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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...
CFOs Are Outpacing CEOs In Compensation Increases
COMP NEWS - CTOs are beginning to outpace CEOs in some forms of compensation, particularly in base salary packages. How much of a base salary increase did CEOs and CFOs receive in 2022? Compensation Advisory Partners (CAP), an executive compensation consulting firm,...
Lowe’s Is Giving Hourly Employees and Managers Another Bonus
COMP NEWS - Home improvement retailer Lowe's is giving its hourly employees their third round of bonuses in less than a year, with plans to allocate approximately $90 million worth of bonuses to its staff. Lowe’s home improvement retail employees can expect to see...
Elden Ring Publisher Gives All Its Employees A Pay Raise
COMP NEWS - Oh, pay raises. Bandai Namco, the publisher of one of last year's most acclaimed video games, Elden Ring, announced that it will give a pay raise to every single one of its employees. Bandai Namco is giving everyone a raise. That's according to a recent...
Nearly 30 Percent of Work Remains Remote as Workers Dig In
COMP NEWS - Nearly one-third of all workers are working from home, according to new research, signifying that hybrid and remote work schedules are here to stay. The pandemic may be winding down, but the work-from-home revolution marches on. Nearly 30 percent of all...
Study: The Four-day Workweek Continue to Improve Health, Finances, Relationships of Workers
COMP NEWS - The four-day workweek continues to show benefits for productivity, morale, and efficiency, as another study from UK concludes with positive results and feedback from employers and employees. Employers and workers around the world are finding that the...
The Pay Gap Between Hospital CEOs and Nurses Keeps Widening
COMP NEWS - The pay gap between hospital CEOs and nurses is accelerating at an unprecedented rate, according to new research that shows hospital executives more than quadrupling their pay while wages for nurses remain stagnant. Hospital executives are seeing their...
Toyota Accepts Union Demands for Biggest Wage Increase in Two Decades
COMP NEWS - Toyota, the world's largest automaker, is giving its employees their biggest pay increase in over two decades after coming to an agreement with union workers. TOKYO, Feb 22 (Reuters) - Toyota Motor Corp (7203.T), the world's biggest automaker, said on...
Even Hackers Are Reportedly Getting Laid Off by Organized Crime Groups
COMP NEWS - It seems like no employees are safe from layoffs these days, as according to a new report, even hackers are being laid off in the latest tech industry cullings. Hackers and others perpetuating ransomware threats seem to be the latest tech industry workers...
Amazon Calls Workers Back to Office Under New Hybrid Work Model
COMP NEWS - Amazon recently announced that it would require its corporate employees to adapt to a new hybrid model of work, bringing them back to the office for at least three days a week. Amazon will require its corporate employees to return to the office at least...
Survey Shows 91% Of Applicants Want Salary Range Transparency In Job Posting
COMP NEWS - A new LinkedIn survey indicates that a staggering 91% of people desire to see salary range transparency in job postings. Over four-fifths of respondents said that a transparent salary range in a job description would give them a positive impression of the...
Sega Giving Employees’ Monthly Salary Raise of 30%
COMP NEWS - Video game developer and publisher Sega has announced that it will raise the average monthly salary of its employees by 30% in order to create a better working environment for its staff. Sega has announced that it will raise the average monthly salary of...
Japanese Auto Unions Demand Wage Hikes Over ¥10,000
COMP NEWS - Japanese auto unions are demanding monthly wage hikes of over ¥10,000 as workers simultaneously battle against a 30-year wage slump during a period of 40-year record high inflation. TOKYO – Amid the steepest inflation in about 40 years, labor unions at...
GitHub Lays Off 10% of Staff, Goes Fully Remote to Cut Costs
COMP NEWS - Github, a Microsoft-owned internet hosting service for software development, has announced that it will lay off 10% of its staff, coming out to about 300 employees. Additionally, the company will be closing down its remaining offices and transitioning to a...
