Comp News
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...
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...
Michigan Repeals ‘Right-To-Work’ Law, First State in Decades to Do So
COMP NEWS - Michigan has made legislative history by becoming the first state in almost 60 years to repeal right-to-work legislation that allows workers to opt out of paying union dues and fees. Michigan, long known as a mainstay of organized labor, on Friday became...
Do Incentives Boost Productivity? Only 2% of UK Employees Strongly Disagree
COMP NEWS - A survey of UK employees indicates that an overwhelming amount of workers tie work performance to incentives and rewards. UK employees remain positive despite a looming recession and increased cost of living. This is the main finding from research...
U.S. Government Strengthens Clawback Rules for Executive Compensation in Banks
COMP NEWS -The Biden Administration has strengthened existing clawback rules for executive compensation in banks in an effort to restore national confidence in the nation's banking system. (MENAFN) The Biden administration has taken steps to restore confidence in the...
Apple is Delaying Employee Bonuses In A Cost-Cutting Drive
COMP NEWS - Apple, one of the few major Silicon Valley companies to avoid mass layoffs, is looking to cut costs instead by delaying employee bonuses. Apple has largely avoided the large-scale layoffs seen in many of its rival companies, including Google and Amazon,...
Job Posting Laws Create Rifts Between Employee and Employer Over Fair Pay
COMP NEWS - As changing laws and new worker perspectives influence the way employers approach pay transparency, some organizations reveal they're struggling to adapt. Revealing starting salaries in job postings is starting to get messy for employers. Just ask...
The PRO Act Resurfaces In Congress Once Again
COMP NEWS - A significant piece of labor law legislation has been proposed in congress once again, prolonging a years-long battle concerning the power and authority of American unions. The PRO Act has been proposed in Congress again this year. For those unfamiliar,...
Silicon Valley Bank Employees Blame Remote Work For Bank’s Collapse. Experts Disagree.
COMP NEWS - Following the catastrophic collapse of Silicon Valley Bank, the 16th largest bank in America, experts are trying to piece together the causes. Now, some employees are pointing towards SVB's remote work policy as an agitator in its collapse - but financial...
Congress Prepared to Debate Raising Teachers’ Salaries To $60K
COMP NEWS - A growing list of politicians on both sides of the political aisle are introducing legislation to raise teachers' salaries. There's a growing list of politicians, conservatives and liberals alike, who back raising teacher pay. But while members in both...
Paid time Off Not Part of Workers’ ‘Salary,’ U.S. Court Rules
COMP NEWS - A Philadephia court has ruled unanimously that paid time off is not to be calculated as a part of workers' wages, meaning employers can take away paid leave without violating federal labor laws. March 15 (Reuters) - Paid time off that workers accumulate is...
Organizations Are Offering More Than Salaries To Help Employees Build Wealth
COMP NEWS - Businesses are devising new and unique incentive policies to attract workers, showing that the evolving worker-employer relationships of a post-COVID landscape are here to stay. Every business worth its name today is trying its best to be employee-centric...
New South Wales Government Offers Cash Incentives To Safe Drivers
COMP NEWS - The New South Wales government is offering a new cash incentive for young drivers who choose safer vehicles. Young, regional drivers will be treated to a cash incentive in one state, in an attempt to get older, unsafe cars off the road. On Monday, NSW...
Silicon Valley Bank Employees Received Bonuses Hours Before Government Takeover
COMP NEWS - Silicon Valley Bank employees received their annual bonuses just in time last week - merely hours before the failing bank was seized by Federal regulators and declared insolvent. Silicon Valley Bank employees received their annual bonuses Friday just hours...
When Workers Get The Benefits They Most Desire, They’re More Productive
COMP NEWS - Workers who get the benefits they most desire are generally more productive, according to several different studies on the matter. Before the pandemic, just under 6 percent of employees were primarily working from home, but that had tripled to nearly 18...
Boeing WA State Workers Split $513M in Bonuses as CEO’s Pay Tops $22M
COMP NEWS - Boeing is paying out over $500 million in annual bonuses to employees in Washington. Despite that, some workers' and executives' were slashed compared to compensation in recent years. Boeing paid out $513 million in annual bonuses to 64,000 employees in...
