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Nearly Half of Companies Forcing Employees Back to Office See Higher Employee Attrition
COMP NEWS - A trio of new studies has shed light on the damaging effects of return-to-work mandates. Companies that force their employees back into the office see higher employee attrition and more difficulty recruiting new talent. We’re now finding out the damaging...
Tech Giants Boosted CEO Pay Before Layoffs, Data Shows
COMP NEWS - Silicon Valley has seen a dearth of layoffs and job cuts in the last year and a half, but another phenomenon has occurred too - CEO pay at tech companies jumps just before rounds of layoffs, according to recent data. While some tech giants neared or...
Zoom Puzzles and Frustrates Employees With Return to Office Mandate
COMP NEWS - Zoom, the telecommunications company that skyrocketed to cultural and market dominance through the recent advent of remote work, is demanding its employees return to the office. The move is puzzling and frustrating employees who have grown accustomed to...
Instacart Just Slashed Its Minimum Drivers’ Pay Almost in Half
COMP NEWS - Grocery delivery service Instacart has just slashed its minimum driver pay per order down to $4 - almost half of the previous $7 minimum. The people who deliver your groceries through Instacart just took a big pay cut. Drivers for the delivery service are...
Women Workers to Be Impacted More Than Men by AI Wave, Says McKinsey
COMP NEWS - Research titan McKinsey & Co. are worried that automation and AI will replace a swath of low-income workers - with a majority of those affected being women. Women have more to worry about than men from a coming wave of automation and artificial...
The Four-Day Workweek Leads to More Work Done in Less Time
COMP NEWS - A new trial study on the four-day workweek confirms what most other trial studies have discovered - that employees under the schedule consistently accomplish more work in less time. Findings from one of the largest experiments with a four-day workweek...
AI Company Lays Off Staff 9 Months After $125M Raise
COMP NEWS - An AI company named Jasper AI recently raised over $125 million in funds. But less than a year later, the company is laying off a large portion of its staff. Jasper AI has let go of an unknown number of employees less than a year after raising $125 million...
Pay Grew Again, But Slower, in Second Quarter
COMP NEWS - Compensation for U.S. workers continues to rise, though its pace has slowed, according to a new report by the Bureau of Labor Statistics. Compensation for U.S. workers picked up again in the second quarter of the year, but at a slightly slower pace,...
UPS, Teamsters Reach Tentative Agreement Avoid Strike
COMP NEWS - Teamsters, UPS's largest union, have reached a last-minute agreement that will avert an impending strike. After months of negotiations, strike threats and walkout talks, UPS and Teamsters, the union representing 340,000 UPS workers, have reached a...
Air Force Set To Reinstate Previously Paused Bonuses
COMP NEWS - The Air Force has announced that it is restoring certain retention and reenlistment bonuses that were previously paused. Department of the Air Force officials are restoring bonuses but are not fully lifting a pause on duty assignment moves after an Alabama...
Workers Still Aren’t Using Their Mental Health Benefits
COMP NEWS - Workers have been clamoring for mental health benefits - but many who have them aren't using them, and researchers are wondering why. Workers have been saying they want mental health benefits, but still aren’t using them. In a July 2023 Amwell report, 85%...
UPS workers poised for biggest U.S. strike in 60 years. Here’s what to know.
COMP NEWS - UPS workers are set to deliver one of the biggest strikes the U.S. has seen in over half a century. Jason Flynn loves one aspect of his part-time job as a UPS package sorter: He was able to get it in 15 minutes. What he doesn't love, he said, is earning...
Bankers Who Work From Home 5 times Less Likely to Engage in Financial Misconduct
COMP NEWS - Bankers who work from home may be doing so their jobs more ethically, as a new survey suggests they are more than five times less likely to engage in financial misconduct. Most business leaders harbor a deeply-rooted belief: Offices as sanctuaries of...
How Incomplete Benefits Packages Fail To Retain Female Talent
COMP NEWS - Organizations should tailor their benefits packages toward women in order to increase talent retention, according to research by the British Standards Institute. Since the onset of the COVID-19 pandemic, labor experts and equality advocates have honed in...
