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Big Law Firm Holland & Knight announces new salary scale for associates
Another day, another law firm, another new compensation scale in the fiercely competitive field of Big Law firms looking to retain its hard-working associates! The firm announcing salary increases this time around is Holland & Knight, ranked 38th on the Am Law 100...
Penn-Mar boosts starting wages for health care workers to $15.50 an hour
Penn-Mar Human Services, a nonprofit organization that serves people with disabilities, is boosting the hourly wages of it's employees to $15.50 an hour, more than 40% above the median pay of a direct support worker in the United States. Penn-Mar Human Services, a...
McDonald’s follows lead of restaurants everywhere, will offer employee salary increases to combat labor shortage
As the U.S. restuarant industry continues to battle a labor shortage, McDonald's joins a long line of restaurants sweetening the pot to attract new employees. McDonald’s is raising hourly wages for more than 36,500 of its employees in the US in a sign of growing...
Tyson to implement higher compensation for employees meet demand for product
Tyson Foods, one of the biggest processors of beef, chicken, and pork in the U.S., is planning to raise employee wages to combat worker turnover and meet rising demand for meat products across the country. The Springdale, Arkansas-based company, which processes 20% of...
How not to motivate employees – offering fake bonus compensations during COVID-19
A British railroad company has stoked the ire of its workers after it falsely offered them "appreciative" bonus compensations during an in-house network security test. News of the one-time bonus payment came in the form of an email, which offered a heartfelt thanks to...
Cryptocurrency Grows in Popularity as a New Form of Salary and Bonus Compensation
As Bitcoin and Dogecoin continue to dominate the news with stories of their volatity, another related trend in their application is surfacing: more and more employees are paying salaries and bonuses with cryptocurrency. Innovative employers are responding by putting...
Chipotle to incentivize new hires by increasing minimum wage average to $15/hr
Restaurant giant Chipotle commits to increase base wages for workers to a $15/hr average. The announcement comes alongside a new push to hire 20,000 new employees. In addition, there are plans to open 200 more stores this year. The wage increases, which will apply to...
Minimum Compensation for Federal Contractors to increase by 25%
President Biden has signed a new executive order that would give many federal contractors working at the current minimum wage for their position a 25% increase in salary. "The current minimum wage for federal contracts is $10.95 per hour. Beginning March 30, 2022,...
Law firm Offers Saintly Bonus Compensation, Hides The Devil In The Details
Bonus season is here for many law firms, meaning its a time where many associates are pleased to receive compensation for a year of hard work. But one law firm has upset its associates by locking its bonus allocation behind some tricky requirements. It is not unusual...
Heritage Christian to boost employee salaries by 20% for 3000 Workers
More than 3000 nonprofit workers with Heritage Christian, a nonprofit that provides services to individuals with developmental disabilities, will see a nearly 20% salary increase by May 9th. Combined with a salary raise that already went into effect on January 1,...
Aon Survey projects 6% salary hike in 2021 for senior executives in India
A new study has indicated that senior executives in India are headed for a better year of financial compensation. Top executives across numerous industries have had their variable pay impacted by the challenges of handling the COVID-19 pandemic. The nature of their...
Law Firm Troutman Pepper Announces Double Delight: Increases To Both Bonus Compensation and Salary Bands
Troutman Pepper has announced popular revisions to both its bonus allocation and salary increase structures. In February of 2020, Troutman Sanders announced bonuses that associates described as “a slap in the face.” Two months earlier, Pepper Hamilton enraged its...
State Workers in NY to get retroactive salary increase of $600M
New York State has announced a retroactive salary increase for approximately 120,000 state workers. The bump comes after workers were forced to sacrifice their expected 2% raises last year following the state's reckoning with COVID-19. ALBANY, N.Y. (NEWS10) – It was...
Study Shows That People Working From Home Less Likely To Get Bonuses or Promotions
Do you work from home? If so, you may be less likely to receive bonus pay or promotions, according to findings from a recent UK study. According to the data, the average gross weekly pay of those who had recently worked from home was about 20% higher in 2020. However,...