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Southwest Airlines Ground Workers Reach Deal for Average 18% Pay Bump
COMP NEWS - Southwest Airlines has reached a tentative agreement with union workers who haven't had a pay increase in almost three years. Southwest Airlines has reached a contract with its ramp, operations, provisioning and freight agents that’ll give workers an...
Study: RTO Doesn’t Improve Company Value, It Just Makes Workers Upset
COMP NEWS - Return-to-office (RTO) mandates are becoming increasingly popular among executives, but data demonstrates that forcing workers back into the office does little besides make them unproductive and miserable. For some, having to work from home during the...
Gig Worker Pay for Food Delivery Declined Last Year By as Much as 15%
COMP NEWS - Gig worker pay fell for many workers last year, with Uber Eats drivers seeing the biggest decline in pay of more than 15% on average. Delivering for Uber Eats and DoorDash as a gig worker got less lucrative last year, according to a new study. Uber...
Amazon, SpaceX, Trader Joe’s Argue That National Labor Board is Unconstitutional
COMP NEWS - Amazon joins both SpaceX and Trader Joe's in making an unusual claim in court; that the National Labor Relations Board - which protects and enforces collective labor rights for employees, such as those related to bargaining for compensation - is...
Cisco Is Slashing 5% of Its Workforce, Eliminating More Than 4,000 jobs
COMP NEWS - Tech giant Cisco is slashing around 5% of its workforce, cutting more than 4,000 jobs as it seeks to increase its profits. Cisco announced plans to cut 5% of its workforce on Wednesday, a decision that will result in the elimination of about 4,250 jobs....
Incidental Bonuses Are Becoming Increasingly Popular
COMP NEWS - Organizations are increasingly turning to incidental bonuses and other variable-pay compensation in order to reward long-term employees. The use of referral, sign-on, spot and retention bonus programs continues to rise as organizations seek forms of cash...
Companies Are Making Big Profits. So Why Are There So Many Layoffs?
COMP NEWS - Companies everywhere are posting large profits. The U.S. labor market shows signs of increasing resilience. Unemployment remains below 4%. So why are so many companies laying off staff? The U.S. labor market has been called “hot” and “surprisingly...
More Companies Are Using AI in Their Hiring Processes. It May Be Filtering Out the Right Applicants.
COMP NEWS - As companies increasingly use AI in their hiring processes, applicants are finding themselves filtered out of roles they may be the perfect fit for. Body-language analysis. Vocal assessments. Gamified tests. CV scanners. These are some of the tools...
Workers Who Use Artificial Intelligence Get Nervous About Losing Their Jobs to it
COMP NEWS - A new survey highlights a significant correlation between workers who use artificial intelligence for their jobs and workers who are also scared of losing their jobs to artificial intelligence. There is a direct correlation between using artificial...
Boeing Workers Plan to Demand a 40% Pay Increase
COMP NEWS - Unionized workers at Boeing are planning to ask for a 40% raise and better health insurance, setting the stage for what is sure to be an intense negotiation between workers and management. Boeing has been under intense scrutiny following a dangerous...
UK Employees Set to See Slip in Salary Rises in 2024
COMP NEWS - UK employees will see lesser increases in salary increases in 2024 as companies plan to spend money to increase their workforce numbers. UK employees can expect lower salary increases as employers reduce hiring plans for 2024, with a widening wage gap seen...
Newly Released Architectural Compensation Survey Unpacks Salary and Benefits Trends
COMP NEWS - A new survey on compensation at architectural firms sheds light on salary and benefits packages, showing that the national median salary for new graduates now sits at about $59,000. Workplace satisfaction is like a stool, with three legs holding it up: an...
New Surveys Provide Insights for Canadian Comp Planning in 2024
COMP NEWS - A series of new surveys on Canadian compensation planning indicate that 2024 will be the year of sufficient - but not impressive - pay raises for employees. Three new surveys came out recently, painting another cautious picture for 2024 when it comes to...
Feds Need 7.4% Pay Raise Next Year to Close Pay Gap
COMP NEWS - Federal employees need a sizable pay bump next year to begin closing the pay gap between the public and private sectors. Federal employees earn around 27.5% less on average than their peers in the public sector. Federal employees earn 27.5% less on average...
