There’s More to the Chobani Story Than Equity

Fred WhittleseyConscious Compensation: The Impact Compensation Blog

  This week’s headline-of-the week in equity compensation and human resources circles is the story of the founder of Chobani (the yogurt company) granting shares to all 2,000 employees of the company.  This headline arrives timely in the midst of the presidential election themes of income inequality and various pay “gaps” (i.e., the purported “gender pay gap“); the looming public … Read More

Conscious Compensation® Principles: Easy to Understand for All Stakeholders

Fred WhittleseyConscious Compensation: The Impact Compensation Blog

  One of the twelve principles of Conscious Compensation®, as they stand today (and are continually evolving) is that compensation should be “easy to understand for all stakeholders”: No compensation program should be so complex that stakeholders with a typical level of business knowledge are unable to understand the program.  Bankers, suppliers, customers, and employees all receive compensation from their … Read More

Conscious Compensation® Update

Fred WhittleseyConscious Compensation: The Impact Compensation Blog

  As a conscious company, Compensation Venture Group chooses its suppliers with consideration of sustainability and impact factors.  Airfare is our single largest expense category and we are fortunate to have a conscious, responsible company headquartered here in Seattle as our provider of air travel. From the company’s website: “Following Thursday’s record  fourth quarter and full-year earnings announcement, employees at Alaska … Read More

Burn the ISS Burn Rate Table and Help Fix Income Inequality

Fred WhittleseyConscious Compensation: The Impact Compensation Blog, Effective Equity: The Equity Compensation Blog

“62 People Own As Much As Half of the Global Population” – that’s a catchy headline.  Maybe correct, maybe not, but likely conceptually correct.  An increasingly small number of people own an increasingly large proportion of the financial wealth in the world. I suspect that any of the compensation survey firms could perform a similar calculation about the collective compensation … Read More

Working at Dick’s is a Family Affair

Fred WhittleseyConscious Compensation: The Impact Compensation Blog

In memory of Dick Spady, co-founder of Dick’s Drive-In, I am highlighting his company’s history of what many deem to be “new” ideas in employee compensation and benefits. Dick’s was founded in 1954 in the Seattle area and now has six locations.  They have a rigid business model – no special orders on burgers, no substitutions, and a little cup of ketchup … Read More

The Theology of Pay

Fred WhittleseyConscious Compensation: The Impact Compensation Blog, Uncategorized

Compensation, as a news topic, has worked its way from the Business section to the Front Page (where there are still pages).  For example, the Seattle Times did its annual story on executive pay, in the Business section, but the Sunday front page (full disclosure, I was quoted) carried the headline “As pay raises increase for Northwest CEOs, so does income … Read More

Etsy IPO: B Corp, but are they really any different?

Fred WhittleseyConscious Compensation: The Impact Compensation Blog

The B Corp world is buzzing about Etsy’s S-1 filing, and the first B Corp IPO.  I, as a compensation expert, always wonder if B Corp’s really pay their people any differently and consistently with the values of B Corps and Conscious Capitalism.   Here’s Etsy’s necessary disclosure about their B Corp status: We are a Certified B Corporation. The term … Read More

Aetna Pay Raise Rationale Cites Turnover Cost – Finally!

Fred WhittleseyConscious Compensation: The Impact Compensation Blog

Today”s Wall Street Journal reports that the CEO of Aetna expects a “groundswell” in employee pay increases this year. Aetna announced in January that it would increase employee base pay to a minimum of $16 per hour, leapfrogging the new rates announced by Wal-Mart, McDonald’s, and T.J. Maxx. The discussion about the motives of these companies’ moves to increase compensation … Read More

The Gender Pay Gap Solution

Fred WhittleseyConscious Compensation: The Impact Compensation Blog, Pay and Performance: The Compensation Blog

01-April-2015 There has been a proliferation of stories in the media about the so-called “gender pay gap” – a label for the observation that a given sample of male workers receives more annual salary and wages than a given sample of female workers. This has gone beyond the business media and become a pop culture topic. Here’s a recap of … Read More