Nearly 60 percent of U.S. workers are hourly employees, does your organization know what makes them tick?
The majority of staff in the United States are hourly employees who have little to no control over their work schedules. The retail industry has an annual turnover of 80–100%. The cost of replacing hourly workers is up to 1/3 of their annual salary.
That’s why when the employee engagement is low, it’s vital for businesses to get staff enthusiastic about the organization and the role they play within in.
In 2013, Gen Y (those born after 1990) made up 25 percent of the American workforce. By 2025, this number will increase to 75 percent. To keep this growing group of employees happy, they say they want to schedule flexibility, shared values, immediate feedback, and a positive work environment.
Check out the infographic below, courtesy of When I Work, for more stats on hourly employee trends:
The following is a guest post by Kelly Gregorio. Too often, those who want a pay raise look to outside influences when what they should be doing is looking at themselves. If you want to get a raise, then you have to give your employer a reason to say…
Nobody thinks being the CEO of a huge company is an easy job, so it makes sense that these bigwigs get big salary paychecks for their hard work.
But when you compare the salary of some CEOs to what their average workers earn, the difference can be a little mind-boggling. PayScale just published a newly updated comparison of the salaries of CEOs at the largest companies in the United States to those of their workers.
The difference in ratios is pretty epic. Wal-Mart tops the list, with CEO Mike Duke earning 1,034 times what the average Wal-Mart employee makes.
Compare that to Warren Buffet, CEO of Berkshire Hathaway, who takes home a paltry $490,000 a year, only nine times the salary of one of his average employees, or Google CEO Larry Page, who only takes a salary of $1 per year. (It should be noted that stock compensation wasn’t figured into our CEO salary data.) These two companies also have employees that report higher job satisfaction.
So take a look at this infographic to see which Big Corporate Kahunas are riding high on the highest salary ratios, and who reports earnings more in tune with their employees. And keep your eyes peeled for future posts about this subject. In the next week or so, we’ll dig into the nuances of how we define CEO Salary and highlight CEOs with the best and worst reputations throughout history.