Comp News
Equity or Fairness?
This is an article in an ongoing series by David Creelman about redesigning compensation planning to acquire and retain top performers. You can catch up on our previous discussions by clicking...
How Compensation Managers Should Approach Automation
This is an article in an ongoing series by David Creelman about redesigning compensation planning to acquire and retain top performers. This week's article is about compensation automation. You can...
A Risk Management View of Incentive Plans
This is the sixth article in an ongoing series by David Creelman about redesigning compensation planning to acquire and retain top performers. This week's article is about risk management in...
Does Your Salary Adjustment Letter Look Like a Lawyer Wrote It?
This is the fifth article in an ongoing series by David Creelman about redesigning compensation planning to acquire and retain top performers. This week's article is about salary adjustment letters....
The Truth About Paying Remote Workers
This is the fourth article in an ongoing series by David Creelman about redesigning compensation planning to acquire and retain top performers. This week's article is about paying remote workers. To...
How Inflation Can Make Compensation Planning Easier
This is the third article in an ongoing series by David Creelman about redesigning compensation planning to acquire and retain top performers. This week's article is about inflation and compensation...
Redesigning Compensation For Top Performers
This is the second article in an ongoing series by David Creelman about redesigning compensation planning to acquire and retain top performers. To catch up on our discussion, you can read the first...
You can’t win the War for Talent with Market Data
Compensation systems are designed to keep average compensation under control. They are designed to attract and retain average people by paying close to market average compensation. They do an...
Would You Automate Your Compensation Planning If It Paid For Itself In The First Year?
Would You Automate Your Compensation Planning If It Paid For Itself In The First Year? At CompXL, Our ROI badge from G2 proves that clients can quickly get incredible value from our...
Changing Employer Market Leaves Digital Health Companies Rethinking Strategy
COMP NEWS - The rapidly changing employer market is having an effect on digital healthcare solutions, according to several key figures in the field. Since the mid-2010s and until recently, digital health companies selling to employers had found an enthusiastic...
Wage Growth Slowed in 2022 Q4, Leading Some To Hope For Economic Recovery
COMP NEWS - A new report from the U.S. Department of Labor indicates that wage growth slowed in the fourth quarter of 2022, inspiring hope in some economists for a smooth economy in the coming year. Compensation costs for civilian workers climbed 1% in the fourth...
Bankrupt Crypto Lender BlockFi Goes to Court – To Prove it Should Be Able to Pay Employee Bonuses
COMP NEWS - BlockFi, a crypto lender company that went bankrupt in the wake of the now famous collapse of crypto exchange FTX, went to court over employee compensation last week. But the troubled company wasn't there to fight against giving out due compensation - it...
Spotify Is Laying Off 6 Percent of Its Global Workforce, CEO announces
COMP NEWS - Spotify is laying off 6 percent of its global workforce, according to the company's CEO. Affected staff will reportedly receive an average of five months' severance. Spotify will lay off 6 percent of its workforce globally, the company’s CEO, Daniel Ek,...
Southwest Airlines to Pay $45M Bonuses to Staff Who Worked During Christmas Meltdown
COMP NEWS - Southwest Airlines announced its intentions to pay $45 million in bonuses to pilots and flight attendants who worked through the organization's catastrophic shutdown of over 16,000 holiday flights last month. Amid continued fallout from its catastrophic...
U.S. Workers’ Satisfaction With Job Safety Rises, Satisfaction With Pay & Benefits Remains Low
COMP NEWS - A new Gallop poll indicates that U.S. workers are more satisfied with safety regulations on the job, even in the wake of rising COVID cases. However, U.S. workers' dissatisfaction with pay and benefits remains a key issue across industries. One year after...
Mercedes-Benz Rewards Almost 100,000 Staff With Profit-Sharing Bonus
COMP NEWS - Mercedes-Benz is giving employees its largest profit-sharing bonus ever - €7,300 to almost 100,000 employees eligible for the bonus this year. Mercedes-Benz will be granting employees a record bonus of €7,300 following a stellar year for the automotive...
Google Parent Company Lays Off 12,000 Employees Following Pandemic Hiring Spree
COMP NEWS - Alphabet has begun laying off employees related to experimental projects, with the total number of job roles count amounting to 12,000 so far. Jan 20 (Reuters) - Google's parent Alphabet Inc (GOOGL.O) is cutting about 12,000 jobs as it faces "a different...
Entrepreneur Ashneer Grover Promises Mercedes-Benz to Long-Term Employees at New Company
COMP NEWS - Ashneer Grover, entrepreneur and co-founder of fintech company BharatPe, is making a promising offer to employees at his new start-up - work faithfully for five years and receive a Mercedes-Benz in return. Ashneer Grover, the founder and ex-board member of...
Goldman Sachs Planning to Drive Away at Least 800 Workers With “Skimpy” Bonuses
COMP NEWS - Goldman Sachs is planning to drive away about 800 employees by means of handing out bonuses - extremely paltry ones, "so skimpy that disguised recipients will pack up and leave," according to unnamed sources. After cutting more than 3,000 jobs on...
Taiwanese Company Evergreen Marine Giving Employees Bonuses of Up to Four Years Annual Pay
COMP NEWS - It sounds almost too good to be true, but for employees at Taiwanese container line company Evergreen Marine, it's reality. The container line company is reportedly paying some employees a bonus that amounts to 4 years of annual pay. Bonuses of up to 52...
Working Fewer Hours Associated With Higher Life Satisfaction, According to New Research
COMP NEWS - A new study has found that working fewer hours is associated with high life satisfaction. Published in Health Economics Review, a new study has found that working fewer hours is associated with higher life satisfaction, which is mediated by one’s level of...
Astounding 96% of Workers Looking For New Job in 2023, Poll Says
COMP NEWS - A new poll indicates that an astounding 96% of workers are seeking their next job opportunity in 2023 - and they're ready to make the jump for better pay. It will soon be the Year of the Rabbit, according to the Chinese calendar, but it might as well be...
Honda Workers Receiving Short Paychecks, Honda Claims ‘Tax Withholding Errors’
COMP NEWS - U.S. Employees at American Honda Motor Co. are anticipating short paychecks this Friday, after the automobile manufacturer released an internal memo warning that 'tax withholding errors' may impact the company's upcoming pay period. American Honda Motor...
