increase of 90% from 2019.
The data on the pay figures comes from MyLogIQ, which provided it to The Wall Street Journal. One Alexandria Real Estate Equities chief executive officer made about 27 times what Stephen A. Richardson, co-CEO, did. Joel S. Marcus is executive board chair and founder.
Median Pay Shows How Companies Diverged in Their Covid-19 Response
Employees of Costco Wholesale Corp. (COST 0.45%) and Home Depot Inc. (HD -0.20%) saw demand for their services swell last year as homebound Americans stocked up on food and remodeled their homes. But Costco’s median worker made 16% less in 2020 than in the previous year while Home Depot’s made 21% more.
The divergence doesn’t mean one chain paid better than the other. It reflects how the pandemic and companies’ varied responses to it fundamentally altered the makeup of their workforces, fueling sometimes counterintuitive swings in median employee pay. (See what the median worker was paid at S&P 500 companies.)
Home Depot instituted a range of temporary pay increases to reward existing workers, lifting its pay structure. So did Costco, but that move was more than offset by a flood of new hires brought in to meet demand, tilting the balance of its workforce toward lower earners.