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Ubisoft’s CEO Taking Pay Cut Following Company’s Low Performance
COMP NEWS - Yves Guillemot, the CEO of video game developer Ubisoft, is taking a voluntary pay cut of roughly one-third of his salary, following Ubisoft's failure to meet recent financial goals. Ubisoft’s CEO Yves Guillemot will be voluntarily taking a €310,607...
Many US Companies To Compensate Travel Costs For Employees’ Seeking Abortions
COMP NEWS - In the wake of the Supreme Court's ground-shaking reversal of Roe v Wade, the 1973 ruling that affirmed the constitutional right for women to pursue abortions, many employers are stepping in to cover the cost of travel for employees seeking out-of-state...
Pay Equity Is A Driving Force Behind The Push To Unionize At Apple
COMP NEWS - Apple, one of the highest valued companies in the world, is facing an intense battle behind its silicon doors: employees want more pay and pay transparency, and they're increasingly determined to unionize to get both. While many Apple workers acknowledge...
Here’s What The 10 Largest U.S. Retailers Pay Their Employees
COMP NEWS - Employee pay among the largest retailers in the United States varies widely - with some organizations having a median income as low as $26,000 / year to some who boast nearly 2.5x that amount. During the pandemic, the nation extolled the value of essential...
The Federal Reserve Says Higher Wages Are Driving Inflation: Is That True?
COMP NEWS - Inflation is a worldwide concern, as workers' wages and the cost of living continue to rise rapidly. Now, the US Federal Reserve has a message for employers and employees alike: wages are growing too fast. American workers have seen their wages climb...
The UK’s Biggest Bank Is Giving Employees A Bonus To Counter Inflation
COMP NEWS - The UK's largest bank is giving its employees a one-time bonus in order to retain its workforce amidst rising inflation. Lloyds, the biggest bank in the UK, announced this week that it would give employees a one-time bonus of £1,000 (US$1,200) to offset...
For Many Workers, Wages Are Up Almost 5% This Year. But Inflation Is Higher.
COMP NEWS - Wages are up nearly 5% this year, a recent survey shows, and compensation increases seem unlikely to stop there. A Pearl Meyer compensation planning survey saw that over a third of employers are planning more increases in the middle of the year. As...
Microsoft Plans To Curb Non-Competes And Disclose Salary Ranges
COMP NEWS - Microsoft has announced changes to its non-compete clauses, as well as new plans to disclose salary ranges for job postings. Bending to employee sentiment and legislative mandate, Microsoft announced a series of reforms Wednesday that will curtail or end...
New York Lawmakers Pass Numerous Worker Protection Laws
COMP NEWS - New York lawmakers have passed a series of legislative actions in an effort to protect workers. The new laws range from protections for independent contractors, amendments to workplace saftey laws, and restrictions on overworkings healthcare employees....
Australian Farmers Call For More Compensation For Hosting Transmission Lines
COMP NEWS - Australian Farmers are calling for more compensation in exchange for hosting transmission lines on their property. To reach net-zero and bring down power bills, state and federal governments have promised to fast-track the delivery of high voltage...
US Military Getting Biggest Pay Raise In 20 Years
COMP NEWS - US military servicemembers are about to get their biggest pay raise in two decades - and it may increase even more thanks to inflation. Servicemembers are in line for their biggest pay raise since 2003 next January, but lawmakers and advocates are...
As Inflation Hits 8.5%, Workers Expect Bigger Raises
COMP NEWS - With higher inflation comes higher wages - at least, that's what workers are expressing to their employers. Adding more pressure on employers to raise wages, the consumer price index (CPI) rose 8.5 percent year-over-year in March—the largest 12-month...
Sheep Herders Across The Western US Sue Employers For Wage Suppression
COMP NEWS - U.S. Sheep herders are bandying together to sue their employees for what they have called "cartel-like" wage suppression. Sheep herders in the U.S. West have banded together to sue their employers, accusing them of operating an illegal cartel that...
Wells Fargo Employees Push For Union Amidst Bank’s Overtime Pay Allegations
COMP NEWS - Workers across Wells Fargo, a major leader in the US banking industry, are looking to organize a union. The move comes amidst a series of scandals the bank has suffered over the last several years, including one in which the financial behemoth was accused...