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Less Than A Third Of Workers Think Their Compensation Is Fair
COMP NEWS - A new survey has indicated that less than a third of workers think their compensation is fair - and more than two-thirds are at risk of leaving for greener pastures and paychecks. Less than a third of employees feel that their pay is fair, according to a...
Largest Rail Union Rejects Contract, Furthering Negotiations For Sick Days
COMP NEWS - Four freight rail unions just barely voted against a new five-year contract agreement, setting the stage for a potential labor strike among railway workers. On the eve of the holiday season, workers at the heart of the supply chain are once again...
Michigan Legislators Aim To Repeal Right-To-Work Laws
COMP NEWS - Michigan Democrats won big in the state, taking control of its House, Senate, and Governorship. Their first plan of action may be to repeal Right-To-Work laws and strengthen the rights of unions. Repealing Right-to-Work legislation in Michigan could be...
These Companies Paid Workers Their Full Salary to Work Fewer Days. The Result? Increased Productivity.
COMP NEWS - One of the largest studies on the productivity of workers during a four-day workweek is coming to a close, and the results show promise. Over 70 companies paid their employees their full salaries while decreasing their hours worked from 40 to 32, resulting...
68% Of Employers Will Increase Salaries In 2023, Survey Says
COMP NEWS - A new survey reveals good news for anyone who draws a salary: more than two-thirds of employees plan to raise salaries next year. Perhaps it’s due to a tight labor market, or high inflation, or the goodness of their hearts, but a new survey from the...
Banker Bonuses On Wall Street Are Plunging By As Much As 45%
COMP NEWS - Wall Street investment bankers saw record-high bonuses last year. This year their windfalls will be much lower, as compensation consultant firm projects that bankers' bonuses will decrease by almost 45%. Wall Street investment bankers can expect much...
Amazon Looking To Lay Off About 10,000 employees
COMP NEWS - Amazon is planning to lay off about 10,000 employees as soon as this week, representing nearly 3% of its corporate employees. Amazon is planning to lay off approximately 10,000 employees in corporate and technology roles beginning this week, according to a...
University of California Academic Employees Strike for Higher Pay
COMP NEWS - Academic employees at the University of California are on strike for better pay in the face of rapidly increasing costs of living. SACRAMENTO — Academic workers in the University of California system went on strike on Monday, as teaching assistants,...
Compensation Practices Were On The Ballot For The Midterms: Here’s What Changed
COMP NEWS - The Midterm elections put compensation measures on many ballots across several key states. How did they fare? For the most part, states voted to raise the minimum wage. When wage increases are on the ballot, voters usually say yes. That was the case in...
Tech Industry Sees Mass Layoffs
COMP NEWS - The tech industry is undergoing a series of high-profile layoffs following a period of overzealous hiring practices. Big-name layoffs have cropped up repeatedly throughout 2022. But if it feels like more and more tech and financial firms are gearing up for...
LinkedIn’s Global Talent Trends Report Shows That Hiring Is Slowing
COMP NEWS - LinkedIn's Global Talent Trends report has been released, indicating that hiring rates are decreasing around the world. LinkedIn has released its latest Global Talent Trends report, where it found that every global region has seen hiring rates drop from...
2 in 5 Workers Are Experiencing Burnout — How Can Employers Ease The Tension?
COMP NEWS - A new report indicates that nearly half of U.S. workers are experiencing burnout. Burnout is on the rise in the U.S., mostly among female and younger workers, a new report finds. However, flexibility seems key to improving production, connection and...
NYC Employers Are Cheating Pay Transparency Law by Listing Massively Inflated Salary Ranges for Jobs
COMP NEWS - In the wake of New York City's recent pay transparency law, which requires companies to post salary ranges for job roles they are hiring for, employers are posting pay bands that range by as wide as $100,000. Employers are testing the limits of a new city...
Instacart Gives Company-Wide Cash Bonus To Employees After Delaying IPO
COMP NEWS - Instacart is giving employees company-wide a two-part cash bonus starting in December in an effort to retain talent. Instacart Inc. will pay out its first companywide cash bonuses starting in December, said people familiar with the matter, as the grocery...
