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Automation Is at a Tipping Point. What About Compensation?
COMP NEWS - Automation in the general workforce has been talked about for over a century now, starting when post-industrial era visionaries imagined miniature helicopter-cars and Asimov-esque robots doing our chores for us would arrive by the 21st century. Automation...
Hospital Announces $25 Holiday Bonus For Employees – Then Rescinds It
COMP NEWS - Most employers have an intuitive sense of how compensation incentives help retain employees. Increasing employee bonuses and incentives can drive top performers to engage with their work. Decreasing pay leads to employees leaving for greener, more enticing...
These States Are Raising Minimum Wage in 2023
COMP NEWS - A new year means a new minimum wage in many states - 23 of them, in 2023. A new year means higher minimum wages in 23 states, leading to increased pay for an estimated 8.4 million US workers, according to the Economic Policy Institute. The rate hikes are...
New Report Shows How Workplace Collaboration Is Changing
COMP NEWS - A new report from The Work Innovation Lab highlights how workplace collaboration is expected to change in 2023. Employees think differently about the workplace now than they did before the pandemic. They’re adjusting to office returns and new work...
Two-thirds of Employees Say They’d Quit A Job That Withheld Holiday Bonuses
COMP NEWS - A new survey has revealed that nearly two-thirds of employees would quit or consider quitting if they didn't receive an expected holiday bonus. Many businesses are struggling right now, with inflation woes and mass layoffs making headlines in recent weeks....
Tesla Allegedly Broke Labor Laws By Not Allowing Employees To Discuss Wages
COMP NEWS - Tesla allegedly broke Florida labor laws by attempting to prohibit employees from discussing their wages, an act that is protected by federal law. U.S. labor board NLRB alleges that Tesla illegally coerced employees in Florida by restricting them from...
Samsung Will Give Additional Yearly Bonus to Several Employee Divisions
COMP NEWS - Samsung is preparing to roll out its yearly bonuses to staff. Many workers will receive up to 50% of their yearly salaries by the end of January in additional compensation. Every January, Samsung gives its workers a bonus equaling up to 50% of their yearly...
New Study Finds Unionized Healthcare Workers Earned Better Pay and Benefits
COMP NEWS - A new study shows that unionized healthcare workers consistently receive better pay and benefits, despite union membership remaining low. Boston, MA - Unionized health care workers earned better pay and received better non-cash benefits, with little...
In 2023, HR Wants to Prioritize Managerial Effectiveness
COMP NEWS - As 2022 winds down, HR professionals are looking toward the future challenges of the coming year. One area HR is concerned with, according to a new Gartner survey, is the effectiveness of leaders and managers. HR leaders face a historic amount of...
Here Are 9 HR Trends To Look Out For In 2023
COMP NEWS - As the new year approaches, it's time for HR departments to reexamine the trends facing employers and employees to better prepare for the future of their business. In 2023 it’s time for HR to break boundaries Your organisation needs it Your people need it...
Biglaw Firm Katten Muchin Rosenman Offers Bonuses Up To $172,500 — If You Bill Enough
COMP NEWS - It's that magical time of the year for law firms when the Christmas lights are up, the hours are billed and logged, and year-end bonuses come home to roost. Biglaw firm Katten Muchin Rosenman is offering an extremely generous bonus to its top performers -...
Utah Governor Proposes $6,000 Compensation Increase For All Teachers
COMP NEWS - Utah Governor Spencer Cox has proposed a statewide increase to teacher compensation, looking to raise salaries by $6,000 in 2024. Gov. Spencer Cox proposed increasing every teacher's compensation in the state by $6,000 when he unveiled his 2024 state...
Landscape Company Gives Employees $28 Million in Appreciation Bonuses for Job Well Done
COMP NEWS - A landscape company in Maryland has given each of its employees a special gift - a one-time thank-you bonus ranging between $7,000 and $200,000. End of year bonuses are always a welcomed sight, but these smiles bear witness to an extraordinary act of...
Workforce Survey Reveals 5 Elements Driving Worker Retention
COMP NEWS - A new survey from Global Workforce of the Future survey from The Adecco Group outlines the key elements driving worker retention. The results indicate that employees are more likely to stay the more engaged they are in their workplace. Understanding...
