Comp News

The Skilled Compensation Shortage No One Is Talking About
I often encounter individuals eager to embark on a career in Human Resources (HR). Regrettably, very few express a desire to specialize in compensation. This lack of interest makes it challenging...

Compensation Pros Should Become Experts in Measuring Performance
Let me know if I’m being presumptuous, but it seems to me that compensation pros get stuck doing an awful lot of repetitive manual tasks. The touted solution to such toil is usually this: use a...

Nobody’s Perfect: What to Compromise When Choosing an HR Software Solution
As companies evolve, they follow a natural inclination to acquire new technologies that can streamline their processes and support organizational growth. At the heart of these technological...

Compensation Data and The HR Suite: Understanding Data Management in HR Software Solutions
Compensation planners know that every decision made about incentive programs, benefits packages, variable pay structures, and stock option compensation is informed by one essential asset: data. Lots...

Why Compensation Planning Needs Comprehensive Service
Important Considerations When Choosing a Compensation Module One thing remains true in the marketplace of services: people don’t remember how crucial customer service is until they receive a...

The Golden Ratio for Choosing Compensation Software
This is our first entry in a four-piece series entitled Rethinking Compensation’s Role in the HR Suite. This article is about the Golden Ratio of Compensation and why organizations should consider it when shopping for an HR software suite.

Why Compensation Professionals Still Love Excel
Why Compensation Professionals Still Love Excel by David Creelman It’s popular and easy to criticize Excel. Spreadsheets are prone to human errors, labor intensive, and difficult to use...

How to Deal with Wage Inflation in an Unstable Environment
How to deal with wage inflation in an unstable environment By David Creelman Many organizations are finding it challenging to hire the workers they need in today’s inflationary economy. This puts...

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...
Percentage of Paid Work-From-Home Days Remains Four Times Higher Than Pre-COVID Era.
COMP NEWS - Work-from-home is here to stay, according to economists who note that return-to-office plans have stayed their execution over the past two years. The share of workers being called back to the office has flatlined, suggesting the pandemic-era phenomenon of...
High-Level Canadian Federal Employees Received $130 million in Bonuses
COMP NEWS - High-ranking federal employees in the Canadian government were awarded substantial bonuses between April 2022 and July 2023, according to a new report, drawing ire from some critics who say the bonuses were inappropriately generous. Federal employees at or...
Nearly a Million Unionized Americans Received Double-Digit Pay Raises in 2023
COMP NEWS - Nearly a million unionized Americans received double-digit pay raises in 2023 after a year of surging union activity, negotiations, and strikes. Nearly 900,000 Americans sitting down to Thanksgiving dinner this week will have unions – and the double-digit...
Automakers With Non-Union Workforce Race to Raise Pay after UAW’s Record Deals
COMP NEWS - In the wake of UAW's historic contract for its union workers, other automakers with non-union workforces are seeking to appease their employers with above-standard pay raises. Nov 22 (Reuters) - Car companies with production facilities in the United States...
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...
Law Firm Announces Bonus Scale Amounting to Nearly Three Times The Market Rate
COMP NEWS - A D.C.-based law firm has announced huge bonuses for its associates amounting to almost 3x more than standard market rate bonuses this year. Biglaw might not be ready to announce bonuses yet, what with a potential salary increase gumming up the works, but...
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....
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...
SullivanCotter Releases 2023 Advanced Practice Provider Compensation and Productivity Survey Report.
COMP NEWS - A new compensation and productivity survey has been released for Advanced Practice Providers, signaling that salaries and benefits in these professions are on the rise. CHICAGO--(BUSINESS WIRE)--SullivanCotter, the nation’s leading independent consulting...
Goldman Sachs Discusses Bigger Bonuses for Top Traders, Dealmakers
COMP NEWS - As most of the U.S. financial sector considers tightening its belt in the face of an uncertain economic future, Goldman Sachs is opening their purses - but only for select high-performers. NEW YORK, Nov 14 (Reuters) - Goldman Sachs (GS.N) bosses are...
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...
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...
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...
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%...