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Bassett Healthcare Network Invests Nearly $50 Million in Compensation Increases for Its Workforce
COMP NEWS - New York-based Bassett Healthcare Network is rolling out $50 million in compensation increases for its staff after undergoing a full compensation analysis. Bassett Healthcare Network has undertaken a full compensation analysis for its caregivers and...
Pay Disparity Remains for Women, Minorities in the Tech World
COMP NEWS - Several recent surveys and reports have confirmed an unpleasant truth: pay disparity among women and minorities in the tech world remains a chasmic issue. The gap between what white men are paid and how much women and minorities earn has narrowed over the...
Here Are Three Companies That Offer the Biggest Employer Match for a 401(k)
COMP NEWS - A 401(k) is one of the most popular types of employee benefit, allowing workers to benefit from long tenures with a competitive retirement savings match from their employers. Companies often offer various benefits like competitive retirement savings plans...
Department of Labor Recovers $246K in Back Wages For Misclassified Workers
COMP NEWS - A recent investigation by the Department of Labor found that a Louisiana company misclassified over 300 workers as independent contractors, causing them to withhold $246K in unpaid back wages. The U.S. Department of Labor has found that the wages of...
Survey Shows Companies Still Struggling to Attract and Retain Talent
COMP NEWS - A new survey has indicated that companies are still struggling globally to attract and retain the talent they need, leading many organizations to reexamine their compensation strategies. Employers are taking a variety of actions to attract and retain...
Bill to Reclassify Gig Workers Could Eliminate Existing Compensation Protections
COMP NEWS - A bill introduced in the U.S. House of Representatives could provide a new classification for gig workers while simultaneously eliminating existing compensation protections, such as minimum wage and overtime laws, for those same workers. A bill introduced...
U.S. Sees Union Boom Despite Big Companies’ Aggressive Opposition
COMP NEWS - In the throes of economic uncertainty, including a potential recession and rampant inflation, the U.S. is seeing a wave of unionization efforts across many of the country's largest corporations. After years of decline, the American labor movement is...
U.S. Employers Eying Pay Budget Increases Despite Recession Fears
COMP NEWS - U.S. Employers are planning to expand their pay budgets despite fears of an incoming recession. A recent Salary Budget Planning Report found that companies increased are planning to increase their pay budget by around 4.1 percent in 2023, although...
EEOC Says Its Pay Data Collection is Key to Identifying Pay Discrimination
COMP NEWS - The U.S. Equal Employment Opportunity Commission (EEOC) recently championed a new report that showed its pay data collection successfully helps the agency prioritize investigations into pay discrimination. The study finds that the data EEOC collected may...
House to Take Up Bill With 4.6 Percent Federal Raise
COMP NEWS - The house is preparing to take up a new bill this week that would provide a pay raise for federal employees. The bill is the second of its kind being presented after a separate piece of legislation was introduced last week to give similar pay bumps to...
Survey: IT Compensation Not Keeping Up with Inflation, Hiring Slowing
COMP NEWS - A new mid-year salary survey from Jano and eJobDescription.com has indicated that compensation for IT professionals is not keeping up with the rate of inflation and that hiring is beginning to slow down. Mid-Year 2022 IT Salary Survey by company size and...
Alaska Permanent Fund Facing Serious Recruitment Challenges
COMP NEWS - The Alaska Permanent Fund Corporation, which manages many of the state's funds and programs, is struggling to recruit and retain qualified candidates for its open roles. Recruitment and retention of investment and operations staff at the $79.4 billion...
UK Wage Increases Continue To Be Eliminated By Inflation
COMP NEWS - The UK continues to face spiraling inflation that threatens to eliminate competitive wage hikes. The latest labour market figures from the Office for National Statistics (ONS) show that employees’ average total pay including bonuses grew 6.2% and pay...
El Paso, TX Offers Incentive Program To City Employees
COMP NEWS - The city of El Paso is short over 1,000 employees, so the city is turning to a signing bonus program to incentivize fresh talent. According to the city, the incentive program has been a huge success. Laura Cruz-Acosta, the Strategic Communications Director...
