Determine Your Worth

What is Base Salary? (With Examples)

When you as an employee are analyzing the comprehensive compensation package associated with a potential job opportunity, it’s crucial to gain a clear understanding of the base salary, often referred to as base pay. For individuals searching for the meaning of “base salary” or wondering, “What does base pay mean?”, here we’ll provide valuable insights […]

What Is Annual Income? (With Examples)

Your annual income is a key piece of information that will help you make your budget, apply for loans, and pay your taxes. Whether you need to calculate it for your business or your personal finances, it’s important to understand all that’s included in your annual income. In this article, we’ll explain what an annual […]

What Is The Average Salary In The US?

Research Summary. The average salary in the U.S. continues increasing every year and currently sits at a mean of $61,900 per year. However, what an individual earns fluctuates depending on multiple factors, including age, gender, education level, occupation, and race. After extensive research, our data analysis team concluded: The weekly median wage in the U.S. […]

What Is The Average Work Hours Per Week In The US? [2023]

The average American adult works 38.7 hours per week. That works out to 7.74 hours per weekday and 2012.4 hours per year. They say if you do what you love, you’ll never work a day in your life. For everyone else, it’s estimated that you’ll work 90,000 hours throughout your lifetime. That works out to […]

How Many Work Hours Are In A Year? [2023]

Research Summary. Americans work longer hours than most people in the Western world, but there is a discrepancy between work hours in the year and the average amount that people actually work. How many work hours are in a year? For a typical employee who works a 40-hour workweek, 52 weeks a year, there are […]

Minimum Wage For Employees Who Earn Tips

Complying with minimum wage laws can be complicated if your employees regularly earn tips on the job. There are a variety of separate federal and state rules that depend on several different factors. In this article, we’ll discuss how minimum wage regulations for tipped employees differ based on several of these major factors, such as […]

How To Include Your Salary History

Somewhere throughout the job search process, you might be asked to provide your salary history. This could be a question on the job application or one asked directly by your prospective employer during an interview. You might feel some anxiety when the question presents itself, and that’s a perfectly valid response to this very touchy […]

Salary Range: What Is It And How Does It Work?

Salary ranges are quite common across all industries. You may have seen them on job descriptions or with information regarding certain careers. Salary ranges are a useful tool that applicants, employees, and employers can all use to their benefit. Key Takeaways: A salary range is a spectrum of salaries expected for a position and provides […]

How Many Hours Can A Minor Work?

If your teen wants a job to start saving money for college or so they can just have some spending money for the mall, they aren’t the only ones. But young is too young to work? The Fair Labor Standards ACT (FLSA) states that minors can begin working at the age of 14, although some […]

Gross Pay Vs. Net Pay: What’s The Difference? (With Examples)

If you haven’t already, you’ll quickly learn that there is a significant difference between the amount of money your employer pays you and the amount you get to take home at the end of the day. These two numbers are called gross pay and net pay, and it’s important to understand the difference between the […]

Salary Vs. Hourly Pay: Key Differences

Most employees receive either a salary or an hourly wage. There are a few differences between these types of positions, and there are advantages and disadvantages to both. Key Takeaways: A salary is a consistent payment that are usually calculated on an annual basis. An hourly rate is the amount of money an employee receives […]

What Is Job Classification and How Does It Work?

Job classification is a system of looking at job descriptions and the duties a position requires and then categorizing them. It sounds pretty confusing and it’s not something you’d want to do by yourself – luckily there’s already a really good system of classification in place, and we’ll discuss that more later. The reason that […]

What Is Competitive Pay? (With Examples)

The language of job searching is not always straightforward. Anyone who spends time going through job postings will see one phrase pop up fairly often: competitive pay. If you’re here, you’re probably wondering what the heck that means. Offering competitive pay is one way for employers to attract and retain top talent in their industry. […]

What Is A Pay Grade And How Does It Work?

Being fairly compensated for their work is pertinent to any employee. You bring passion and diligence to your position and in return, you rely on being paid accordingly. Pay grades are commonly used to establish a satisfactory market starting salary for particular positions and fields based on various background factors of the employee. Key Takeaways: […]

Minimum Wage Rates In New York State

The minimum wage in New York State is currently set at $12.50, as of January 10, 2021. This is higher than the federal minimum wage of $7.25. However, the minimum wage in the state varies depending on various factors. In this article, we’ll discuss how New York State’s minimum wage varies between different industries, locations, […]

How Many Hours Is A Full-Time Job?

While looking for employment, it’s important to understand what jobs qualify as full-time versus part-time work. Full-time jobs often come with a host of benefits, such as healthcare insurance coverage, paid time off, and retirement plans. However, what jobs constitute as such can be unclear, as the Fair Labor Standards Act (FLSA) doesn’t legally prescribe […]

What is the Average Starting Salary for College Graduates?

You’ve got your degree and you’re ready to enter the world of work. Now the important question: how much can you expect to earn right out of college? It’s no secret that average starting salaries for college grads coming into entry-level positions depend on what you majored in, where you went to school, and where […]