Comp News
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...
Would You Automate Your Compensation Planning If It Paid For Itself In The First Year?
Would You Automate Your Compensation Planning If It Paid For Itself In The First Year? At CompXL, Our ROI badge from G2 proves that clients can quickly get incredible value from our...
Why CompXL Is A G2 Momentum Leader
Swinging For The Fences There’s something magical in the loud, brief friction of a wooden bat slamming into a baseball. It’s an unmistakable sound wherever you are; satisfying wherever you hear it,...
Why NPS Matters When Choosing Compensation Software
What is NPS? If you google this question, the internet will give you two answers: one about National Park Service and another about the customer satisfaction metric known as the Net Promoter Score....
Hit hard by COVID-19, Walgreens won’t pay full bonuses to employees, will enhance pickup options for customers
A big drop in profits is spurring Walgreens Boots Alliance — which was already trying to reinvent itself before COVID-19 — to enhance pickup options for the drugstore chain’s customers and again...
My journey from Excel to CompXL: The Shannon Laszlo Story
I will never forget the first time I discovered that a spreadsheet error had gone undetected. Physically, the realization produced a sinking feeling in my gut. The moment I discovered the error was...
CompXL Awarded Best ROI in Compensation Management by G2 Report
July 15, 2020 09:00 AM EST JACKSONVILLE, Florida, July. 16, 2020 – HCR Software’s CompXL, a leading compensation management SaaS solution, announced it has been awarded the best estimated ROI rating...
Walmart Cuts Starting Wages For New Hires
COMP NEWS - Walmart has cut its starting wages for new hires, reversing a trend of competing retailers raising starting wages to attract talent. Walmart, America’s largest private employer, is paying some new hires less than it would have earlier in the year in a sign...
Most US Executives Think Hybrid Working is Here to Stay, Study Finds
COMP NEWS - A new survey indicates that executives think hybrid working schedules are here to stay, despite some highly publicized return-to-office plans. CEOs may want workers back in the office, but according to a new study most think a full return is unlikely....
Business Owner Gives All Employees Paid Month Off – And Sees Productivity Increase
COMP NEWS - Jo Hunter, the CEO and founder of creative agency 64 Million Artists, decided to do something unusual - give her entire company the month of August off, fully paid. The result, she says, was an marked improvement in mental health, ambition, and...
Department of Labor Proposes Extending Overtime Protections for Low-Paid Salaried Workers
COMP NEWS - The U.S. Department of Labor is proposing a series of new rules that would create new overtime protections for millions of salaried workers. The U.S. Department of Labor today announced a notice of proposed rulemaking that would restore and extend overtime...
Taylor Swift Gives Six-Figure Bonuses to the Eras Tour Workers in the US
COMP NEWS - Taylor Swift is reportedly compensating her Eras tour workers with surprise, six-figure bonus checks. Crew members working with Taylor Swift on her Eras tour got a big surprise as the US leg of the itinerary approached its conclusion on Monday (July 31) in...
Lyft’s CEO Is Trying to Bring Workers Back to the Office. Time Will Tell If It Works.
COMP NEWS - Lyft's new CEO is aiming to bring the company's employees back into the office, a risky move in light of overwhelming sentiment that RTO policies are unpopular. Four months ago, David Risher became CEO of ride-sharing giant Lyft at a crucial juncture. He...
23 Companies With the Best 401(k) Match Plans
COMP NEWS - As employees vie for talent, 401(k) match plans have become an increasingly sought-after benefit. Offering an employer 401(k) match plan is a popular way for companies to attract workers to join their ranks, as well as incentivize them to stay. A 401(k)...
Report: CEOs Who Pay Poorly Do Fabulously
COMP NEWS - A new Institute for Policy Studies report indicates that the more companies underpay their workers, the higher their executives' compensation is. Ticketmaster isn’t just crappy to its customers and to the musicians whose shows it manages ticket sales for....
Workers’ Average Reservation Wage Hits High Numbers
COMP NEWS - Workers average reservation wage has hit a new high, signifying that employees are prepared to continue demanding higher compensation and benefits for their labor. Employers might be eying smaller raises than they have in the past couple of years, but...
Salary Negotiations With AI? It May Be Sooner Than You Think.
COMP NEWS - Salary negotiations between two parties are complex and emotionally charged processes. Would they be any easier with a robot in the room? Some companies will find out as they explore plans to engage in salary negotiations with AI tools. Salary negotiations...
Google Engineers Rake in Big Bucks with Base Salaries up to $718,000
COMP NEWS - A leaked data report from Google shows median compensation for employees in various roles, revealing software engineers within the company can score base salaries as high as $718,000. Tech jobs have long been in the top ranks among the highest-paying...
Illinois Pay Transparency Law Mandates Pay Scale, Benefits in Job Postings
COMP NEWS - The Governor of Illinois has signed off on a pay transparency law that will compel companies to share salary ranges for job positions. Illinois Gov. J.B. Pritzker, a Democrat, on Friday signed into law pay transparency legislation that requires employers...
Uber and Lyft Threaten to Leave Minneapolis Over Driver Pay Law
COMP NEWS - A new bill that would require Uber and Lyft drivers to raise the pay of their drivers in Minneapolis is causing both companies to threaten to cease operations in the city. A bill that would mandate minimum pay levels for Uber and Lyft drivers in...
Meta Threatens Workers With Firings If They Don’t Return to Office 3 Days a Week
COMP NEWS - Meta, formerly known as Facebook, has updated its return-to-office policy with a strict warning - employees who don't come into the office 3 days a week risk losing their job. Meta is committing to its return-to-office mandate, telling employees that they...
