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Young Workers Share Salary Information As Pay Transparency Gains Popularity
COMP NEWS - The old taboo of sharing salary information might be dissipating. A recent survey from Bankrate.com shows that Gen Z and Millennials share their salary information more frequently than their older peers. Some 42% of Gen Z workers, ages 18-25, and 40% of...
What Are IT Professionals Earning These Days? Survey Shows Compensation Has Slowed
COMP News - InformationWeek recently conducted a survey analyzing salaries of Information Technology (IT) professionals in an attempt to glean information regarding compensation trends in the industry. InformationWeek checked in with IT professionals across the US to...
Google May Be Raising Compensation, Revamping Employee Reviews
COMP NEWS - Google is changing its employee performance evaluation process in order to design a more performance-based compensation system. The change comes in response to rising tension between Google and its employees over remote work conditions and deductions in...
Tesla Reduces Bonus Structure, Raises Salary Compensation
COMP NEWS - Tesla has announced that it is canceling any employee bonus that was based on meeting delivery quotas. However, Tesla is increasing salary compensation to make up for the lost employee bonuses. Tesla has decided to cancel any employee bonuses tied to its...
Startups Apply Artificial Intelligence to Combat Supply Chain Disruptions
COMP NEWS - In response to product shortages and supply chain disruptions driving up recent inflationary pressures, several startups have begun using innovative technologies such as artificial intelligence to minimize disruption. Interos Inc, Fero Labs, KlearNow Corp...
Should Employers Offer Financial Education To Their Workers?
COMP NEWS - As the Great Resignation lurches on, some employers are offering financial-wellness programs as a benefit in an attempt to retain current employees and even attract new talent. In the continuing war for talent in the American workplace, employers have been...
Physician Assistant Salaries Increased by 4.5% in 2021
COMP NEWS - Base salary for physician assistants (PAs) increased by 4.5% in 2021 after declining the previous year. Base compensation for PAs has rebounded from a slight dip in 2020, increasing 4.5% from a median of $110,000 in 2020 to $115,000 in 2021, according to...
Salary Budget Growth of 5% Most Common Increase in New Survey
COMP NEWS - A new survey done by Salary.com shows that almost half of companies are allocating merit-based salary increases by around 5%. A new survey of employers by compensation data and analytics firm Salary.com shows that most U.S. organizations (73 percent) are...
Is Job-Hopping Disrupting Pay Equity?
COMP NEWS - Employers often face issues regarding pay equity when employees demand raises after receiving external offers. This is due to employers having to choose between matching the external offer or risk losing a talented employee. This effect has only been...
Mastercard Expands ESG Goals to Apply to All Employee Bonuses
COMP NEWS - Mastercard is expanding its policy of tying executive bonuses to environmental, social, and governance (ESG) goals to apply to all employee bonuses. The company hopes that this will encourage all employees to get behind the current ESG programs that are in...
Employee Satisfaction Near Record Low Among Full-Time Office Workers
COMP NEWS - A recent survey from the Future Forum has indicated that employee satisfaction has reached record lows since data had begun to be collected in June 2020. According to the findings, 34% of knowledge workers stated that they are now working in person five...
Verizon Wireless Raises its Minimum Wage to $20 an Hour
COMP NEWS - Verizon Wireless is raising its minimum wage to $20 an hour, making it the next in a long line of companies increasing compensation to retain workers. Verizon’s announcement that it was increasing its minimum salary to $20 per hour is another indication of...
Fat Brands’ CFO Gets A Retention Bonus
COMP NEWS - Performance bonuses are commonplace for many United States employees, however, some companies have begun using retention bonuses to encourage and reward employees for remaining with the company. Recently, Fat Brands’ Chief Financial Officer was offered...
Lack Of Engagement From Remote Workers Can Lead To Early Termination: New Study
COMP NEWS- A new study shows that employees with low engagement during remote working are being terminated from their jobs. Working virtually can come with a stiff price tag: Remote workers who fail to engage properly on Zoom and other video calls to the satisfaction...
