Here are the highest-paying companies in the UK this year, according to Glassdoor

To compile, Glassdoor analyzed median total compensation packages published on its site for various companies — including base salary and other types of compensation — from reports by U.K.-based employees. Here are the 25 highest-paying businesses in the U.K. (figures used are the median total compensations, per year):Top 25 highest-paying businesses:10. On Glassdoor, employees praise the group’s motivational mission and culture, while over 90% of British Googlers would recommend it to friends.


To compile, Glassdoor analyzed median total compensation packages published on its site for various companies — including base salary and other types of compensation — from reports by U.K.-based employees. Here are the 25 highest-paying businesses in the U.K. (figures used are the median total compensations, per year):Top 25 highest-paying businesses:10. On Glassdoor, employees praise the group’s motivational mission and culture, while over 90% of British Googlers would recommend it to friends.
Here are the highest-paying companies in the UK this year, according to Glassdoor Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-23  Authors: alexandra gibbs
Keywords: news, cnbc, companies, compensation, highestpaying, total, uk, base, reviews, glassdoor, including, working, employees, according, companies, salary


Here are the highest-paying companies in the UK this year, according to Glassdoor

For Britons looking to secure their next job, it might be worth considering a career in finance or technology, as that’s where the large salaries and bonuses are, according to new research. In Glassdoor’s latest U.K. list of highest-paying companies, U.S. tech firms and European lenders heavily populate the rankings, with banks securing three of the top five spots. “It is no surprise that multinational tech and finance firms dominate the list, given that both industries compete fiercely for talent,” said John Lamphiere, EMEA Managing Director at Glassdoor, in a statement. “While salary and bonuses might get people in the door, it is more likely to be culture and career progression that help people stick around in the long term.” To compile, Glassdoor analyzed median total compensation packages published on its site for various companies — including base salary and other types of compensation — from reports by U.K.-based employees. To be eligible, a business had to have received at least 30 salary reports by U.K. workers during March 2018 and February 2019. Here are the 25 highest-paying businesses in the U.K. (figures used are the median total compensations, per year):

Top 25 highest-paying businesses:

10. Google

Median Total Compensation: £78,000

Median Base Salary: £62,500 With offices located in Manchester and London, Google also has a Campus space in the English capital, for up-and-coming start-ups and entrepreneurs. On Glassdoor, employees praise the group’s motivational mission and culture, while over 90% of British Googlers would recommend it to friends.

Google signage. NurPhoto | Getty Images

9. UBS

Median Total Compensation: £79,000

Median Base Salary: £75,000 UBS currently operates in over 50 nations, with over half of its 68,000-plus employees working in the EMEA region and its home market of Switzerland. With a desire to encourage internal mobility within its workforce, UBS has an eponymous university, where staff can access leadership programs and over 2,400 trainings. Regarding advice to employees, CEO Sergio Ermotti says that it’s now more important than ever to adapt and be flexible, so staff can acclimatize to new developments.

8. Oracle

Median Total Compensation: £80,000

Median Base Salary: £66,250 When it comes to hiring, Oracle has 10 values that it encourages its employees to abide by, including striving for excellence, treating others fairly and respectfully, and always seeking to innovate. Yet that’s not all. The company aspires to encourage workers to undertake volunteering opportunities, while projecting a business that promotes sustainability, education and giving back — with Oracle donating millions to charity every year.

7. Dell

Median Total Compensation: £84,825

Median Base Salary: £62,500 The computer tech giant is located in several U.K. places, including Belfast, Bracknell and Edinburgh; in addition to offering flexible working opportunities. Aside from flexibility, on its reviews page, staff praise Dell’s learning opportunities and people they work with, while others do warn that it’s a fast-moving environment.

Visitors walks around the Dell stand at the world’s biggest high-tech fair, the CeBIT on March 4, 2010 in the northern German city of Hanover. NIGEL TREBLIN | DDP | Getty Images

6. Salesforce

Median Total Compensation: £85,000

Median Base Salary: £66,806 At the heart of this software behemoth is Salesforce’s “Ohana ” culture, which is propped up by four values: trust, innovation, equality and growth. With around 30,000 employees, Salesforce is able to support over 150,000 businesses, including Schneider Electric and T-Mobile. In Glassdoor’s 2019 “Top Companies” rankings, Salesforce came in fifth place in Britain. Employee reviews indicate that it offers a strong working environment, with attentive senior management and opportunities for those who want to flourish.

5. Standard Chartered

Median Total Compensation: £85,000

Median Base Salary: £76,000 When it comes to the stock market world, Standard Chartered is considered as one of the top 100 largest businesses currently listed on the London Stock Exchange and is also registered on two of Asia’s biggest exchanges. With over 1,000 branches worldwide and its footprint present in 60 markets, the lender has hired more than 86,000 people to keep business afloat. Regarding benefits, not only are there competitive salaries, staff get perks like retirement savings, life insurance and volunteering leave.

4. Facebook

Median Total Compensation: £89,000

Median Base Salary: £74,000 Despite the social media giant’s turbulent past year, regarding user data and misinformation, Facebook still ranks highly on Glassdoor’s U.K. salary ranking. According to the recruiter, the average Brit receives a total salary and bonus package of £89,000, on top of benefits like competitive retirement plans and various training programs. Reviews on Glassdoor suggest that Facebook’s offices are well-designed and equipped, while others note that it’s a very hardworking, competitive environment.

The Facebook logo is seen on an Apple iPhone. Jaap Arriens | NurPhoto | Getty Images

3. Deutsche Bank

Median Total Compensation: £89,500

Median Base Salary: £80,000 While Deutsche Bank has been dealing with various issues in recent years — like management reshuffles, merger speculation and DOJ settlements — the bank is a top performer in U.K. salary offerings. Ranking third, with an average total compensation package of £89,500, the German lender offers a range of roles, including those in legal, marketing, and technology. Reviews on Glassdoor indicate that Deutsche Bank provides decent benefits and work-life balance, while some U.K. workers suggest that securing a pay rise can take time.

2. SAP

Median Total Compensation: £90,000

Median Base Salary: £66,000 U.S. companies may dominate the top 10 on the tech side, yet it seems that a German software business has emerged victorious when it comes to salaries. SAP operates in over 130 countries and looks for self-motivated, reliable individuals who “think big and dream big.” In return, SAP offers benefits like health care coverage, flexible working and volunteer opportunities, all whilst investing millions in career development. On top of that, it made a frequent appearance on Glassdoor’s “Top Companies” lists of 2019, with SAP placing eighth in Britain’s ranking.

1. Credit Suisse

Median Total Compensation: £90,000

Median Base Salary: £82,000 As a major wealth manager, Switzerland’s Credit Suisse is a firm favorite when it comes to U.K. wages. According to Glassdoor, the median total compensation package for a typical Credit Suisse employee in Britain comes in at £90,000, matching SAP, but with a higher base salary average. With a global workforce of over 45,000, Credit Suisse states that its “most important asset ” is its employees and their success. On Glassdoor, U.K. employee reviews indicate that the bank offers a great culture with friendly, engaged employees, along with various benefits including flexible working and health care.

Credit Suisse Stefano Rellandini | Reuters


Company: cnbc, Activity: cnbc, Date: 2019-05-23  Authors: alexandra gibbs
Keywords: news, cnbc, companies, compensation, highestpaying, total, uk, base, reviews, glassdoor, including, working, employees, according, companies, salary


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Understanding Chemical-Biological Interaction

What is a new in 2017? PASS Refined comprises biological activities that are the most important for medicinal chemists, pharmacologists and doctors. We are working on the integration of our predictive services, to allow you either select the set of activities of interest or to get prediction of all activities/properties in one click. One will be able to choose:


What is a new in 2017? PASS Refined comprises biological activities that are the most important for medicinal chemists, pharmacologists and doctors. We are working on the integration of our predictive services, to allow you either select the set of activities of interest or to get prediction of all activities/properties in one click. One will be able to choose:
Understanding Chemical-Biological Interaction Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-22
Keywords: news, cnbc, companies, pharmacologists, working, medicinal, chemicalbiological, understanding, predictive, select, refined, activities, set, services, interaction, prediction


What is a new in 2017?

PASS Refined comprises biological activities that are the most important for medicinal chemists, pharmacologists and doctors.

We are working on the integration of our predictive services, to allow you either select the set of activities of interest or to get prediction of all activities/properties in one click. One will be able to choose:


Company: cnbc, Activity: cnbc, Date: 2019-05-22
Keywords: news, cnbc, companies, pharmacologists, working, medicinal, chemicalbiological, understanding, predictive, select, refined, activities, set, services, interaction, prediction


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Understanding Chemical-Biological Interaction

What is a new in 2017? PASS Refined comprises biological activities that are the most important for medicinal chemists, pharmacologists and doctors. We are working on the integration of our predictive services, to allow you either select the set of activities of interest or to get prediction of all activities/properties in one click. One will be able to choose:


What is a new in 2017? PASS Refined comprises biological activities that are the most important for medicinal chemists, pharmacologists and doctors. We are working on the integration of our predictive services, to allow you either select the set of activities of interest or to get prediction of all activities/properties in one click. One will be able to choose:
Understanding Chemical-Biological Interaction Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-20
Keywords: news, cnbc, companies, activities, interaction, chemicalbiological, services, working, pharmacologists, understanding, predictive, prediction, refined, select, medicinal, set


What is a new in 2017?

PASS Refined comprises biological activities that are the most important for medicinal chemists, pharmacologists and doctors.

We are working on the integration of our predictive services, to allow you either select the set of activities of interest or to get prediction of all activities/properties in one click. One will be able to choose:


Company: cnbc, Activity: cnbc, Date: 2019-05-20
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The cost of your shoes could jump thanks to the US-China trade war

The cost of your sneakers or high heels could soon jump, thanks to another round of tariffs under consideration by the Trump administration as part of an ongoing trade war with China. The list includes footwear — everything from sneakers to sandals, golf shoes, rain boots and ski shoes. Should the tariff increase ultimately take effect, analysts say consumers would feel the brunt of the impact. FDRA said a popular type of canvas “skate” sneaker, currently retailing at $49.99, with a 25% tariff,


The cost of your sneakers or high heels could soon jump, thanks to another round of tariffs under consideration by the Trump administration as part of an ongoing trade war with China. The list includes footwear — everything from sneakers to sandals, golf shoes, rain boots and ski shoes. Should the tariff increase ultimately take effect, analysts say consumers would feel the brunt of the impact. FDRA said a popular type of canvas “skate” sneaker, currently retailing at $49.99, with a 25% tariff,
The cost of your shoes could jump thanks to the US-China trade war Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: lauren thomas
Keywords: news, cnbc, companies, war, footwear, billion, jump, shoes, increase, trade, thanks, tariff, cost, tariffs, 25, china, working, uschina


The cost of your shoes could jump thanks to the US-China trade war

The cost of your sneakers or high heels could soon jump, thanks to another round of tariffs under consideration by the Trump administration as part of an ongoing trade war with China.

The White House on Monday released a fresh list of about $300 billion in Chinese goods that could get hit with 25% tariffs, if President Donald Trump decides to move forward with his threat. The list includes footwear — everything from sneakers to sandals, golf shoes, rain boots and ski shoes.

Should the tariff increase ultimately take effect, analysts say consumers would feel the brunt of the impact. And the American footwear industry is particularly dependent on China.

In 2017, China accounted for about 72% of all footwear imported into the U.S., according to the American Apparel and Footwear Association. The U.S. imported $11.4 billion worth of footwear from China last year, according to data from the U.S. Census Bureau.

“While brands have moved their production into other countries in Asia because labor costs are lower there, everybody is still making shoes in China,” said Matt Powell, a sports analyst for NPD Group. “The Chinese have years of expertise. They tend to be the best at making high-value product.”

Both Nike and Adidas — the top two sneaker makers in the U.S. by sales — have steadily been easing their reliance on China, shifting production to Vietnam instead. Both companies declined to comment when reached by CNBC.

Puma has said it’s working to do more of the same. But China still dominates when it comes to footwear manufacturing.

“For a lot of working families who buy shoes at Walmart, Target and these other retailers … a ton of volume runs through [China], ” said Matt Priest, the president and CEO of the Footwear Distributors and Retailers of America, a trade organization. The proposed tariffs on footwear “are concerning to say the least,” he said. “It’s every single type of shoe.”

FDRA said a popular type of canvas “skate” sneaker, currently retailing at $49.99, with a 25% tariff, could increase to $65.57. The price of a typical hunting boot would increase from $190 to $248.56. And a popular performance running shoe could jump from $150 to $206.25, FDRA said.

Ultimately, a 25% tariff on footwear could cost shoppers more than $7 billion each year, Priest said — what he called a “conservative” estimate.

— CNBC’s Jessica Golden contributed to this reporting.

WATCH: Cramer explains which businesses have the most exposure to the trade war


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: lauren thomas
Keywords: news, cnbc, companies, war, footwear, billion, jump, shoes, increase, trade, thanks, tariff, cost, tariffs, 25, china, working, uschina


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The US is terrible at building high-speed rail — here’s why

How to make the switch from a two-income household to just oneWhatever the reason a working couple is considering going from two incomes to one, this decision can sometimes be overwhelming and even frightening. However, as with many… Invest in You: Ready.


How to make the switch from a two-income household to just oneWhatever the reason a working couple is considering going from two incomes to one, this decision can sometimes be overwhelming and even frightening. However, as with many… Invest in You: Ready.
The US is terrible at building high-speed rail — here’s why Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-07  Authors: jeniece pettitt adam isaak, jeniece pettitt, adam isaak
Keywords: news, cnbc, companies, switch, rail, ready, working, set, incomes, overwhelming, terrible, manyinvest, highspeed, building, onewhatever, heres, reason, twoincome


The US is terrible at building high-speed rail — here's why

How to make the switch from a two-income household to just one

Whatever the reason a working couple is considering going from two incomes to one, this decision can sometimes be overwhelming and even frightening. However, as with many…

Invest in You: Ready. Set. Grow.

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Company: cnbc, Activity: cnbc, Date: 2019-05-07  Authors: jeniece pettitt adam isaak, jeniece pettitt, adam isaak
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Understanding Chemical-Biological Interaction

What is a new in 2017? PASS Refined comprises biological activities that are the most important for medicinal chemists, pharmacologists and doctors. We are working on the integration of our predictive services, to allow you either select the set of activities of interest or to get prediction of all activities/properties in one click. One will be able to choose:


What is a new in 2017? PASS Refined comprises biological activities that are the most important for medicinal chemists, pharmacologists and doctors. We are working on the integration of our predictive services, to allow you either select the set of activities of interest or to get prediction of all activities/properties in one click. One will be able to choose:
Understanding Chemical-Biological Interaction Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-06
Keywords: news, cnbc, companies, predictive, refined, working, chemicalbiological, understanding, interaction, set, select, prediction, activities, pharmacologists, medicinal, services


What is a new in 2017?

PASS Refined comprises biological activities that are the most important for medicinal chemists, pharmacologists and doctors.

We are working on the integration of our predictive services, to allow you either select the set of activities of interest or to get prediction of all activities/properties in one click. One will be able to choose:


Company: cnbc, Activity: cnbc, Date: 2019-05-06
Keywords: news, cnbc, companies, predictive, refined, working, chemicalbiological, understanding, interaction, set, select, prediction, activities, pharmacologists, medicinal, services


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Mark Cuban says this $25-an-hour gig was his ‘best job ever’

It’s not often you hear a billionaire openly wish to go back to making an hourly wage. But Mark Cuban says the “best job” he ever had came during his college days, and it paid him $25 an hour. “I got paid $25 an hour back then to teach [disco] dancing to sororities,” Cuban told Rome. “It was the best job ever.” I’d take that job now,” Cuban said.


It’s not often you hear a billionaire openly wish to go back to making an hourly wage. But Mark Cuban says the “best job” he ever had came during his college days, and it paid him $25 an hour. “I got paid $25 an hour back then to teach [disco] dancing to sororities,” Cuban told Rome. “It was the best job ever.” I’d take that job now,” Cuban said.
Mark Cuban says this $25-an-hour gig was his ‘best job ever’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: tom huddleston jr
Keywords: news, cnbc, companies, best, paid, wage, job, working, hour, billionaire, dancing, 25anhour, mark, 25, gig, cuban, minimum


Mark Cuban says this $25-an-hour gig was his 'best job ever'

It’s not often you hear a billionaire openly wish to go back to making an hourly wage. But Mark Cuban says the “best job” he ever had came during his college days, and it paid him $25 an hour.

Cuban, the billionaire owner of the Dallas Mavericks and star of ABC’s “Shark Tank,” recently discussed the long list of side-jobs he took to pay his way through school on a podcast with host Jim Rome.

“I think I invented the word ‘side-hustle,'” Cuban said.

But while Cuban held a lot of different jobs — from selling garbage bags as a kid to working in a bar while at while at Indiana University — the billionaire says one still stands out as the best.

“I got paid $25 an hour back then to teach [disco] dancing to sororities,” Cuban told Rome. “It was the best job ever.”

Cuban (who showed off his dancing skills on the fifth season of ABC’s “Dancing with the Stars”) even thinks that would still be a pretty desirable job today, which might not be surprising, especially considering the fact that the federal minimum wage is currently just $7.25 per hour (though it’s higher in some states, and Congress is working on increasing the minimum to $15 an hour).

“I mean, $25 an hour, are you kidding me? I’d take that job now,” Cuban said.


Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: tom huddleston jr
Keywords: news, cnbc, companies, best, paid, wage, job, working, hour, billionaire, dancing, 25anhour, mark, 25, gig, cuban, minimum


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Understanding Chemical-Biological Interaction

What is a new in 2017? PASS Refined comprises biological activities that are the most important for medicinal chemists, pharmacologists and doctors. We are working on the integration of our predictive services, to allow you either select the set of activities of interest or to get prediction of all activities/properties in one click. One will be able to choose:


What is a new in 2017? PASS Refined comprises biological activities that are the most important for medicinal chemists, pharmacologists and doctors. We are working on the integration of our predictive services, to allow you either select the set of activities of interest or to get prediction of all activities/properties in one click. One will be able to choose:
Understanding Chemical-Biological Interaction Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-03
Keywords: news, cnbc, companies, services, prediction, working, understanding, set, interaction, predictive, pharmacologists, select, chemicalbiological, refined, medicinal, activities


What is a new in 2017?

PASS Refined comprises biological activities that are the most important for medicinal chemists, pharmacologists and doctors.

We are working on the integration of our predictive services, to allow you either select the set of activities of interest or to get prediction of all activities/properties in one click. One will be able to choose:


Company: cnbc, Activity: cnbc, Date: 2019-05-03
Keywords: news, cnbc, companies, services, prediction, working, understanding, set, interaction, predictive, pharmacologists, select, chemicalbiological, refined, medicinal, activities


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Why working into old age may not salvage your retirement

For each year you delay Social Security, up until age 70, you get an 8% increase in your benefit check. People may not be aware that Social Security offers disability insurance, but going through it to get those payments is a long process. Another 12% of the people surveyed reported such a condition by age 63, and another 10% said they experienced this by age 67. Here’s the catch with Social Security disability coverage: Qualifying for it is very difficult. Insurance companies also offer supplem


For each year you delay Social Security, up until age 70, you get an 8% increase in your benefit check. People may not be aware that Social Security offers disability insurance, but going through it to get those payments is a long process. Another 12% of the people surveyed reported such a condition by age 63, and another 10% said they experienced this by age 67. Here’s the catch with Social Security disability coverage: Qualifying for it is very difficult. Insurance companies also offer supplem
Why working into old age may not salvage your retirement Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: darla mercado
Keywords: news, cnbc, companies, disability, workers, age, benefits, social, work, financial, condition, security, old, salvage, insurance, working, retirement


Why working into old age may not salvage your retirement

Photo by Hero Images via Getty Images

When it comes to shoring up your retirement savings, “work longer” isn’t always the right answer. There’s no denying that staying at work has its perks. For instance, employees who are 50 and older can defer the maximum $19,000 into a 401(k), plus the catch-up contribution of $6,000 this year. In addition, pre-retirees can boost their retirement income by opting to remain in the workforce a little longer. For each year you delay Social Security, up until age 70, you get an 8% increase in your benefit check. But not everyone can continue to punch in — and those who curtail their careers due to health conditions take a hit to their retirement security.

People may not be aware that Social Security offers disability insurance, but going through it to get those payments is a long process. Niv Persaud certified financial planner at Transition Planning & Guidance

Indeed, 3 out of 4 Americans aged 65 and over have multiple chronic conditions, which can include diabetes, high blood pressure and arthritis, according to the Centers for Disease Control and Prevention. These ailments threaten older people’s finances when they are forced to cut their hours or stop working altogether. A recent study from Mathematica’s Center for Studying Disability Policy found that newly disabled workers in their 50s and early 60s see their earnings decline by an average of 50% two years after they develop their condition. “People don’t think about disability being a possibility; they think about short-term medical bills,” said Josh Nelson, a certified financial planner and founder of Keystone Financial Services in Loveland, Colorado.

A crimp on earnings

The Mathematica study examined 3,105 individuals who were born between 1931 and 1947, following them over the course of about 20 years. About 14% of the participants experienced a work-limiting health condition by age 59. Another 12% of the people surveyed reported such a condition by age 63, and another 10% said they experienced this by age 67. The study found that individuals who experienced these health problems were more likely to exit the workplace early. For instance, at age 59, participants with conditions that affected their work were about 2.5 times more likely to stop working, compared to healthier peers. Though federal disability and retirement benefits help affected workers to make up for some of their lost earnings, it doesn’t fully replace what those workers were making, the study found.

Disability coverage

Izabela Habur | Getty Images

Social Security’s disability insurance provides infirm workers with a financial backstop in the event they’re no longer able to earn a living. In order to qualify, you must have been working for at least 10 years. However, younger workers may qualify for benefits with less time. Here’s the catch with Social Security disability coverage: Qualifying for it is very difficult. More from Personal Finance:

Consumer watchdog sues two credit-repair firms

Older workers haven’t seen a raise. Here’s why

Here’s how motherhood affects your income There’s a five-question process the agency uses to vet applicants, including determining whether the condition is so severe that it keeps an individual from performing any work. Even if you do qualify for Social Security disability, you won’t receive benefits until the sixth full month after the date your condition began. “People may not be aware that Social Security offers disability insurance, but going through it to get those payments is a long process,” said Niv Persaud, a certified financial planner at Transition Planning & Guidance in Atlanta.

Bolstering income

courtneyk | iStock | Getty Images

Nobody ever anticipates becoming disabled, but there are steps you can take prior to a health emergency to protect your income. That starts with purchasing disability insurance, either individually if you run your own business or at work through your employee benefits package.

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Standard disability coverage generally replaces up to 60% of your earnings for specified period of time. The benefits generally run for three to six months for short-term disability plans, or they can last for as long as five years or up to age 65 for long-term disability coverage. Insurance companies also offer supplemental disability insurance to help cover additional income needs that might otherwise not be covered by your standard disability policy. An emergency fund can also help fill in the gaps. How your proceeds are taxed will vary based on who’s paying the premiums. If your employer pays, any benefits you receive will be taxable. Employees who pay for coverage using after-tax dollars will get their benefits tax-free. However, if they pay the premiums with pretax money, then their benefits are taxable.

Dig into the details

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Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: darla mercado
Keywords: news, cnbc, companies, disability, workers, age, benefits, social, work, financial, condition, security, old, salvage, insurance, working, retirement


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Young or old, it’s a good time to get a job

Young or old, it’s a good time to get a job. Those armed with a newly minted diploma will enter a job market with unemployment near the lowest level in 50 years and job prospects up significantly from just last year. This also marks the first time since 2011 that hiring projections are in the double digits, the group said. In addition, many offers pay better than they did last year in nearly every degree category, ranging from business to social sciences. Those job seekers are more likely to be


Young or old, it’s a good time to get a job. Those armed with a newly minted diploma will enter a job market with unemployment near the lowest level in 50 years and job prospects up significantly from just last year. This also marks the first time since 2011 that hiring projections are in the double digits, the group said. In addition, many offers pay better than they did last year in nearly every degree category, ranging from business to social sciences. Those job seekers are more likely to be
Young or old, it’s a good time to get a job Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: sharon epperson jessica dickler, sharon epperson, jessica dickler
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Young or old, it's a good time to get a job

Young or old, it’s a good time to get a job.

Those armed with a newly minted diploma will enter a job market with unemployment near the lowest level in 50 years and job prospects up significantly from just last year.

Employers plan to hire nearly 11% more graduates from the Class of 2019 than they did from the Class of ’18, according to a recent survey by the National Association of Colleges and Employers. This also marks the first time since 2011 that hiring projections are in the double digits, the group said.

In addition, many offers pay better than they did last year in nearly every degree category, ranging from business to social sciences.

Once again, STEM degree holders are projected to earn the most overall as the demand for workers in science, technology, engineering and math occupations continues to increase, the association said.

Engineering was the top paid major this year, with an average starting salary of $69,188, followed by computer science and math. In 2018, grads earned an overall average of $51,022.

Even though a new generation is starting to enter the working world, employees age 65 and older are still the fastest-growing segment of the workforce, according to the Bureau of Labor Statistics. Among 65- to 74-year-olds, labor force participation is predicted to hit 32% by 2022, up from 20% in 2002. At age 75 and older, the rate will jump to 11% from 5% over the same time period.

Whether they have not saved enough money or because they prefer to work, nearly 3 in 4 Americans are actively seeking employment beyond traditional retirement age on at least a part-time basis, according to a Gallup poll.

A separate AARP study found that 37 percent of working Americans ages 50 to 64 said they intend to work after retiring from their current careers. Of those, 44 percent plan to enter new fields.

Those job seekers are more likely to be in management, legal and community or social service occupations than the overall workforce and less likely to be in computer and mathematical, food preparation and construction-related occupations, according to Pew Research Center.

Regardless of your age or position, when it comes to landing a sought-after gig in today’s market, networking is still your best bet, experts say.

“Relationships follow you everywhere, ” said Caroline Ceniza-Levine, a career expert and co-founder of career coaching firm SixFigureStart.

Nearly two-thirds of hiring managers cited employee referrals as the most successful source for top applicants, yet only 48% of employees invest time to nurture job referrals, according to a Randstad and Future Workplace survey of 1,200 managers and employees.

“It’s still about who you know even early in your career,” Ceniza-Levine said.

More from Invest in You:

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Here’s what it takes to become a 401(k) millionaire

Check out 4 Money Lessons Everyone Should Know by Age 25 via Grow with Acorns+CNBC.

Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.


Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: sharon epperson jessica dickler, sharon epperson, jessica dickler
Keywords: news, cnbc, companies, job, age, nearly, good, workforce, old, career, working, occupations, overall, young, according, enter


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