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US Army Incentive Bonus Reaches All-Time High
COMP News - To bolster recruitment efforts, the US Army is offering more robust incentive bonuses to new recruits. Maj Gen. Kevin Vereen, head of Recruiting Command, told The Associated Press that the Army hopes the increase in bonuses will help attract new talent...
All Job Postings in Washington State Will Likely Soon Include Salary Information
COMP NEWS - A Washington bill that will require employers to disclose salary information in job listings may soon be signed into law. Washington employers will soon have to disclose the starting salary for open positions to job applicants — at the beginning of the...
Public School Students Achieve More Under Well-Compensated Teachers, Study Shows
COMP NEWS - A landmark study has suggested that students achieve higher marks in schools when taught by educators who are well-compensated for their roles. Economist Emma García, formerly based at the Economic Policy Institute and now a Senior Researcher at the...
Apple Signs Big Checks to Retain Talent Amid Tech Exodus
COMP NEWS - Recently, Apple has been feeling pressure from competitors who are trying to lure employees away from the consumer tech giant. Competition for talent has been coming from other well-established companies as well as high-budget startups. The race for talent...
Seattle Food Bank Provider Increases Wages to $25 an Hour to Combat Turnover
COMP NEWS - Food Lifeline, one of the largest food bank providers in Washington, has increased its minimum wage to $25 an hour in a bid to retain its staff members. Near the end of 2021, without a press announcement or much fuss, Food Lifeline quietly raised its...
Retention Bonus Didn’t Stop Denver Teachers From Leaving
COMP NEWS - Job separation rates have remained high in the two years since the COVID-19 pandemic began, with educators being among the most affected professions. Recently, a study by the University of Colorado sought to determine whether a $2,500 bonus payment to...
Inflation Cuts Into Farmer Margins as Agricultural Industry Suffers
COMP NEWS - High rates of inflation are affecting the agriculture industry through higher input costs. Supply chain disruptions combined with Russia's ongoing war with Ukraine have taken a toll on the margins of many farmers, globally. That’s the problem for Eddie...
Indian AI Firm Gives NFT’s to Employees as Appreciation Bonus
COMP News - An artificial intelligence firm based in India is rewarding its employees with unique NFTs as an appreciation bonus. Artificial Intelligence (AI) company ORAI Robotics has announced on Monday that they have gifted Non-Fungible Tokens (NFT) as appreciation...
L.L. Bean Boosts Revenue in Record-Setting FY ’21, Approves Bonuses
COMP NEWS - Outdoor retailer L.L. Bean is distributing some of the profits from its 14% revenue increase in 2021 by allocating new bonuses for employees. The company is offering a one-time performance bonus that amounts to 20% of annual pay per employee. The...
40% of Freelance Designers Turned Down Work Last Year. Here’s What Matters More Than Raw Compensation
COMP NEWS - A new study by 99designs, a freelance design platform, recently uncovered that nearly half of all freelance designers turned down work in 2021. The number one reason for turning down work was a disagreement on a social issue. ...according to the freelance...
Pandemic Generation of Junior Lawyers Win Power Amid Talent War
COMP NEWS - The ongoing talent war has empowered junior lawyers to seek new work opportunities and better compensation from their current employers. The last two years ushered in a massive jump in corporate work throughout Big Law and kicked off a feeding frenzy for...
Amid Inflation Spike, Executives at J&J, Bayer, GSK Temper Profit Expectations
COMP NEWS - Inflationary pressures are putting a strain on the profitability of top pharmaceutical companies as input costs rise. Recently, executives at some of the largest companies in the industry have been expressing their expectations for lower profits than were...
Elden Ring Publisher Giving Employees Pay Increase Due To Game’s Success
COMP NEWS - Bandai Namco, the publisher of the recently released and critically acclaimed video game “Elden Ring”, announced to its Japanese staff an upcoming pay increase in April amounting to an average increase of 50,000 yen (or about 500 USD) per month. Announced...
Human Capital Retention In The Great Resignation
COMP NEWS - As the war for talent continues, HR managers are determining how different compensation structures may affect employee retention. Another component for boards and leadership teams to evaluate is compensation structures. Everybody has understood that tech...
