Fortune 500 companies offer six-figure salaries
BUSINESS RECORD STAFF Aug 10, 2015 | 8:30 pm
1 min read time
191 wordsAll Latest News, Retail and BusinessThe best-paying 13 companies in the Standard & Poor’s 500 shell out median annual salaries to workers of $115,000, according to a USA Today analysis of data from Glassdoor.com. Glassdoor anonymously compiles self-reported pay statistics from employees.
Those companies include Juniper Network, Netflix and Yahoo.
New rules passed last week by the Securities and Exchange Commission will require companies to disclose how many times more CEOs are paid than employees. The rule is intended to give workers, companies and investors a better gauge to put CEO pay into perspective. It also gives employees and investors a way to compare pay among various industries and companies.
Getting paid $115,000 a year is certainly not the norm. Median pay averaged $68,000 a year among the 459 companies in the S&P 500 for which Glassdoor has valid pay statistics.
But several pay much more. And it looks like investors are getting what they pay for from the companies pushing the envelope on pay. An equal-weighted index of the 13 companies with the highest median pay is up 24.3 percent over the past year. That easily outperforms the S&P 500’s 8.8 percent gain during the same time.
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