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USPS Employee Satisfaction Falls Behind Competitors, IG Analysis Finds
COMP NEWS - High compensation. Solid benefits. But still, worker unhappiness plagues the United States Postal Service. That's why the USPS recently conducted multiple employee satisfaction surveys in a recent attempt to find out why the company is experiencing such a...
Kansas Panel Considers Telehealth Study To Frame Pay Parity
COMP NEWS - As telehealth gains popularity, many are wondering how traditional health services will be affected. One of the areas of discussion is in regards to compensation differences between telehealth providers and their traditional, in-person counterparts. This...
In ‘War for Talent,’ Employers Hold the Line On Health Benefit Costs
COMP NEWS - Employers are expecting healthcare prices to rise in the next year. In today’s difficult labor market, employers are attempting to find ways to increase employee healthcare benefits while mitigating an increase in cost for the employees themselves. Many...
Chesapeake Energy Long-Term Incentive Program To Be Linked To Shareholder Returns
COMP News - As firms across the country are reevaluating their compensation plans in the wake of COVID-19, an energy company in Chesapeake seeks to permanently change its long-term incentive plan to improve performance and lock executives into company tie-ins....
Law Firms Offer Up To $164,000 Bonuses For Associates Working 100 Hour Weeks
COMP News - Throughout the pandemic, big law firms across the industry have realized their employees are facing burnout. One way these firms are helping their employees is through bonuses. In September 2020, Cooley LLP, a Palo Alto-based law firm, announced it was...
New Survey Names Top Benefits Being Offered By Employers
COMP NEWS - The Society of Human Resource Managers (SHRM) recently completed a survey that aimed to determine which benefits are being offered by businesses. In a competitive labor market, benefits are gaining importance in the eyes of many prospective employees. The...
Companies Expect A Surge In Healthcare Costs In 2022
COMP NEWS - Many companies are expecting additional utilization of healthcare benefits in the year 2022. These additional costs are reported to stem from non-essential surgeries and procedures that were put off during the pandemic, as well as higher utilization of...
US Employers Add A Weak 194,000 Jobs In September Labor Report
COMP NEWS - The US added 194,000 jobs in September according to a new Bureau of Labor Statistics report, a large step back compared to the steady job growth shown in previous months. The slowing growth shows that several challenges are still affecting employers trying...
Accounting Giant PwC Announces 40,000 U.S. Employees Will Work From Home
COMP NEWS - PwC announced that over 40,000 employees will be offered the ability to work remotely. If an employee meets certain conditions, they will be offered the opportunity to move anywhere they want and work from home. However, their compensation will change...
Washington State Sets New Minimum Wage For Next Year
COMP NEWS - With the recent surge in inflation, some states are looking for a way to keep consumer buying power steady. Washington state announced that for the year 2022, they will be raising their state minimum wage. Washington’s minimum wage will rise to $14.49 next...
New Jersey Launches ‘Return and Earn’ Program Offering Incentives To Workers, Small Businesses
COMP NEWS - The unemployment rate currently sits at 5.2%, and while this is a drop of .2% from last month, the rate is still higher than it was at this time two years ago. This has left many wondering how to further accelerate the recovery of the labor market and...
Higher Pay And Work Perks Aren’t Enough To Entice Retail Workers For The Holiday Season
COMP NEWS - As Fall arrives and the Summer months slip into the rearview mirror, labor shortages continue across the United States in multiple critical industries. Major retailers are getting ready for a potential record-breaking holidays season. Even as many...
Amendments Impacting Connecticut Hiring Practices Take Effect October 1
COMP NEWS - Amendments affecting diversity, equity, and inclusion are to be implemented and will take effect beginning October 1st. The first amendment, in Public Act 21-69 entitled “An Act Deterring Age Discrimination In Employment Applications,” reflects a new basis...
beqom Study Uncovers How Compensation and Benefits are Impacting Talent Shortages
COMP NEWS - Employee expectations are continually changing in today's marketplace, with an increased emphasis on compensation transparency and workplace flexibility. A recent beqom survey shows how compensation impacts talent shortages as more and more workers signal...
