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

Mandatory Paid Time Off: Microsoft’s Idea for Your Company’s Benefits Program

Fred WhittleseyConscious Compensation: The Impact Compensation Blog

Last year, Microsoft’s then-new CEO Satya Nadella made an early misstep when he said that female employees should not ask for a pay increase but should “trust the system” and that would result in “good karma” – for which he apologized a few hours later in an email to all Microsoft employees. Contrast that with today’s announcement that Microsoft will require … Read More

Wal-Mart: Employees up $1 billion, shareholders down $9 billion

Fred WhittleseyConscious Compensation: The Impact Compensation Blog

Just yesterday I told a client of mine from the retail sector that the big news in retail hourly employee compensation was the continuing executive compensation controversy – soon to be further fueled by the publication of CEO Pay Ratios, which will be most extreme in the retail and hospitality sectors – and the migration of the theme to “income … Read More

Conscious Compensation at Conscious Capitalism 2014 Conference

Fred WhittleseyConscious Compensation: The Impact Compensation Blog0 Comments

At the Conscious Capitalism 2013 conference there was little discussion about compensation.  There were a few specific examples – complete pay transparency and executive pay caps at Whole Foods Markets, for example – but no unified concept of how companies’ pay practices support, or don’t support, the principles of Conscious Capitalism. Over the past year I’ve worked to develop and … Read More

Below the Radar – How Conscious Compensation Looks in Real Life

Fred WhittleseyConscious Compensation: The Impact Compensation Blog0 Comments

Conscious Compensation® ideas appeal to many, offend others, and are scoffed at by some. The most difficult part of the conversation is the pragmatic aspect:  Even if you agree with the principles put forth by the various organizations advocating the principles underlying Conscious Compensation®, the typical opposition is that it is idealistic and unworkable.In a global economy based on capitalism, and … Read More

What’s Wrong with the “S” in “Total Shareholder Return”

Fred WhittleseyConscious Compensation: The Impact Compensation Blog0 Comments

We are caught in a zeitgeist that promotes Total Shareholder Return – the increase in a company’s stock price plus dividend payments over a defined period of time – as the most important, and perhaps only important, measure of a company’s success.  This, in turn, is applied by external observers of and advisers on assessments of executive compensation and corporate governance as the … Read More

Conscious Compensation®: Solution for Old Problems

Fred WhittleseyConscious Compensation: The Impact Compensation Blog0 Comments

With the new year upon us and “proxy season” on its way, we can expect to hear some familiar refrains about executive pay. Maybe something like this:”…corporate profits rose 108 percent, and CEO pay rose 481 percent, but the average worker’s pay rose just 28 percent (during the 8-year period), barely more than inflation…” “…pushing the average large company CEO … Read More