Compensation

Silicon Valley Recruiters See Wide Demand for Tech Skills

Silicon Valley Sign
What’s New This Quarter What does the Silicon Valley workforce really look like? If Google, Yahoo and Facebook are indication, it’s very white and male. In May, Google revealed that only 2 percent of its workforce is black, 3 percent Hispanic, and 30 percent Asian; 30 percent is female. “Simply put, Google is not where we want to be when it comes to diversity,” Senior Vice President Laszlo Bock said in a blog post. The census, which covered 26,600 Google… continue…

Taking ‘Any’ 1st Job Could Hurt You for Years

Posted In Looking in Tech
Paths
If you take a job for which you’re overqualified right out of college, you could be setting yourself up to earn less money over time, according to economists from Duke University and the University of North Carolina. The economists used government data that followed Americans who were between 14 and 22 in 1979. Not surprisingly, they found that people were most likely to be “overeducated” when they took their first job. Women were slightly more likely to be in that… continue…

Tech Firms Top List of Best-Paying Companies

Posted In Looking in Tech
Counting Money
Glassdoor’s just unveiled a list of top companies for compensation and benefits. The point of the survey isn’t to measure “happiness”—there’s another list for that—but instead to shed light on whose employees are the most satisfied with the very basic foundation blocks of employment: pay, benefits and perks. Fourteen of the 25 companies listed are in tech, including four of the top five: Google topped the list, Facebook was No. 3, followed by Adobe and Epic Systems (Costco held the… continue…

A Tech Career May Not Require a Four-Year Degree

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Math Lecture
Do you need a bachelor’s degree to have a successful career in IT? Not necessarily. In some occupations, professionals with less-costly two-year degrees may actually out-earn people with more education, according to research from Georgetown University. In fact, Georgetown says that 28 percent of people with an associate’s degree make more than the median of workers with a bachelor’s degree. For instance, you can make a nice living as a Web developer, application developer, computer programmer, computer support specialist, game… continue…

Intel Raises Bar on Executive Bonuses

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Money
Faced with a weakening PC market and a mobile strategy that has yet to take off, Intel has raised the bar for bonuses and a compensation bumps. The chip giant has increased the number of senior executives and managers who are part of its stock-based compensation program seven-fold to 350 people, up from 50, according to Intel’s letter to shareholders released earlier this week. But starting this year, these stock-based awards will carry more risk on the downside. If the… continue…

3 Great Salary Negotiation Strategies for Women

Contract Negotiation
Looking for a way to strengthen your presence during a negotiating session? Here’s a simple trick: Say “I” instead of “we.” M.J. Tocci, director and co-founder of the Heinz Negotiation Academy for Women at Carnegie Mellon University, says the “we” problem is common among women, and it’s based in the messages and stereotypes they face growing up. “The mistakes women make in negotiating salary and other things aren’t because they’re not smart enough or savvy enough,” says Tocci. “The problems… continue…

Juniper Networks Under Pressure to Cut Salaries

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Juniper Networks
Juniper Networks’ generosity to employees hasn’t gone over well with activist investor Elliot Management. The hedge fund is pressing for a better a deal for investors, in part at the expense of its workers. In an effort to pump up its share price, Elliot wants Juniper to cut costs by $200 million a year, streamline its portfolio of products and return up to $3.5 billion in cash to shareholders through buybacks and dividends. That cost-cutting would come from what Elliot… continue…

More Workers Expect Pay Raises This Year

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Money
About one in three employees — 32 percent — say getting a raise is among their top work-related resolutions for 2014, according to Glassdoor’s Q4 2013 Employment Confidence Survey. Looking for a new job (22 percent) and developing leadership skills (20 percent) are also high on the list. Of those surveyed, 42 percent anticipate getting a raise in 2014, a two-year high. Employees in the Northeast (49 percent) are more optimistic about scoring an increase than employees in the West… continue…

Silicon Valley Wage Growth Leads the Country

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If you work in Silicon Valley, chances are you made more money in 2013 than you did in 2012, according to the Bureau of Labor Statistics. Both Santa Clara and San Mateo counties saw an increase in average weekly wages during the second quarter last year compared to the same period of 2012. Wages in San Mateo County increased 8 percent year-over-year. Workers across the country, in a variety of industries, will likely see a 3.7 percent increase in salaries… continue…

SAP-Related Product Sales and Salaries to Rise

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Growth Trend
Employers continue to pay a premium for SAP skills and some talented pros might be more apt to go job-shopping this year than in the past. A survey by consulting and staffing company Red Commerce found three-quarters of SAP pros are planning to look for a new job in the next year. Drivers for this grass-is-greener-on-the-other-side-of-the-fence mentality may reside with growth in SAP’s core ERP products, which may prompt SAP pros to seek other opportunities at other SAP-related vendors. Additionally,… continue…