COMP NEWS - Workers at the only Hyundai plant in the U.S. have successfully unionized under the United Auto Workers (UAW), marking another expansion for the country's largest automaker union. Thirty percent of the workers at the sole Hyundai plant in the U.S., in...

COMP NEWS - A year after slashing its workforce by 22%, Meta is giving its remaining workforce boosted bonuses after the company posted a record-breaking quarter. Meta Platforms Inc. has reportedly decided to increase its employee bonuses following a stellar fourth...

COMP NEWS - Prestige biglaw firm Wilmerhale is awarding its associates with both supersized salaries and bonuses after a successful year. January is almost over and temperatures are cold, but Biglaw raises are still coming in hot. We’ve now confirmed that WilmerHale —...

COMP NEWS - Year-end bonuses in 2023 were significantly smaller than in 2021, according to recently released compensation data from payroll company Gusto. Employers were a little less jolly this past holiday season in their end-of-year bonus packages for employees. In...

COMP NEWS - A new ruling from the Office of Personnel Management has made it more difficult for federal agencies to adjust salaries and compete with private sector job offers. The Office of Personnel Management issued a final rule Monday limiting the criteria on which...

COMP NEWS - Several of South Korea's top manufacturers and conglomerates are awarding massive bonuses to their employees, while others are South Korea’s top conglomerates are announcing their plans for employee compensation for 2023 following mixed earnings reports...

COMP NEWS - Wells Fargo is handing out $1,000 bonuses to many of its lower-paid employees in recognition of their efforts, and perhaps in response to recent unionization talks. Wells Fargo is awarding a bonus of $1,000 to many of its lower-paid employees — a one-time...

COMP NEWS - After more than five years of negotiating for a new Collective Bargaining Agreement, flight attendants with Southwest Airlines are ready to strike next month. DALLAS--(BUSINESS WIRE)--Southwest Airlines flight attendants have endured more than five years...

COMP NEWS - Microsoft is cutting hundreds of workers from its video game staff, following a recent trend in mass layoffs for video game publishers. Microsoft is cutting 1,900 staff from its video game workforce, sources have told IGN. In a message to staff viewed by...

COMP NEWS - Wayfair has announced that it will lay off more than 1,600 employees, marking the company's third consecutive year of trimming its workforce after a period of zealous overhiring in 2020. Wayfair is laying off 1,650 employees, amounting to 13% of its global...

COMP NEWS - A new report highlights the drastic effect that low pay raises have on employee retention. As employers mull their 2024 compensation plans, a new report reveals how workers feel about pay—and how much less of a raise it would take to sway them from their...

COMP NEWS - Walmart is increasing its store manager's average salary from $117,000 to $128,000. Walmart told store managers on Thursday that it would be increasing their average salary from $117,000 to $128,000 per year. The raise will be effective from February 1...

COMP NEWS - Tesla is reevaluating its compensation strategy with a second wave of pay adjustments after the company's last wave of pay increases angered employees. Tesla told employees today that it will do another pay adjustment, a second in a few weeks, after...

COMP NEWS - Gen Z is shunning the notion of working long and hard hours after watching "the legacy of broken promises" corporate America made to their predecessors. Gen Z is choosing to "work to live'' rather than "live to work," like previous generations, because...