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Whataburger Announces Thank-You Bonuses of $90 Million
The Whataburger restaurant chain has announced that, in addition to getting fries with their burgers, employees will now receive bonus allocations of $90 million. The bonuses will also accompany an increase in matching 401K contributions, new incentive compensation...
3 Reasons Why Companies Worldwide Use Performance Management Software
It's important to have a way to streamline your company's processes without it negatively affecting the flexibility of your business. To do this, think of everything performance software has to offer. Here are three reasons why companies use performance management...
Why Using Software for Long Term Incentives is Good for Your Business
Long gone are the days when businesses are trying to manage their financial offerings and plans on a manual basis. Specialized software is crucial for a company to stay ahead of the competition and also to make sure they are compliant with local, state, and federal...
ISS FAQ: Executive compensation and COVID-19
On Oct. 15, 2020, Institutional Shareholder Services (ISS) released preliminary FAQs on its approach to analyzing executive pay decisions relating to the COVID-19 pandemic. Summary of ISS Guidance and Key Takeaways Temporary Salary Reductions Companies should consider...
For braving COVID-19, Ryder gives workers holiday bonuses up to $1000
As a reward for helping the company battle through COVID-19, Ryder System, one of South Florida oldest employers, is paying millions in holiday bonuses to 30,000 employees around the U.S. Full-time workers will receive $1,000, while part-timers will get $500, the...
Only half of the U.S. workers will receive a salary increase in 2021
ROLLING MEADOWS, Ill., Nov. 10, 2020 /PRNewswire/ -- As business leaders around the U.S. develop their 2021 operating budgets, the shadow of COVID-19 has forced nearly half of organizations (45 percent) to reevaluate salary-increase plans, according to Gallagher's...
The Importance of Using Software for Equity Management in Jacksonville, FL
The Importance of Using Software for Equity Management in Jacksonville, FL Using specialized software to manage equity is just a fact of modern-day business. The importance of it cannot be overstated. Here are a few specific reasons why this is so. Stock Options If a...
COVID leads to slight adjustment in bonus plan
Vermont-based Mack Group, a leading contract manufacturer in the injection plastics molding market, is celebrating its 100th anniversary this year. In 1995, the company celebrated its 75th anniversary by flying all of its employees and their families to Disney World...
Hit hard by COVID-19, Walgreens won’t pay full bonuses to employees, will enhance pickup options for customers
A big drop in profits is spurring Walgreens Boots Alliance — which was already trying to reinvent itself before COVID-19 — to enhance pickup options for the drugstore chain’s customers and again withhold full bonuses from employees. The Deerfield-based company said...
UBS to boost fixed pay, cut bonuses in compensation revamp
UBS Group AG plans to raise the fixed salaries for some of its more senior employees by as much as 20% in a move that may help reduce poaching and allow the bank to lower its bonus pool. A review at Switzerland’s largest bank found differences in base pay among...
Fostering employee productivity and moral through COVID-19
Companies’ actions now could have a long-term reputational impact. Demonstrating empathy and flexibility, prioritizing workers’ mental health, and creating psychological safety can have a meaningful impact not only on employee experience but also on how the employer...
How to keep your team motivated, remotely
This question is important now because, during crises such as Covid-19, people often tend to focus more on tactical work — answering the right number of tickets, or following the approved project plan — rather than adapting to solve the bigger, newer problems the...
Hertz Drops 2020 Executive Pay Plan That Judge Called Offensive
Instead Hertz will push forward with an $8.2 million bonus program for less-senior managers, designed to motivate them while the company reorganizes in bankruptcy, the car renter said in a court filing Wednesday. Hertz may try again to give the executives a bonus next...
Vast majority of North Carolina employers plan salary increases in 2021 despite Covid-19
Among the findings is a clear indication of the effects of COVID-19 but also the lengths to which employers are going to retain their employees. 73% of companies have given salary increases this year. Half of companies reported base pay increases between 3-3.99% in...
