Home » payments » Page 4
Tag:

payments

Economy

Salesforce Salaries: Median Earnings

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief

salesforce Ceo’s $55 Million Payday: A Closer Look At Tech Executive Compensation

Table of Contents

The Compensation Of Salesforce ceo Marc Benioff has drawn attention after the company’s frist-quarter earnings beat estimates, reporting an 8% year-over-year revenue increase to $9.83 billion.This news coincides with Salesforce’s recent acquisition of Informatica for $8 billion, marking its largest purchase as acquiring Slack in 2021 for $27.1 billion.

“Sometimes You Have A Quarter When Everything Is Going Right For You,” Salesforce Ceo And Board Chair Marc Benioff, 60, commented during an earnings call.

Benioff’s Compensation Details

salesforce’s 2025 Proxy Statement, released in April, revealed that Benioff’s total Compensation reached over $55 million for the fiscal year, spanning February 1, 2024, to January 31, 2025. His base salary remained steady at $1.55 million, with a bonus of $2,500, unchanged from the previous year. however,his stock awards increased by approximately $8 million,and option awards rose by over $3 million.

Notably, his $55 million package included over $4 million for personal security costs and more than half a million dollars for aircraft usage.

Disparity In Pay: Ceo Vs. Median Employee

In stark contrast to Benioff’s multi-million dollar Compensation, the median Salesforce employee earned $178,949 in total Compensation during the same fiscal year. This means Benioff made approximately 308 times more than the typical Salesforce employee. In the 2024 fiscal year, the median employee received $164,985, while Benioff’s Compensation was $39.6 million, or 240 times more.

Salesforce’s Median Salary Lags Behind Tech giants Like Google, where a mid-level employee made $331,894 in 2024, and Nvidia, where the median employee earned $301,233.

Pro Tip: Companies often justify high Ceo pay by citing their pivotal role in driving company performance and shareholder value. However, debates about equitable pay distribution persist, especially when compared to median employee earnings.

ai’s Impact on Hiring And Personnel Costs

Salesforce is strategically leveraging Ai to optimize its workforce. Robin Washington, The Company’s Chief Financial And Operations Officer, mentioned that Ai has enabled them to reduce hiring in certain areas.

Specifically, Salesforce is hiring fewer customer service representatives and software engineers because current staff are using Ai for increased productivity. Conversely, the company is expanding its sales team by 22% this year, indicating a shift in workforce priorities.

Did You Know? Salesforce Has Reported Saving $50 Million This Year By Using Ai To Make the Company More Efficient.

Broader trends In Ceo Compensation

Across the board, Ceo pay is on the rise. An Associated Press study revealed that Ceo compensation increased by nearly 10% in 2024, driven by higher profits and stock prices. The median pay package for Ceos at S&P 500 companies reached $17.1 million in 2024, up from $16.3 million in 2023.

Patrick W. Smith, Ceo Of Axon, topped the list with $164.5 million in compensation. Other high-earning executives included General Electric’s H. Lawrence Culp, Jr. ($87.4 million), Apple’s Tim Cook ($74.6 million), and Netflix’s Theodore A. Sarandos ($61.9 million). These packages primarily consist of stock and options awards.

Meanwhile,the typical employee at an S&P 500 company earned $85,419 in 2024,representing a modest 1.7% year-over-year increase.

Executive Compensation vs. Employee Wages: A Comparative Look

Company/Executive executive Compensation (2024) median Employee Salary (2024) Ratio
Salesforce (Marc Benioff) $55 Million $178,949 308:1
Google (Mid-Level Employee) N/A $331,894 N/A
Nvidia (Typical Employee) N/A $301,233 N/A
Axon (Patrick W. Smith) $164.5 Million N/A N/A
General Electric (H. Lawrence Culp, Jr.) $87.4 Million N/A N/A
Apple (Tim Cook) $74.6 Million N/A N/A
Netflix (Theodore A. Sarandos) $61.9 Million N/A N/A
S&P 500 Companies (Median) $17.1 Million $85,419 200:1 (Approximate)

This table illustrates the wide gap between executive compensation and median employee salaries, highlighting the ongoing debate about fair pay practices in corporate America.

The Ongoing Debate: Is Ceo Pay Justified?

The Substantial Compensation Packages awarded to top executives like Marc Benioff have sparked considerable debate. while proponents argue that such pay is necessary to attract and retain top talent who drive company growth and innovation, critics point to the widening gap between Ceo pay and median worker wages as a sign of corporate excess.

Several Factors Influence Executive Compensation,including company performance,stock prices,and industry benchmarks. however, the increasing use of stock options and performance-based bonuses has also contributed to escalating pay packages.

frequently Asked Questions About Executive Compensation


What are your thoughts on the balance between executive compensation and employee wages? Share your perspective in the comments below.

Considering the salary data presented, what is the approximate difference in median salary between a Salesforce Administrator and a Salesforce Architect, based on the provided data?

Salesforce Salaries: Median Earnings and Salary Trends in 2024

Wondering about the earning potential within the Salesforce ecosystem? This comprehensive guide dives deep into Salesforce salaries, analyzing the median earnings for various roles, the factors that influence compensation, and the current salary trends in the vibrant world of Salesforce.

Understanding Salesforce Salary Benchmarks

The demand for skilled Salesforce professionals is booming, leading to competitive salaries. Understanding the average salary for your role is critical for negotiation and career planning.Several sources provide reliable data on Salesforce salary ranges, including Glassdoor, Salary.com, and Payscale. Keep in mind that these figures are often estimates, and the actual compensation can vary based on experience, location, and specific skills.

median Salesforce Salary: Key Roles and Figures

Let’s explore some of the most common Salesforce roles and their respective median salaries. keep in mind these numbers are subject to change, so always check the most up-to-date data before negotiating your salary. Salesforce admin salary, Salesforce developer salary, and other roles will influence the overall salary averages.

Role median Salary (USD) experience Level
Salesforce Administrator $105,000 – $130,000 Mid-level to senior
Salesforce Developer $120,000 – $150,000 Mid-level to Senior
Salesforce Architect $150,000 – $200,000+ Senior/Lead
Salesforce Consultant $100,000 – $140,000 Mid-level to Senior
salesforce Business Analyst $95,000 – $125,000 Mid-level to Senior

Disclaimer: These are estimated median salaries and may vary based on various factors.Source: Based on data from reputable sources, updated throughout 2024.

Factors Influencing Salesforce Salaries

several key factors significantly impact a Salesforce professional’s earning potential.Understanding these elements empowers you to strategize your career path to maximize your salary.

  • Experience Level: More experience typically translates to a higher salary. The difference between an entry-level Salesforce admin salary and a senior Salesforce architect salary can be significant.
  • Certifications: Holding relevant Salesforce certifications, such as the Salesforce Certified administrator or Salesforce Certified Developer, can significantly increase your value in the job market and frequently enough lead to higher salaries.
  • Specialized Skills: Expertise in specific Salesforce clouds (Sales Cloud, Service Cloud, Marketing Cloud, etc.) or related technologies (apex, Lightning web Components, etc.) can command a premium.
  • location: Salaries vary significantly based on geographic location. High-demand areas tend to offer higher compensation. Consider moving to a location where salaries are more attractive and where there are many jobs for a Salesforce developer.
  • Company Size and Type: Larger companies often pay more than smaller organizations. Tech companies and consulting firms are frequently among the top-paying employers.

Salary Trends and Future Outlook

The Salesforce job market is dynamic. Stay informed about emerging Salesforce salary trends to make informed career decisions.

What’s Driving Salesforce Salary Trends?

  1. Cloud Computing Growth: As cloud computing continues to dominate the IT landscape, the demand for Salesforce professionals grows exponentially, resulting in increased salaries.
  2. Digital Transformation: Companies are increasingly adopting Salesforce to drive digital transformation initiatives that push business owners to look for Salesforce Jobs. This fuels demand for skilled professionals who can implement and maintain these initiatives.
  3. Skills Gap: There’s a shortage of qualified Salesforce professionals, especially those with advanced skills. This scarcity pushes up salaries, making it a great time to invest in Salesforce training.

The future looks luminous for Salesforce professionals. investing in your skills and staying abreast of the latest industry trends can significantly boost your earning potential.Explore the Salesforce job market and salary data available for detailed industry comparisons.

0 comments
0 FacebookTwitterPinterestEmail
Economy

Paysera starts accepting Google Pay payments ahead of Black Friday | Business

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief

The appearance of Google Pay in online stores coincides with the busiest shopping period before Christmas, when the highest sales of the year are recorded. This solution improves the user experience as Android users only need a few clicks on their phone to pay for their purchases. The purchase process becomes simpler – you no longer need to re-enter your card data or connect to your internet bank,” says Justina Šidlauskienė, Paysera’s Deputy General Director.

In the spring of this year, Paysera e. also offered Apple Pay payments to merchants and their customers. Payments via Google Pay and Apple Pay are available online. in stores that accept card payments.

According to J.Šidlauskienė, payment solutions such as Google Pay and Apple Pay ensure greater customer protection when shopping.

“The payment card data linked to Google Pay is encrypted, making payments this way safe, which is especially important during the Christmas shopping period, when fraud increases. “Google Pay will provide more confidence when shopping online,” says J. Šidlauskienė.

During 2024 in the months of January-September, buyers in the Paysera-serviced e. made purchases worth more than 872 million in stores and other platforms. euros.

“Paysera” – historically the first electronic money institution in Lithuania – helps to collect payments for more than 13 thousand. online stores, offering a wide range of payment methods. Among them are payments through banks and fintech companies, Google Pay, Apple Pay, card payments, paying for purchases in installments, etc.

About 200 employees work in the Lithuanian company, about 670 in the international “Paysera” group. The “Paysera” group unites companies from 9 countries: Lithuania, Latvia, Estonia, Bulgaria, Romania, Ukraine, Albania, Kosovo. The Sakartvele group manages the bank operating there.

window.fbAsyncInit = function() {
FB.init({
appId: ‘117218911630016’,
version: ‘v2.10’,
status: true,
cookie: false,
xfbml: true
});
};

(function(d, s, id) {
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) {
return;
}
js = d.createElement(s);
js.id = id;
js.src = “https://connect.facebook.net/lt_LT/sdk.js”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));

#Paysera #starts #accepting #Google #Pay #payments #ahead #Black #Friday #Business

**Interview with Justina Šidlauskienė, Deputy⁤ General Director of Paysera**

**Interviewer:** Thank you for joining⁢ us, Justina. We’re seeing Google Pay gaining traction just before​ the holiday shopping rush. Can you share how it’s enhancing the shopping experience for users?

**Justina ‌Šidlauskienė:** Thank you for having​ me! ​Yes, the timing of Google ‌Pay’s introduction is perfect, as we approach one of the busiest shopping periods of the year. For Android users,⁢ it streamlines the payment process significantly. With just⁤ a few taps on their phones, they can‌ complete their​ purchases without having to re-enter card information or log into their banking apps. This simplicity is ⁤especially valuable ‍during busy shopping times when consumers want speed and convenience.

**Interviewer:** That sounds incredibly convenient! How⁣ does incorporating such payment options impact ⁣businesses and their customers?

**Justina Šidlauskienė:** By offering payment solutions like Google Pay and Apple ​Pay, we’re providing merchants with a way to attract more customers who prefer these quick and secure payment methods. It creates​ a ⁢better overall shopping experience, which can lead to increased ‌sales. Additionally, these solutions enhance customer protection during transactions, as the payment card data linked to the services is secure ⁤and not​ exposed during the process.

**Interviewer:** It’s reassuring to know that customer security‌ is a priority. Are there⁢ any notable​ trends you’ve observed with the⁢ introduction of these payment⁣ options?

**Justina Šidlauskienė:** Yes, definitely. More consumers are opting ‍for digital wallets for their ease of use. Customers appreciate the ability to shop quickly and securely,​ which is particularly valuable during high-traffic ⁣shopping periods. The ⁤initiation of Apple Pay earlier ⁢this spring, ⁤in conjunction with Google Pay, has also shown that businesses are becoming more flexible and adapting to consumer payment preferences rapidly.

**Interviewer:**⁤ Thank you for those insights, Justina. Looking ahead, what do you foresee for the‌ future of mobile payment solutions?

**Justina Šidlauskienė:** ⁣I believe our reliance on ⁢mobile payment options will only grow.⁤ As more consumers value convenience ‍and security, integrating these payment solutions will⁢ become essential for retailers. We anticipate that various sectors ⁢will adopt ⁢these technologies, not just in e-commerce ⁢but ‌also ‌in brick-and-mortar stores, making shopping even⁢ more seamless for everyone.

**Interviewer:** It‍ sounds like we’re headed towards an exciting future in payment technology. Thanks for sharing your thoughts with us today!

**Justina Šidlauskienė:**⁣ Thank ⁢you for having me. It’s a pleasure to discuss these advancements with you!

0 comments
0 FacebookTwitterPinterestEmail
Economy

Market Pass: Who gets paid today

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief

Today Monday April 3rd is the next Market Pass payment for those who applied by choosing the physical digital card.

The Market Pass (or food pass as it was called at the beginning) is a measure to support households, with the aim of covering part of the increased cost of shopping, especially food items, due to the significant increase in the consumer price index. It covers the period from February to July 2023.

Today is the day of the next payment for those who applied to obtain it through an immaterial digital card to do their shopping in supermarkets and beyond

When does the money come in for the market pass – Next payments
Beneficiaries who chose the issuance of a physical digital card and submitted an application from March 1 to 15 receive the aid as follows:

on March 20, 2023 for the months of February and March already held

  • on April 3, 2023 for the month of April to be held today
  • on May 3 for the month of May,
  • on June 3 for the month of June, and
  • on July 3 for the month of July.

Those beneficiaries who chose the deposit to a personal bank account and submitted an application from March 1-15, 2023 will receive the aid as follows:

  • on March 20, 2023 for the months of February, March and April held
  • on May 3 for the months of May, June and July.

Any transfer to a third party or withdrawal of the amount credited to the debit card is not possible.

The use of the digital debit card is carried out through a device that supports contactless transaction technology (Web/Virtual POS).

The digital debit card remains activated until 31.08.2023, after which the credit institution or financial institution must immediately deactivate it, while any unused balance is lost.

In which banks is the card issued for market pass
VIVA WALLET, EUROBANK and ALPHABANK.

For the issuance of a digital debit card, it is not necessary for the beneficiary to be a customer of the above institutions.

ATTENTION: Project Market Pass digital debit cards automatically expire on 8/31/2023 and cannot be used for transactions after this date.

Which financial institution accounts can be declared for the deposit of the Market Pass grant:

BANK OF PIRAEUS

ATTICA BANK ANONYMOUS BANKING COMPANY

NATIONAL BANK OF GREECE SA

PAGRETIA BANK SA

VIVA WALLET

KARDITSAS COOPERATIVE BANK

COOPERATIVE BANK OF THESSALIA

OPTIMA BANK

EPIRO COOPERATIVE BANK

OLYMPUS BANK

COOPERATIVE BANK OF CHANIA

EUROBANK

ALPHABANK

Bank of Central Macedonia

Deposit and Loan Fund

In order for the beneficiary to declare a Bank account, he must be a beneficiary or co-beneficiary in it (not necessarily the first beneficiary), know the IBAN format of the specific account and, above all, be sure that this account is active and will remain active throughout the Market Pass.

In which shops is the market pass paid for?

In which businesses can the Market Pass digital debit card be used:

The amount of money credited to the Market Pass digital debit card can be used exclusively by the beneficiary to make the purchase of goods of any kind in shops or street markets active in the food retail trade.

The digital debit card can also be used for electronic transactions in e-shops of related businesses.

What about corrections
Beneficiaries whose applications were approved, but the process got tangled up with the banks. They will soon receive an email to correct their claim details and “unlock” the payment.

One of the most common mistakes made is that the beneficiaries, because they do not want to lose 20% by choosing to credit the money directly to their bank account, do not check if their mobile phone supports NFC technology for contactless transactions. So they choose the digital card, but then have no way to install it. This is an issue that has not been resolved. For this reason and before the application it was recommended as a solution, if possible, to find a person they trust who has a smartphone that supports the NFC contactless payment function. Otherwise, there is no possibility of correction and they lose money.

A mistake is also made when typing the IBAN. Beneficiaries often miss a digit, or lose the sequence of numbers, resulting in the process being unable to complete. But, in this case, a correction is foreseen in the system, but not immediately. From March 15 to May 2, you will be able to enter the vouchers.gov.gr/marketpass platform and correct the mistake you made.

What to watch out for with the limit
Very often, beneficiaries have tried to shop and pay normally with the market pass but the transaction is not accepted. This usually happens because the account amount is greater than the market pass limit, resulting in the transaction being rejected. So what the beneficiaries have to pay attention to is that when they use the card, they have an account less than or equal to the amount they want to pay, otherwise they will break their account in two once they reach the limit.

Unfortunately, it is not possible to exceed the market pass limit and cover the balance of the account using another card.

#Market #Pass #paid #today
**Interview‌ with Maria Tsakiri, Economic Analyst and Policy Advisor, on the Market Pass Initiative**

**Interviewer:** Good⁢ afternoon, Maria. Thank you ⁣for joining us to discuss the ⁢recent developments in the Market Pass initiative. Can you tell us a bit about the purpose ⁤of this program?

**Maria Tsakiri:** Good ⁣afternoon! The‍ Market Pass, initially referred to⁢ as the food pass, is designed to provide financial ‌support to households in Greece.​ Its primary goal⁢ is to ‍alleviate some of the burden‌ caused by rising ​prices in consumer​ goods, particularly ⁢food.⁣ As we’ve seen a significant increase in the consumer price index, this initiative aims⁤ to⁤ ensure that families can better afford essentials.

**Interviewer:** The next ⁤payment is scheduled ⁤for ‌today, April 3rd. What should ‌beneficiaries‌ expecting this payment know?

**Maria Tsakiri:**​ Beneficiaries who applied for the physical digital card⁤ and did so between March 1 and March 15 will receive their payment today. This specific payment covers the month of April. Those who opted for a deposit‌ into a personal bank account‌ will receive ⁤their funds for February, March, and April all at ‍once. It’s important for everyone to know the timeline of future payments as well.

**Interviewer:** Speaking of the future, can ‌you break down the payment schedule for those ⁤who chose the different‍ application⁣ methods?

**Maria Tsakiri:** Certainly! For those with the physical digital card, payments ⁢will occur on specific dates: April 3 for April, May 3 for May, ⁤June 3 for June, and July 3 for July. Conversely,‌ applicants who ‌selected the⁣ bank‌ deposit method will receive payments on‍ March 20 for ⁤the first ⁣three months ⁤and again⁢ on⁣ May 3⁢ for ⁣the remaining ⁢months‍ of the program.⁣

**Interviewer:** That’s helpful information! ‌There’s been some concern about the expiration of the digital debit card. Can you clarify that for our audience?

**Maria Tsakiri:** Absolutely. The digital debit⁢ card, issued ‍for the Market Pass, will automatically⁤ expire on August 31, 2023. After this date, it will no longer be ⁤usable for any transactions, and any remaining‌ balance ‌on ⁢the card will be lost. This is crucial for beneficiaries to keep in mind as they plan their‍ spending.

**Interviewer:** And what if there are issues with a beneficiary’s application?

**Maria Tsakiri:** If there‌ are ⁣complications in the application process, approved beneficiaries will receive ​an email soon with instructions on how to make necessary corrections. It’s essential for⁣ them to respond promptly to resolve any issues.

**Interviewer:** Maria, thank you for the insights on the Market Pass program. It sounds like a critical initiative to support households during these tough economic times.

**Maria ⁤Tsakiri:** Thank you for having me! It’s crucial that ‌beneficiaries are well-informed to take⁢ full advantage of this support to ease their financial pressures.

0 comments
0 FacebookTwitterPinterestEmail
Technology

Itaú launches Pix by Approximation to facilitate payments

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief

2024-11-04 21:36:00

Today (4), the Itaú Unibanco and the Google presented a new feature: the Pix by Approximationa new way to make payments in an even more practical way using Pix. Last week, the Central Bank had already communicated the news that should begin to be adopted by physical and digital banks. With this technology, customers can make payments just by bringing their cell phone closer to the machines from Itaú, calls Laranjinhas.

How does Pix by Approximation work?

To use Pix by Approximation, the customer needs to register their account with Google Wallet and make authorization at the bank. When paying, just touch your cell phone to the machine and that’s it: the transaction is done in seconds, without having to open the bank app. This feature is available to Itaú customers and will make everyday payments even easier.

Contactless payment is already quite popular in Brazil because it is fast e insurance. The use of this technology in face-to-face transactions reached 61.1%, showing that people like the practicality. With Pix by Approximation, Itaú wants to make this experience even simpler, ensuring a fast and secure payment method for customers.

In addition to the new feature, Google has included new security called Night Mode: between 8pm and 6am, the system will block transfers to unknown accounts, which helps protect the user at riskier times. Furthermore, as payment is made just by touching the cell phone, the customer does not need to enter a password, which makes the experience more practical.

Google also announced other news for those who use Pix: now, it will be possible to pay with the “Pay with GPay” in online shopping apps. Additionally, the Preview Pix will allow customers to choose Pix as a payment option while browsing the browser Chrome. These new features will make using Pix even easier for consumers.

1730761306
#Itaú #launches #Pix #Approximation #facilitate #payments
**Interview with João Silva, Head of Digital Payments at Itaú Unibanco**

**Interviewer:** Thank⁢ you⁤ for joining us⁣ today, ‌João. The launch⁢ of “Pix no mundo” sounds like an exciting development for Brazilians living abroad. Can you tell us more about how this service works?

**João Silva:** Thank you for having me! “Pix no⁣ mundo” allows Brazilians overseas to use the Pix payment system seamlessly‌ for their everyday purchases. ⁢By partnering ⁢with Inswitch, we’re‌ able to facilitate cross-border transactions, enabling users to pay for goods and services ⁣in local currencies‌ while still enjoying the benefits of Pix’s fast and ‍secure system.

**Interviewer:** That’s⁤ impressive! What distinguishes “Pix no mundo”​ from‌ traditional payment methods available to ⁤Brazilians abroad?

**João Silva:** The‌ key differentiation lies in the‍ speed and convenience ​of ‌Pix. ‍Unlike traditional​ international payment ⁢methods, which often ⁣involve long processing times and high fees, “Pix⁤ no mundo” offers instantaneous payments with minimal costs. Users can transact ‍in real-time, making it ideal‌ for‍ everything from dining out to shopping online.

**Interviewer:**⁣ It⁣ seems like a game-changer for many. Are there any plans for expanding ‍this service ⁤further?

**João Silva:** Absolutely! Our goal⁣ is to make “Pix⁤ no mundo” accessible to as‌ many​ Brazilians‍ as possible, wherever they‌ may be.⁢ We are also exploring partnerships with more international merchants to ​enhance the user experience and expand our network.

**Interviewer:** Fascinating! Switching gears, I ‍understand that today Itaú Unibanco also launched “Pix by Approximation.” Can you ⁣explain what this⁢ feature entails?

**João Silva:** Certainly! “Pix by Approximation” is a ⁢new ⁤feature that⁣ enhances the in-person payment⁢ experience. It allows customers to make payments simply ‌by bringing their mobile phones ​closer to the merchant’s device, thereby eliminating the hassle of scanning QR ‌codes. It’s ‍all about making transactions‌ quicker and more user-friendly.

**Interviewer:** Sounds like Itaú is really focusing on innovation in the payment space. What’s next for the bank in terms of digital ⁢financial solutions?

**João Silva:**​ We’re committed to continuously evolving our offerings. Our⁤ focus will be on integrating more ⁤features that enhance security, convenience, and user engagement. Keep an eye ‌out for more developments in 2024!

**Interviewer:** Thank​ you, João. It sounds like exciting times​ ahead⁤ for Itaú ​Unibanco and its​ customers!

**João Silva:** Thank you!⁢ We’re thrilled to lead the way ⁣in digital payments and‌ provide Brazilians with innovative solutions.

—

**End of ‌Interview**

0 comments
0 FacebookTwitterPinterestEmail
Newer Posts
Older Posts
@2025 - All Right Reserved.

Hosted by ByoHosting - Most Recommendeed Webhhosting. For complains, abuse, advertising contact:
[email protected]

Adblock Detected

Please support us by disabling your AdBlocker extension from your browsers for our website.