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Canada’s Federal Public Servants to Strike Wednesday If No Deal Reached, Union Says
COMP NEWS - Federal workers in Canada may go on strike this week in a bid to achieve better wages, job security, and remote work opportunities. Public Service Alliance of Canada (PSAC) leadership says all workers in a legal strike position will strike Wednesday if...
San Diego Healthcare Provider to Offer $100,000 Incentive Payments to Nurses
COMP NEWS - A San Diego healthcare provider is offering up a staggering incentive payment structure - totaling $100,000 for nurses who commit to three years of service with their employer. Palomar Health is offering its current and future registered nurses incentive...
Amazon Plans to Trim Employee Stock Awards Amid Tough Economy
COMP NEWS - Amazon is seeking to reduce employee stock awards in an effort to cut back on costs and save money, according to new reporting. April 5 (Reuters) - Amazon.com Inc (AMZN.O) said it would reduce employee stock awards, a part of its compensation plan, as the...
Southwest CEO’s Compensation Nearly Doubles Despite December Flight Cancellations
COMP NEWS - Southwest Airlines' CEO is getting a sizable compensation bump, doubling his salary from last year to merely $5.3 million. Southwest Airlines CEO Robert Jordan's compensation nearly doubled last year to $5.3 million after being promoted to the top job...
Vancouver Company Offers Workers Bitcoin Bonuses
COMP NEWS - A Vancouver company is thinking outside the box on incentivizing employees. Shur-Way Building Center, a building supply company, decided to eliminate its flat-rate Christmas bonuses and replace them with a performance-based incentive structure that pays...
McDonald’s Cutting Jobs, Demoting Employees, and Reducing Pay to Save Cash
COMP NEWS - McDonald's is slashing job roles and salaries alike as a means to save cash amid an aggressive restructuring. McDonald’s Corp.’s restructuring this week is reaching company wide, resulting in hundreds of layoffs and for some employees reductions in their...
Prominent Metalworkers’ Union Pushes For 4-Day Work Week
COMP NEWS - One of Europe's largest industrial unions is calling for a four-day work week over a pay raise ahead of collective bargaining negotiations later this year. Germany's IG Metall (IGM), Europe's largest industrial union, is calling for a four-day work week at...
Amazon Sharpens Knives to Cut Executive Compensation
COMP NEWS - Amazon is preparing to make cuts, this time not to job roles but to executive compensation, as its stock price continues to slump. Amazon.Com, Inc (NASDAQ: AMZN) plans to reduce employee stock awards as part of its compensation plan as economic...
Low-Wage Workers Saw Historically Fast Real Wage Growth During the Pandemic Business Cycle
COMP NEWS - The COVID-19 pandemic shocked the economy in a number of ways - leading to a period of high inflation, an era of work-from-home jobs, shifting employer-employee relationships, and many more material changes. A survey has found one other underreported...
Google Cutting Employee Services and Laptops in Savings Strategy
COMP NEWS - In a new cost-cutting strategy, Google is cutting a range of employee benefits ranging from food, laptops, expenses, and massages. Google’s finance chief Ruth Porat recently said in a rare companywide email that the company is making cuts to employee...
Bed Bath & Beyond Offers Bonuses in Bid to Retain Staff in Closing Stores
COMP NEWS - Retailer Bed Bath & Beyond is struggling to retain workers in the face of hundreds of store closings. To convince employees to stay in the final days of over 400 locations, the company is handing out one-time bonuses to those who stay ranging from $500...
For An Empathetic People Strategy, Start With Compensation
COMP NEWS - What is the most important factor in a healthy work environment? According to Lisa Wallace, Cofounder & Co-CEO Assemble, the most important component of an employee-employer relationship is a strong, empathetic compensation strategy. Compensation is...
Frontier Airlines Admits Paying Bonuses To Agents Who Charge Passengers Oversized Baggage Fees
COMP NEWS - Frontier Airlines has confirmed that it gives its employees an unusual bonus - one that's based on charging fliers oversized baggage fees. However, some say the bonuses incentivize workers to overcharge or falsely charge customers for baggage fees. Sign up...
Facebook Owner Meta Slashing Bonuses For Some Employees
COMP NEWS - Facebook owner Meta is reportedly planning to slash bonus payouts to some employees in an effort to cut costs. Additionally, the social media giant is planning to ramp up its staff assessment processes in order to closely track employee productivity....
