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Candid Releases 2021 Nonprofit Compensation Report
COMP NEWS - Candid has recently released a report that analyzes compensation data amongst nonprofit organizations from 2021. The report serves as a resource for other organizations to benchmark their own compensation levels and evaluate their compensation practices....
Kellogg Receives Blowback After Firing Its Striking Workers
COMP NEWS - Kellogg's has been in an embattled state between its management and its union employees. Tensions reached a peak recently after union workers rejected a new contract offer from Kellogg. Kellogg, in response, proceeded in firing its striking workers by...
Inflation Soars, But Relief May Be On The Way
COMP NEWS - Inflation has been notably high for the last year, as supply chain issues have caused product shortages, and an increase in the money supply through stimulus checks and other government assistance has increased consumer spending. Luckily, many economists...
Wisconsin-Based Wellness Company Expanding In-Person Benefits
COMP NEWS - A Wisconsin-based company named COR Wellness is attempting a new method of employee compensation in order to maintain a high-efficiency workforce. The company is implementing many on-site amenities such as a chiropractor and culinary classes. A...
The ‘Career Curiosity’ Mental Shift That The Great Resignation Is Forcing On Employers
COMP NEWS - The pandemic has strained hiring efforts for employers and forced employers to reconsider how to attract and retain talent. Recently, some leaders are claiming that educating and reskilling employees may be the missing secret to gaining talent. Heidi...
Bitcoin Price Tumbles After Wall Street Selloff
COMP NEWS - Bitcoin and other cryptos fell drastically last weekend, indicating that investors still see them as a very high-risk asset class. Bitcoin and other cryptocurrencies fell sharply at the start of the weekend, another sign that investors were pulling back...
Equality Required in Each Pay Type, Not Just Total: 4th Circuit Ruling
COMP NEWS - A ruling in the US Court of Appeals 4th Circuit could bring massive implications for future compensation methods by altering the legal definition of wages. A medical device company named Tactile Systems Technology Inc. must deal with a new ruling by the...
Miami Mayor Seeks Wider Cryptocurrency Adoption After Taking Pay in Bitcoin
COMP NEWS - Francis Suarez, mayor of Miami, recently took a paycheck in the form of bitcoin as a signal for his plans to incorporate wider adoption of cryptocurrencies within the city. Miami Mayor Francis Suarez, who said earlier last month he would take his next...
Retailers Use Pay Incentives to Retain Staff for Holiday Season
COMP NEWS - As the holiday season begins in earnest, major retailers are turning towards new pay incentives in order to retain employees working through the holiday season. In light of nationwide staffing shortages and some of the busiest shopping days of the year...
What Do Americans Want From Jobs After COVID-19?
COMP NEWS - The onset of COVID-19, along with the myriad of social and economic changes it brought, caused what many are calling the “great resignation” in the United States. As hiring rates skyrocketed once businesses began to open, the labor market became very...
California Legislature Enacts New Employment Laws To Take Effect in 2022 (US)
COMP NEWS - California is preparing to strengthen several employment laws in an effort to fight forms of wage theft and strengthen labor rights. One of the biggest changes in the upcoming provisions would make failure to pay wages a felony of "grand theft." Under...
Perfect Job Involves 26-hour Working Week, £44,000 Salary, Survey Finds
COMP NEWS - Raja Workplace commissioned a survey of 2000 UK workers in an attempt to find what makes a ‘dream job’. In finding this, their survey aimed to analyze what employees value most in a working environment. The perfect job involves a 26-hour week with a salary...
Odell Beckham Jr. Seeking Cryptocurrency Compensation From LA Rams
COMP NEWS - Newly signed Los Angeles Rams’ wide receiver, Odell Beckham Jr., announced on Twitter that he plans to take his salary in Bitcoin. The LA Rams have just signed a new wide receiver to the team by the name of Odell Beckham Jr. Well, he may be wise to change...
Dorsey Caps Partner Draws, Furloughs a Fragment of Its Workforce
COMP NEWS - Law firms across the US had a very positive 3rd quarter. However, highly paid associates are taking a large chunk out of legal firms’ bottom lines. The latest Thomson Reuters Peer Monitor Index, which tracks economic indicators at large and midsized law...