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Survey Says 62% of Employers Plan to Increase Base Salaries to Attract New Employees
COMP NEWS - A new survey from Salary.com reveals that nearly two-thirds of employers are planning to increase base salaries in a bid to find new employees. Job seekers hoping to secure signing bonuses had better move quickly, as employers are indicating in a new...
Google Employees Who Work From Home May Face Lower Compensation
COMP NEWS - Google employees may be given the chance to work remote work from another state. The catch? They may take a pay cut for doing so. Google employees based in the same office before the pandemic could see different changes in pay if they switch to working...
U.S. Labor Market Sees Strong Job Gains, Lower Unemployment Rate In July
COMP NEWS - The United States saw strong growths in the job market in both June and July, a sign that the economy is continuing to recover from nearly a year and a half of chaotic pandemic acclimations. U.S. employers hired the most workers in nearly a year in July...
Arizona Leads Nation For Small Business Job Growth, Report Finds
COMP NEWS - Payroll company Paychex announced in a recent report that Arizona leads the nation for small business job growth. The Small Business Employment Watch from Paychex and its approximately 350,000 clients shows Arizona’s small business jobs index is at 101.72...
Money For Medals: The Lucrative Compensation Of Olympic Achievements
COMP NEWS - Olympic athletes who come home with medals may also be returning with a payday - in some countries, quite large ones. USA Today reports that many countries participating in the 2020 Tokyo Olympics offer lucrative compensation bonuses for their Olympic...
Walmart Giving Bonuses And Raises To Retain Warehouse Workers
COMP NEWS - Walmart has announced a series of special bonuses and incentives in an attempt to retain their warehouse workers. Walmart is offering its warehouse employees bonuses and temporary pay raises to work every shift they are scheduled. While the bonus...
CVS Health Raising Employee Minimum Wage To $15 An Hour
COMP NEWS - CVS Health joins a long list of retailers who have announced an increase in base wages in order to attract new workers. On Wednesday, the pharmaceutical retailer announced that it was raising its minimum wage from $11 an hour to $15 an hour by July 2022....
Target Announces It Will Pay For Its Employees’ College Education
COMP NEWS - The Target Corporation has made a bold announcement in a bid to expand and retain its workforce: it will soon be paying for its employees to attend college. The Target Corporation announced Wednesday that it would pay for the full cost of college for its...
Americans Will Take Pay Cuts To Avoid Returning To The Office
COMP NEWS - American workers are so determined to continue working from home, that nearly two-thirds of them will take a pay cut to stay out of the office. An online survey commissioned by Breeze, an insurance company, found that 65% of American workers who said their...
A Toxic Workplace Triples Your Risk of Depression, a New Study Finds
COMP NEWS - A bad day at work can put anyone in a bad mood. But a bad job? It can keep you in a terrible season of life. A recent study found that working for a company that doesn't value its workers' psychological well-being can raise the risk of depression in its...
Minimum Wage Workers Earn 21 Percent Less Than Their Counterparts 12 Years Ago
COMP NEWS - A new survey has indicated that the United States' current minimum wage has lost around 21% of it's value over the last twelve years. A new report published Thursday by the Economic Policy Institute (EPI) found the $7.25 minimum wage has lost roughly...
61% of Canadians Prefer A Hybrid Or Remote Work Model To An Onsite One
COMP NEWS - A survey has found that nearly 3/5 of Canadian workers prefer a hybrid or remote work model when compared to an onsite one. The research report encompassing 9,326 workers in 11 countries titled, “The Future of Work: Productive Anywhere,” found that while...
Biglaw Firm Announces Raises And Special Bonuses Amid Aim For Healthy Work-Life Balance
COMP NEWS - Another top law firm has announced an array of new compensation increases in both salary and bonuses, joining a hyper-competitive year among law firms that are vying to retain top associates. Cozen O’Connor — a firm that brought in $530,875,000 gross...
WorldatWork Releases Incentive Pay Practice Surveys for 2021
COMP NEWS - WorldatWork has released its 2021 survey results on Incentive Pay practices across four categories: Publically traded companies, privately held companies, nonprofit organizations, and government organizations. The survey results on privately held companies...
