📝 The ultimate cover letter checklist

Many CEOs are now making 670 times more than their company's median-wage workers ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

Presented by   Despite the feeling that workers were gaining more power in 2021, a new report shows that the income gap between CEOs and the average worker has gotten even wider. At the 300 publicly held U.S. corporations with the lowest median wages, the gap between what CEOs earn and the median worker pay grew to a ratio of 670-to-1, according to a new report from the Institute for Policy Studies—up from 604-to-1 in 2020. At more than a third of those firms, median worker pay didn’t even keep up with the 4.7% average inflation rate in 2021. “A lot of workers at these companies, in other words, lost ground, while CEO pay went through the roof,” one researcher said. Read more about the report, and what can be done to rein in the CEO-to-worker pay gap, here. —Kristin Toussaint, @kristindakota   pay gap Many CEOs are now making 670 times more than their company’s median-wage workers At 49 publicly traded companies, the gap between what CEOs and median-wage workers earn is a 1,000-to-1 ratio. READ MORE   hit the ground running The ultimate cover letter checklist Use these 12 tips to help your cover letter stand out. READ MORE   fast government Today’s unexpected Supreme Court victory could exempt more gig workers from forced arbitration The case at hand involved an airplane cargo supervisor who took Southwest Airlines to court for overtime issues back in 2019. READ MORE

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Here’s what’s behind the new labor movement While union membership maybe at a low, more industries and younger worker are showing a renewed interest in organized labor. We talk about why on the latest episode of The New Way We Work. LISTEN NOW

RECOmmender This simple, stylish digital picture frame has replaced social media in my life The Mason Luxe digital photo frame from Aura Frames is a stylish way to fill your house with memories—and let friends and family share theirs, too. READ MORE   productivity tools Use digital bulletin board Padlet to map out your thoughts It’s a simple canvas for adding, organizing, and sharing information, and can be used for almost any purpose, from gathering ideas in a meeting to mapping out elements of an upcoming project. READ MORE   wwdc 6 ways Apple updated iOS to be ready for a mixed reality metaverse We haven’t seen the Apple AR headset yet. But at WWDC, Apple tipped its hand about a lot of ways it may work. READ MORE   reading list These are the five books Bill Gates says you should read this summer From a look at the technology underlying everyday life to political polarization, Gates’s latest reading picks might have you learning something new on your vacation. READ MORE   wanted Designers love these bags made from truck tarps. Now you can create your own Swiss bag company Freitag is beloved by designers and creatives. Now, the brand puts the creative process in customers’ hands. READ MORE   pov Why so many tech whistleblowers are women Women appear more willing than men to report wrongdoing when they can do so confidentially. READ MORE   NEWS The tax man cometh: What you need to know After several years of taking a relatively lax approach to auditing wealthy taxpayers, the Internal Revenue Service (IRS) has evidently turned a new leaf. The agency is stepping up enforcement, and has doubled audit rates for income categories above $100,000 over the past seven months. That news comes directly from an IRS statement released in late May, which details that for the 2019 tax year, audit rates have seen a significant jump. In short, the more money you make, the more the IRS may be interested in auditing you—especially if you’re earning six figures. Some perspective is critical, however: Though the IRS does seem to be increasing audit rates, those rates are still down significantly over the past decade or so. Check out the latest news stories here. FREE SPONSORED E-BOOK OF THE DAY Rich Dad Poor Dad Book Summary Limited Time Offer - Expires 6/10/2022. Click here to download your free e-book.     Thanks for reading! Have questions or comments? Email us at newsletters@fastcompany.com.  SHARE THIS NEWSLETTER   Help Support Our Journalism Join Fast Company Premium   If you don’t want to receive Compass anymore, unsubscribe here If you were forwarded Compass and like it, subscribe here View this newsletter online 7 World Trade Center, 29th Floor, New York, NY 10007-2195

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