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PNC Bank To Raise Base Wages To $18 An Hour
COMP NEWS - PNC Bank is raising the base wage of its employees from $15 an hour to $18 an hour, a 20% compensation increase for over 20,000 of its employees. PNC Bank is the latest large U.S. financial services company to increase wages in a bid to keep and attract...
Automated Hiring Software Is Rejecting Millions Of Qualified Job Candidates
COMP NEWS - Automated hiring software is rejecting qualified candidates on an alarming scale, according to a new report from Harvard Business School. Automated resume-scanning software is contributing to a “broken” hiring system in the US, says a new report from...
A Hospital Is Offering Up To $40,000 Sign-on Bonuses To Combat Nursing Shortages
COMP NEWS - As hospitals across America struggle to meet the demands of surging COVID cases, some are offering substantial sign-on bonuses to fill the gaps in high-priority positions. Though a nursing shortage has been looming for years, the pandemic accelerated the...
St. Louis Is Offering Incentive Pay For Metro Transit Bus Drivers And Mechanics
COMP NEWS - St. Louis is offering incentive pay options to its Metro Transit workforce in an effort to retain and attract bus drivers and mechanics, the city recently announced. Grappling with a shortage of drivers and mechanics, Metro Transit plans to begin offering...
It’s A Worker’s World As Colorado Labor Market Struggles To Find Employees
COMP NEWS - There's a buffet of options for employment in Colorado. The problem? Not many people are grabbing a plate. The Colorado labor market is still struggling to find employees who will stay for the long haul. Though Federal Unemployment Benefits end on...
70 Per Cent of Canadian Businesses Struggling To Find Top Talent
COMP NEWS - A new poll sheds light on the struggles Canadian businesses have found in seeking both top talent and workers with digital skillsets. The COVID-19 pandemic compelled many Canadian businesses to adopt a digital-first mindset to survive, but most...
Employers Can’t Escape Colorado’s Compensation Laws By Making Jobs Remote
COMP NEWS - The Colorado Department of Labor and Employment has issued a formal opinion on the state's Equal Pay for Equal Work Act. The notice clarifies that the law in question extends to any employers that employ residents in the state of Colorado, even if those...
AIA Publishes Compensation Report With Mixed Bag Of News For Architectural Professionals
COMP NEWS - The American Institute of Architects released a new compensation report, showing a mixed bag of changes in the architectural field over the last year. Overall, the compensation for architectural staff has remained fairly consistent. However, the industry...
NASCAR Driver And MLS Soccer Star To Receive Part of Their Salary in Crypto
COMP NEWS - Two professional athletes, Nascar driver Landon Cassill and MLS Forward CJ Sapong, have opted to receive part of their salaries in the form of digital cryptocurrencies. They join a growing line of active sports professionals that have begun to diversity...
Charles Schwab To Raise Employee Compensation by 5%, Delay Return To Office
COMP NEWS - Charles Schwab is boosting the compensation of its over 32,500 employees by 5%, the firm announces. The news comes as they also announce a delay in plans for staff to return to the office due to concerns about delta variants of COVID-19. The pay raise,...
Judge Rules Prop 22 Unconstitutional, Poising Gig Workers To Claim Employment Protections
COMP NEWS - A California judge has ruled Prop 22, the tech industry ballot initiative that sought to exempt gig and app-dispatched workers from being classified as full-time employees, as unconstitutional. The ruling comes as a striking blow to tech giants that...
Illinois Legislature Passes Law Regulating Restrictive Covenants Through 2037
COMP NEWS - Come January 1, 2022, a new Illinois law will change the legal provisions of restrictive covenants in employment agreements. These provisions will continue to gradually adjust through 2037. The new law will affect non-compete and non-solicitation...
New Survey: 65% of U.S. workers Are Seeking New Employment
COMP NEWS - A new survey indicates that nearly two-thirds of American workers are on the prowl for new jobs. Nearly two-thirds of workers are on the hunt for a new job—and they’re getting them. Nearly nine out of 10 company executives say they are seeing...
Minnesota To Adjust Minimum Wage in 2022 To Meet Inflation
COMP NEWS - Minnesota is set to adjust its minimum wage next year in order to keep pace with the United States' rate of inflation. Minnesota’s minimum-wage rates will be adjusted for inflation Jan. 1, 2022, to $10.33 an hour for large employers and $8.42 an hour for...
