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...

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...

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...

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...

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...

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...

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...

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...

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....

COMP NEWS - An alarming survey has found that as many as one-third of job postings are fake, made by organizations without serious intentions to fill the posted job role. A mystery permeates the job market: You apply for a job and hear nothing, but the ad stays online...

COMP NEWS - Michigan has made legislative history by becoming the first state in almost 60 years to repeal right-to-work legislation that allows workers to opt out of paying union dues and fees. Michigan, long known as a mainstay of organized labor, on Friday became...

COMP NEWS - A survey of UK employees indicates that an overwhelming amount of workers tie work performance to incentives and rewards. UK employees remain positive despite a looming recession and increased cost of living. This is the main finding from research...

COMP NEWS -The Biden Administration has strengthened existing clawback rules for executive compensation in banks in an effort to restore national confidence in the nation's banking system. (MENAFN) The Biden administration has taken steps to restore confidence in the...

COMP NEWS - Apple, one of the few major Silicon Valley companies to avoid mass layoffs, is looking to cut costs instead by delaying employee bonuses. Apple has largely avoided the large-scale layoffs seen in many of its rival companies, including Google and Amazon,...