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Sunday, July 25, 2021

Power Shift to Employees?

Tech Pay Survey Shows Power Shift to Employees, By The Information, July 23, 2021

The technology-business boom is giving white-collar workers more leverage with employers.

At tech companies, the traditional practice of allowing employees' shares to vest only after a worker reaches a full year of employment appears to be eroding. More than 20% of surveyed managers and employees said their stock begins to vest right away or after the end of their third month of employment.

The findings from a survey about compensation and workplace practices show how the balance of power has started to shift toward employees amid the surge of capital for startups and record earnings of bigger companies.

Separately, the majority of respondents said their companies rarely use hiring practices that are shown to improve diversity ....

From The Information  

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