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Goldman Sachs Plans to Layoff Thousands, Cut Back Bonuses
COMP NEWS - Investment bank Goldman Sachs is planning to lay off thousands of employees and curtail annual bonuses, sources say. Goldman Sachs Group Inc.is planning to lay off several thousand employees, according to people familiar with the matter, another...
Global Wage Report Reveals One-Two Punch Against Wage Workers – Inflation and COVID.
COMP NEWS - A new Global Wage Report from the International Labour Association has shown the impact of COVID-19 and inflation on wages, indicating that global pay is lagging far behind the levels needed for lower-income wage workers to maintain decent standards of...
Is A Satisfied Employee An Engaged Employee? Research Says No.
COMP NEWS - Is a satisfied employee an engaged employee? Many companies seeking to hire the best talent equate satisfaction with retention, but in fact, satisfaction is not linked to performance - but engagement is. Employee engagement should be a mutually beneficial...
Better Salary and Benefits Take Priority Over Work-From-Home for Job Seekers
COMP NEWS - A new study that polled over 1,000 U.S. candidates found that workers value higher compensation and richer benefits more than work-from-home flexibility. Here are some of the results: The overwhelming majority of candidates (76%) are looking to change...
Job Satisfaction of US Federal Officials Falls, Employee Survey Finds
COMP NEWS - US federal employees' job satisfaction has dropped this year, according to the 2022 Federal Employee Viewpoint Survey. US federal employees are significantly less satisfied in their jobs this year than in the midst of the COVID-19 pandemic – and are...
Tyson Foods Thanks Employees With $50 Million In Annual Bonuses
COMP NEWS - Tyson Foods is giving its employees year-end annual bonuses of between $300 to $700 to thank them for their work during a difficult year. Tyson Foods is saying thank you once again to more than 90,000 hourly team members across the U.S. by giving them...
California Nurse Union Ratify 4-year Contract Deal With 22.5% Pay Increase
COMP NEWS - More than 21,000 nurses and nurse practitioners voted to ratify a contract between their union and their employer, Kaiser Permanente, that would guarantee a 22.5% pay increase over four years. Nurses and nurse practitioners across two Northern California...
Tech Uses Stock-Based Compensation To Retain Talent. Investors Hate It.
COMP NEWS - Stock-based compensation has been a popular carrot for driving talent retention and acquisition in the tech industry. Only one problem - investors don't want growth or employee satisfaction. They want profits. And stock-based compensation has been getting...
Rail Workers Express Anger At Congress Forcing Contract Deal To Avert Strike
COMP NEWS - After three years of failed negotiations, rail workers were on the verge of electing to strike for paid sick days. But on December 2, President Biden signed into law legislation that imposed a contract agreement on rail workers - with no paid sick days...
Remote Work Alone Might Not Be Enough To Retain Top Employees
COMP NEWS - Remote work has become a fixture of the post-COVID world. But HR expert Karen Brownrigg warns that employers looking to retain their talent may be focusing too hard on new and popular benefits at the expanse of developing a holistic solution. There is an...
Goldman Sachs Junior Bankers Work 98 Hours A Week — Making The Equivalent Of About $22 An Hour
COMP NEWS - A new survey from Odyssey Search Partners says that junior bankers at Goldman Sachs work nearly 100 hours a week - making their average pay around $22 an hour. Junior bankers at Goldman Sachs are working an average of 98 hours a week — 18 hours more than...
LGBTQ+ Workers Less Likely to Receive Financial Wellness Benefits
COMP NEWS - A new report from the Employee Benefits Research Institute indicates that LGBTQ+ Workers are less likely to receive access to financial wellness benefits. Employers looking to tailor their benefits for their LBTQ+ workers need look no further than the...
Scottish Teachers Strike Over Low Compensation
COMP NEWS - Thousands of teachers across Scotland have gone on strike over low compensation, leading to the closure of primary and secondary schools around the country. Thousands of teachers have joined rallies in Scottish cities as part of the country's first...
French Man Wins Legal Right to Not Be ‘Fun’ at Work
COMP NEWS - In France, it's now legal to be boring at work. At least, that's what some are claiming after a French court ruled that a man was unlawfully terminated from his job for failing to be "sufficiently fun" at work. In a court ruling earlier this month, a judge...
