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Only 3% of Jobs Posted on Tennessee’s State Job Board Offer Above $20,000 Per Year
Comp News - There are over 250,000 jobs posted on Tennessee's job board, a fact which many of the state's Republicans have used as evidence for the need to eliminate social unemployment programs within the state. There's just one catch - less than 3% of those...
City of Aspen Looks To Establish Employee Compensation Philosophy
Comp News - The city of Aspen is hiring an outside consulting firm to enact an organization-wide study on the compensation of its employees. The report will investigate whether the city compensates its employees adequately and if its payscale is effective enough to...
Hospitality Employers Bolster Recruiting Efforts With New Compensation Tactics
COMP NEWS - Restaurants, hotels, and entertainment venues across America have rolled a bevy of new compensation tactics to fill in vacant slots that have opened up sooner than expected. Some employers have turned towards sign-on bonuses and referral bonuses in order...
Some Texas Teachers Will Top $100,000 In Compensation For Teaching At Low-Income Schools Devastated By COVID-19
Comp News - Texas is planning to give some of its best teachers an incentive bonus to teach at low-income schools that have been wrecked by the effects of COVID-19. The new bonus structure would pay out between $3,000 to $32,000 in stipends based on two factors: the...
Survey finds 94% of US retailers experiencing difficulties filling vacant roles
COMP NEWS - A survey of 50 major US retailers has revealed a startling statistic: nearly 94% of US retailers have been experiencing difficulties filling available positions. The news may not be a complete surprise to those who have followed news from the country's...
Lawyers Get Sky High Bonuses of $164,000 In Industry-Wide Bid To Retain Top Talent
Comp News - The one-time pandemic bonuses that started out as a singular gesture of appreciation have multiplied and intensified into an industry-wide wage war between top law firms. Whereas 2020 was a terrible year for many workers, 2021 is shaping up to be...
Bank of America to raise minimum employee compensation to $25/hour by 2025.
In the wake of the recent labor squeeze rocking numerous U.S. industries, a bevy of major corporations have announced wage increases to lure in new employees. Now, Bank of America is set to exceed its peers by raising the minimum wage for its employees to $25 an hour...
Vatican Employees Pen Open Letter Describing Poor Compensation and Working Conditions
Vatican employees have a confession to make, but you don't have to be in a confessional booth to hear about it. You can instead read it in several Italian newspapers, where numerous Vatican employees have just penned an open letter describing their unhappiness with...
Denver, Colorado announces $1,600 incentive bonus as part of “Jumpstart” to get unemployed workers back into jobs
Denver has a new plan to get unemployed residents back into the workforce. In an executive order announced Wednesday by Gov. Jared Polis, the "Colorado Jumpstart Incentive" seeks to entice the unemployed by providing a $1,600 incentive bonus to those who acquire jobs...
Under Armour to raise hourly wages to $15 for more than 8,000 Canadian, U.S. workers
Under Armour has announced its intention to raise its hourly compensation for over 8,000 employees to $15/hr . Like many other companies coming out of the pandemic, Under Armour is seeking to hire a large swath of new employees as businesses ramp back up in a more...
Amazon offers employees $100 bonuses if they get COVID vaccination
Amazon has announced a 100% bonus compensation for new employees who have received vaccination against COVID-19. The extra bonus comes as a result of the company's recent push to hire more than 75,000 workers in the coming months. Amazon said the jobs will offer an...
Global Top 100 Law Firm Boosts Associate Pay With 9% Average or Higher Raises
This year has proved a busy time for law firms looking to retain their talent. Compensation scales and variable pay bonuses have been fiercely competitive, with many increasing their annual salaries or providing new associate benefits for their hard work during a...
Pennsylvania Ice Cream shop receives over 1000 applications after raising employee compensation from $7.25/hr to $15/hr
A Pennsylvania ice cream shop found itself struggling to remain staffed with employees. So they raised their minimum wage from the federal minimum of $7.25 an hour to $15 an hour - and received over 1000 applications in the course of a single week. Jacob Hanchar, the...
91% of Texas restaurant operators say job openings are difficult to fill, survey says
It sounds improbable: a country with open job positions everywhere - yet no one willing to fill them. But a recent survey found that the improbable is reality, at least in Texas: 91% of surveyed restaurant operators from the state say they are struggling to fill...