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Equity or Fairness?

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...

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Volkswagen Chattanooga Workers get 11% Pay Raise

COMP NEWS - Volkswagen is providing a substantial pay raise for workers at its Chattanooga, TN assembly plant. Volkswagen is providing an 11% pay raise for production workers at the automaker's Chattanooga assembly plant, the company announced Wednesday. The pay hike...

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New Publishing Industry Salary Survey 2023 Released

COMP NEWS - A new salary survey on the publishing industry has been released, showing that compensation lagged behind rising inflation over the past year. Like most workers in the U.S., employees at publishing houses had difficulty keeping up with inflation last year....

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Workers Are Trading Noncash Bonuses for Cash Compensation

COMP NEWS - Workers across industries are relishing an era of rising wages. But many of those newly earned hard cash benefits are coming at the expense of noncash benefits, according to data from Glassdoor. Workers may have rejoiced over big pay raises in the past two...

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Employers Eyeing More-Modest Pay Increases Next Year

COMP NEWS - U.S. employers aim to temper compensation increases in 2024 after several consecutive years of fast-rising pay raises. U.S. employers are planning smaller pay increases in 2024 compared to this year—and organizations say increases could decline more if...

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Consumers Have Soured on Tip Pools, Study Finds

COMP NEWS - The majority of Americans view tip pooling, a practice where restaurant servers pool their combined tips and distribute them evenly, as an unfair compensation practice for employees. Most U.S. adults in a recent Pew Research Center survey said that the...

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US Wages Rose at a Steady Pace This Summer

COMP NEWS - Wages grew at a steady pace between July and September, though it slowed compared to the rapid pace seen in the first half of 2023. WASHINGTON (AP) — Wages and benefits grew at a slightly faster pace in the July-September quarter than the previous three...

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Wall Street Bonuses Expected to Stay Flat or Decline

COMP NEWS - Bonuses for bankers are expected to be less in 2023 than in previous years, according to a new compensation study. NEW YORK, Nov 14 (Reuters) - Bonuses for investment bankers advising companies on mergers and acquisitions are expected to drop by 15% to 25%...

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