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Banking Compensation & Benefits Survey Released
COMP NEWS - The American Bankers Association has released its 2023 survey on compensation in over 200 job positions in the banking industry. See how your bank measures up—dive in to our latest data-rich report on compensation practices. Grouped by region, ownership...
Pharmacy Staff From CVS, Walgreens Stores in US Start 3-Day Walkout
COMP NEWS - Employees at two major pharmaceutical companies, CVS and Walgreens, are planning to launch a three-day walkout in order to force both companies to improve working conditions. Oct 30 (Reuters) - Some employees at CVS Health Corp (CVS.N) and Walgreens Boots...
Pfizer to Pay $2M to Resolve Allegations of Underpaying Women
COMP NEWS - Pfizer has agreed to pay $2 million as part of a settlement for a case where the biopharmaceutical company was accused of underpaying women compared to their male counterparts. Pfizer will pay $2 million as part of a conciliation agreement with the U.S....
Check Out This 2023 Employer Health Benefits Survey
COMP NEWS - KFF, an independent source for health policy research, polling, and journalism, has released its comprehensive Employer Health Benefits Survey for 2023. This 25th annual survey of employers provides a detailed look at trends in employer-sponsored health...
Premiums Rose 7% for Employer-Sponsored Health Coverage in 2023
COMP NEWS - The average annual premium for employer-sponsored health coverage rose about 7% in 202, tracking with unusually high inflation and wage growth. The average annual premium for both employer-sponsored single and family health insurance coverage rose 7% in...
Workers Are Seeking Emergency Savings Accounts As a Job Benefit, Survey Finds
COMP NEWS - A new survey indicates that employees are looking for a powerful job benefit that few people are offering - emergency savings accounts. Concerns about high inflation and a possible recession have not only affected the financial lives of many American...
Healthcare Compensation Survey: Executive Salaries Up, Bonuses Down
COMP NEWS - Healthcare organizations are in a tight race to secure executive talent in leadership positions, according to a new survey. As a result, healthcare systems are willing to pay more for executive talent. Healthcare organizations are vying to find talented...
Data Shows Warehouse Workers Make Less When Amazon Comes Into Town
COMP NEWS - New evidence shows that workers in warehouse jobs make less money - no matter where they're employed - whenever an Amazon warehouse opens up in town. Amazon is, after Walmart, the nation’s second-largest private-sector employer, employing roughly one...
Chicago Takes Big Step to Kill Tipping
COMP NEWS - Chicago's City Council has voted by an overwhelming majority to phase out the city's tip credit, meaning restaurants will have to increase their workers wages to the state minimum by July 2028. Chicago’s City Council voted 36-10 Friday to phase out the...
Tesla to Offer German Workers Pay Rise This Year
COMP NEWS - Tesla plans to offer a pay raise to workers and its German plant following concerns voiced by employees that they received below-average compensation for their industry. BERLIN, Oct 12 (Reuters) - Tesla (TSLA.O) said on Thursday it will offer a pay rise to...
California Slowly Raising Health Care Workers’ Minimum Wage to $25 Per Hour
COMP NEWS - California is raising the minimum wage for health care workers to $25 per hour after the legislature passed a bill to raise workers' wages over the next decade. SACRAMENTO, Calif. (AP) — California will raise the minimum wage for health care workers to $25...
CEOs Eye Linking Performance Bonuses to Workplace Attendance to Kill Hybrid Work Schedules
COMP NEWS - An overwhelming majority of workplace leaders and executives believe that financial rewards and promotion opportunities will be linked to in-office attendance in the next few years, signaling a new strategy for minimizing hybrid work schedules that have...
An Oregon University Is Refusing to Pay Bonuses to Executives
COMP NEWS - Top executives at Oregon Health & Science University, including eight executive vice presidents, will not receive their portion of a more than $10 million bonus package. The reason? There's not money to pay bonuses, says the university. Top brass at...
Walgreens Stores Around the U.S. May Close Down For Employee Walkout
COMP NEWS - Employees around the U.S. may walk out on the job next week over harsh and dangerous working conditions. Employees at two of the largest drugstore chains in the United States say harsh working conditions make it difficult to safely fill prescriptions,...