Big data's role in the global economy is transforming businesses and driving growth. By 2020, experts predict that there will be more than 2.7 million big data and analytics jobs open to qualified individuals--that's 400,000 more positions than there are today. This urgent need for skilled professionals is the primary reason that big data careers pay big money: These qualified professionals with specific skill sets and experience aren't easy to find. Salaries for big data careers are increasing just as quickly as the demand for skilled professionals. Many of these jobs report compensation well into the six-figure range and above market pay in order to compete in the talent war, according to research from IT jobs site Robert Half Technology (RHT).
We get it: You don't want to spend thousands of dollars on college unless you're sure you'll be earning it back right after graduation. Tuition and fees at an in-state, public university now cost an average of 9,410, and if you go out of state you'll pay double that. So how do you make sure you're making the right choice? Consider these rankings from PayScale, a company that collects information about compensation, which looked at factors like institution type, major and job level after graduation. It found the No. 1 school for return on investment was the California Institute of Technology in Pasadena, followed by the Massachusetts Institute of Technology in Cambridge and Harvey Mudd College in Claremont, California.
The Japan Business Federation, or Keidanren, plans to call on member companies to raise wages in line with individual workers' roles and performance instead of doing so across the board, sources said Tuesday. The policy is slated to be included in Keidanren's management-side guidelines for next year's shuntō spring wage talks. The draft guidelines call for efforts to carry out pay raises on the basis of performance and duties, while leaving blanket pay-scale increases as an option for companies seeing favorable business performance. They also emphasize that companies seeing major downturns in earnings due to the coronavirus crisis should "prioritize business continuity and employment protection" in discussions with the labor side. After further discussions, Keidanren will adopt the guidelines in January next year, informed sources said.
NEW YORK – When people of color ask for raises, they're a lot less likely than white workers to get the salary bump they request, according to a new study by PayScale, a firm that analyzes compensation data. Women of color, a group that includes African-Americans, Asians, Hispanics and other nonwhite people, are 19 percent less likely than white men to get the raise they ask for, according to the survey of about 160,000 respondents. Nonwhite men were 25 percent more likely to be turned down for a salary increase. "Everyone's asking, but they're getting different answers," said Lydia Frank, vice president of content strategy at PayScale. "I think with the current climate in this country and the systemic racism that we've seen in other areas, I don't think it's terribly surprising."
Prime Minister Shinzo Abe on Wednesday asked business leaders to agree to pay hikes in next spring's shunto wage talks as the Japanese economy struggles to beat chronic deflation. It is the fourth straight year that Abe has made the request to company executives. Despite years of efforts under his Abenomics policy mix, Abe, who took office in 2012, has yet to fully create a virtuous cycle of wage growth and robust consumer spending in Japan. "I hope to see wage hikes that would be at least on a par with this year," Abe told a meeting held at the Prime Minister's Office in Tokyo attended by business leaders. "I'd like to ask for pay-scale increases," Abe said.