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Employees could soon have more information about how their pay compares with that of their co-workers.
While public companies are already required to disclose the annual compensation for their top five executives, a rule proposed Wednesday by the Securities and Exchange Commission would also require companies to disclose how much rank-and-file employees are paid.
Regulators would need to vote on the proposed rule a second time, following Wednesday’s 3-2 vote, before it could go into effect, so it’s not clear exactly when the information would become available. But PayScale, a provider of compensation data and software, did a related analysis earlier this year, comparing the 2012 non-stock compensation for Fortune 100 CEOs with the salary data reported by U.S. employees to the PayScale website. Here’s a look at some of the companies with the highest-paid employees —based on median pay for workers, not including executives.
— By Jonnelle MarteBloomberg
Microsoft. Median annual employee pay: $110,000
The median at the Washington state-based tech firm may be on the higher end because the company hires so many software engineers and other tech specialists (typically well-paid positions), says Katie Bardaro, PayScale’s lead economist. And the firm is willing to pay a premium for its workers: When other factors like experience, education and responsibilities are taken into consideration, Microsoft pays its employees about 17% more than other large tech companies, according to an analysis by PayScale.Bloomberg
Cisco Systems. Median annual employee pay: $108,000
Similar to Microsoft, the San Jose-based networking giant is home to many highly compensated information technology workers and program managers, says Bardaro. Cisco pays its employees 9% more than what is typically offered by other large tech companies.SeanPavonePhoto / Shutterstock.com
Google and Oracle. Median annual employee pay: $102,000
Web giant Google and tech company Oracle tie when it comes to the median pay for employees. Their staffs include many Web developers, software engineers and other tech specialists, says Bardaro. But the companies stack up differently within their particular industries when other factors like education and work experience are taken into account. Google pays workers 17% more than other Internet search companies and social media sites, according to PayScale. But Oracle, when compared with companies that produce computer hardware and software, pays its workers a premium of only 3%.Bloomberg
Chevron. Median annual employee pay: $95,000
While the employees at Chevron’s gas stations might see their paychecks fall short of the median pay, the company also hires a lot of high-earning petroleum engineers and specialists, says Bardaro. Current and prospective employees looking to negotiate their pay should look for salary data specific to their positions. Chevron typically pays its employees 12% more than other energy companies, according to PayScale.Bloomberg
Fannie Mae. Median annual employee pay: $93,600
Employees of the mortgage insurance company aren’t raking inasmuch as those in the tech industry, but they aren’t far off. With a median annual employee pay of $93,600, Fannie Mae pays its workers 19% more than other companies that deal with mortgages.
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