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Inflation Drives Up Electricity Costs In California By 9-20%
COMP NEWS - PG&E, an electricity provider in California, is raising the cost of its electricity, stating that inflation has made electricity more expensive. PG&E is once again raising its monthly rates – The state’s Public Utility Commission approved the...
Union Employees At Kentucky American Water Call Off Strike – For Now
COMP News - Employees of Kentucky American Water called off an impending strike and agreed to meet with their employer to negotiate new terms. Kentucky American Water employees who had planned to go on strike Friday night will stay on the job for now while they...
Amazon More Than Doubles Salary Caps to $350,000 for US White-Collar Employees
COMP News - In a move to retain and attract new talent, Amazon has doubled its salary cap to $350,000 for administrative positions. Amazon is dramatically increasing salary caps for its US-based technology and corporate workforce, in a nod to how the pandemic has...
New Survey Details The State of Workplace Connection
COMP NEWS - Blueboard recently released the results of a study that aimed to gain an understanding of the priorities of HR professionals as well as how they view workplace connection. Nearly 400 HR professionals and over 500 individual employees were surveyed, and...
America’s Labor Shortage Is Bigger Than The Pandemic
COMP NEWS - The current labor shortage is lending itself to be almost as disruptive as the ongoing pandemic itself. The national shortage of employees is causing supply chain issues and potential inflationary pressures. Millions of immigrants, older workers and...
Inflation Was Hottest in Atlanta, Mildest in San Francisco in 2021
COMP NEWS - The pandemic caused a noticeable migration within the United States and this is having an impact on inflation rates across the country. Intuitively, cities with the highest influx of people have seen the worst of the recent record inflation, while cities...
Former McDonald’s CEO: Inflation Is Driving Every US restaurant ‘Absolutely Crazy’
COMP News - Even America's golden arches are feeling the results of inflation. Prolonged supply chain issues have lead McDonald's to raise its prices at the start of the year. “Portion sizes are shrinking. Prices are going up. It's just insane what's happening in the...
The “Great Resignation” Has A Silver Lining For HR
COMP NEWS - As the ‘Great Resignation’ looms heavy on the mind of many HR professionals, some are arguing that the current labor market may not be as treacherous as expected. While it is true that many employees are looking to switch careers, this does not always mean...
Wall Street Banks Give Huge Payouts In Best Holiday Bonus Season Since 2009
COMP News - Wall Street banks have had an incredible year due to a high volume of mergers, an increase in initial public offering activity, and gains in the stock market. Top Wall Street bank employees are receiving multi-factor holiday bonuses after a profitable year...
Panama City Beach Restaurant Institutes 20% Service Fee
COMP NEWS - Shades Bar and Grill, a restaurant in Panama City, has instituted a 20% restaurant service fee to all of its orders. This service fee is to keep restaurant employees happy as well as fight the rising rate of inflation. For Steven Sapp, director of...
Law Firms Lost Nearly A Quarter Of Their Associates In 2021
COMP NEWS - A new 2022 report shows that law firms have been bleeding money during attempts to remedy their high turnover rates, with mixed success. Many law firms lost nearly a quarter of their associates in 2021. As associate turnover rates hit record-high levels,...
Charlotte-Based Company Novant Health Gives Workers Choice Between Extra Vacation Or Cash
COMP News - One of Charlotte’s top employers is giving their employees a bonus. Novant Health's new employee bonus can either be additional paid time off or a cash bonus. In a news conference Thursday, Novant Health Chief People Officer Carmen Canales told reporters...
Half Of Employees Would Sacrifice Pay For Benefits
COMP News - A report by MetLife UK shows that involved 1,200 employees and their employers found that employees would prefer individualized benefits over more pay in most cases. More specifically: 50% of employees would rather have tailored benefits even if it meant a...
Amazon’s Longtime Strategy Of Hiring ‘Missionaries’ Over ‘Mercenaries’ Is Imploding, Employees Say
COMP NEWS - Insider released study results on Amazon’s compensation structure. The study shows that Amazon pays employees much less than the industry average. This lower pay has led to complaints from Amazon’s workforce. Insider reported on Wednesday that the...
