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51% of Michiganders Struggling With Monthly Bills As Inflation Swells, Survey Finds
COMP NEWS - According to a recent survey by the US Census Bureau, more than half of Michigan respondents claimed that they are struggling to pay monthly bills. Michiganders are feeling this pinch with more than half saying they are struggling to pay monthly bills,...
U.S. Labor Market Nears Pre-Covid Levels, But Recovery Is Uneven
COMP NEWS - Unemployment levels are finally returning to their pre-covid levels, with the unemployment rate dropping to around 3.8% in February,. It's been a long journey, but the labor market shows strong signs of recovery after the pandemic. The jobless rate, at...
Companies Are Giving New Employees PTO To Use Before They Start
COMP News - As the working world grows more competitive with its top talent, companies are raising the stakes by raising employee benefits in a bid to retain the best. Some trendsetting organizations, such as Amazon and United Airlines, give employees large sign-on...
Why Can’t Companies Fill Jobs? Survey Aims To Find Out What’s Fueling ‘Great Resignation’
COMP News - Guilford Works conducted a compensation survey to find out why employees are quitting their jobs. The survey revealed that many employees felt that their employer was not offering enough compensation. The survey also revealed that employees are concerned...
Inflation Alert: McDonald’s Big Mac Is Outpacing The Cost Of Living, Price Up 40%
COMP NEWS - It's no secret: high inflation has dominated news channels for months now, and consumers are still contemplating the practical implications of ballooning inflation. To help describe these effects, many economists use what is called the ‘Big Mac Index' as a...
The ‘Great Resignation’ Continues To Gut The Supply Chain Industry
COMP NEWS - The great resignation has affected the supply chain industry in a major way which has had an impact on US inflationary pressures. The so-called “Great Resignation” of American workers quitting their jobs in record numbers is one of the factors driving...
American Family Insurance Raises Minimum Wage To $23/Hour
COMP NEWS - American Family Insurance will be raising its company minimum wage to $23 an hour. AFI claims to have made this change in hopes to remain competitive in the country’s current labor market. This change will directly affect around 2000 employees. American...
Tech Giants Turn To A Classic Recruitment Tool: Cash Bonuses
COMP News - Some organizations in the tech industry are turning to cash bonus plans to award employees and promote retention. Alphabet Inc., GOOG 1.39% which owns Google, adopted a new cash bonus plan in October that lets the company give employees bonuses of nearly...
The Russia-Ukraine War Might Increase Oil Prices In The US
COMP News - Many economists suspect that economic turbulence caused by the ongoing Russian invasion of Ukraine could affect rates of inflation in the US. Economists are bracing for a suspected increase in the cost of oil, a major component of US spending. That’s...
New Inflation Reading Shows The Small Business Tipping Point Has Been Reached
COMP NEWS - With inflation heavily impacting the world, small businesses are being forced to pass along rising costs to customers to stay profitable. The latest Consumer Price Index reading, the highest in four decades, isn’t the only sign that inflation is extending...
What Follows The Great Resignation? New Job Anxiety
COMP NEWS - Settling into a new position can be nerve-racking. As the great resignation continues, HR professionals are searching for ways to best ease this ‘new job anxiety' that may take effect. Millions quit their jobs to join the Great Resignation, but the process...
US Companies Target Environmental And Social Targets To Executive Bonuses
COMP News - Many top US companies are adding bonus awards for executives based on environmental and social targets. Recently, Starbuck’s CEO, Kevin Johnson was rewarded for reducing the company’s plastic straw use. Kevin Johnson, Starbucks’s chief executive, earned a...
Salaries Soar As Satisfaction With Compensation Wanes
COMP News - The 2022 Agency Salary Survey conducted by Insurance Journal confirms what the Great Resignation has revealed - that employees are no longer satisfied with only pay increases. Results from the survey indicate that employees would much rather have...
Following Employee Outcry, Ford Increases Bonuses For Some Salaried Workers
COMP News - Ford recently announced that it will double 2021 bonuses for its lower-level employees and supervisors. These changes come after a wave of employee complaints concerning inequity in bonus amounts were levied against the company. At issue are bonuses for...
