Want to make six figures annually? Consider working for a company that is not a household name.
Some less-than-famous workplaces populate the list of Money magazine’s top 10 companies at which half the employees earn at least $100,000 a year.
Money examined the pay disclosures that some companies were required to submit to the U.S. Securities and Exchange Commission by the end of April. The publication identified 15 companies with a median annual pay of more than $100,000.
A median value is not the same as an average value. A “median” number sits in the middle of a list of numbers arranged from smallest to largest. In short, if a company’s median annual pay is more than $100,000, it means the company pays at least half of its employees six figures a year.
In the case of the following companies — which have median pays of well over $100,000 — it’s probably safe to assume that the majority of employees earn six figures. Of the companies identified by Money, the 10 with the highest median pay are:
- Tesaro Inc. (pharmaceutical company): $344,329 is the median annual total compensation of all employees minus the CEO
- Splunk Inc. (tech company): $256,370
- Alphabet Inc. (Google’s parent company): $197,274
- Netflix Inc.: $183,304
- Pandora Media Inc.: $175,138
- DTE Energy Co.: $173,839
- Phillips 66: $170,988
- Zynga Inc. (online-game developer): $140,382
- NewMarket Corp. (oil and fuel product maker): $128,030
- Verizon Communications Inc.: $126,623
How do we know these salaries? The Dodd-Frank Wall Street Reform and Consumer Protection Act — intended to reform Wall Street and protect consumers in the wake of the Great Recession — remains a polarizing federal law eight years after its adoption. But consumers still have a lot for which they can thank Dodd-Frank.
One of those many things is a glimpse into how publicly traded corporations pay their employees. The Dodd-Frank Act requires such companies to disclose the median total annual compensation of all their employees minus the CEO, among other pay data.
What do you make of these numbers? Sound off below or over on our Facebook page.
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