Young Workers Share Salary Information As Pay Transparency Gains Popularity

by Brennan, Brandon Capley | May 13, 2022 | Comp News | 0 comments

COMP NEWS – The old taboo of sharing salary information might be dissipating. A recent survey from Bankrate.com shows that Gen Z and Millennials share their salary information more frequently than their older peers. Some 42% of Gen Z workers, ages 18-25, and 40%...

Tesla Reduces Bonus Structure, Raises Salary Compensation

by Brennan, Brandon Capley | May 10, 2022 | Comp News | 0 comments

COMP NEWS – Tesla has announced that it is canceling any employee bonus that was based on meeting delivery quotas. However, Tesla is increasing salary compensation to make up for the lost employee bonuses. Tesla has decided to cancel any employee bonuses tied to...

Salary Budget Growth of 5% Most Common Increase in New Survey

by Brennan, Brandon Capley | Apr 29, 2022 | Comp News | 0 comments

COMP NEWS – A new survey done by Salary.com shows that almost half of companies are allocating merit-based salary increases by around 5%. A new survey of employers by compensation data and analytics firm Salary.com shows that most U.S. organizations (73 percent)...

Verizon Wireless Raises its Minimum Wage to $20 an Hour

by Brennan, Brandon Capley | Apr 25, 2022 | Comp News | 0 comments

COMP NEWS – Verizon Wireless is raising its minimum wage to $20 an hour, making it the next in a long line of companies increasing compensation to retain workers. Verizon’s announcement that it was increasing its minimum salary to $20 per hour is another...

Lack Of Engagement From Remote Workers Can Lead To Early Termination: New Study

by Brennan, Brandon Capley | Apr 21, 2022 | Comp News | 0 comments

COMP NEWS- A new study shows that employees with low engagement during remote working are being terminated from their jobs. Working virtually can come with a stiff price tag: Remote workers who fail to engage properly on Zoom and other video calls to the satisfaction...