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WebMD Parent Company Demands Return to Office…Aggressively
COMP NEWS - A lot of companies are pushing their employees to return to the office in a post-COVID-19. Some ask softly. Some beg earnestly. Some demand. And some release a very bizarre, confrontational video with low-quality special effects and executives telling...
Citi to Cut 20,000 Jobs After ‘Disappointing’ Quarter
COMP NEWS - Citigroup, a multinational financial services corporation, is reducing its workforce by about 8% after a 'disappointing' quarter. Jan 12 - Citigroup (C.N) said it would cut 20,000 jobs over the next two years, acknowledging a "clearly disappointing"...
Australian Retailers Warm to Giving Five Weeks Paid Leave
COMP NEWS - Australian retailers are warming to the idea of giving up to five weeks of paid leave to their employees, with IKEA and Bunnings being the first to offer the generous package. Retail workers are leading a push for more paid leave, with an increasing number...
Bosses Want to Work From Home More Than Their Employees, Survey Says
COMP NEWS - A new survey reveals a surprising segment of employees who want to work from home the most - executives and managers. In the years-long debate over remote work, upper-level executives have often been the loudest — and staunchest — advocates for returning...
Craft Beer Company Brewdog Backtracks on Real Living Wage for Employees
COMP NEWS - Popular UK craft brewer Brewdog has committed to paying its employees a real living wage, calculated based on living standards in the UK, since 2015. But after nearly a decade, Brewdog is rescinding its commitment and paying its employees less. Craft beer...
3M Freezing Pensions for Non-Union Employees in 2028
COMP NEWS - Industrial manufacturing giant 3M is freezing pension plans for non-union U.S. employees in an effort to save costs, the company recently announced. 3M is freezing pension plans for non-union U.S. employees at the end of 2028, the company announced Monday....
‘Greedflation’ Study Points Finger at Corporate Profiteering for Fault in Surging Inflation
COMP NEWS - A new study on "Greedflation" gives further credence to the notion that corporate profiteering contributed significantly to driving up inflation during 2022. A joint study by think tanks IPPR and Common Wealth found profiteering by some of the world’s...
Chinese Company Gives Employee Bonuses Based on Exercise Targets
COMP NEWS - A Chinese paper company is offering its employees a unique incentive - bonus pay in exchange for miles jogged. There are a lot of things I’d love to get paid for at work, like the number of coffees I drink or the hours of music I listen to, but the time I...
Major Casino Operators Announce Staff Bonuses, Salary Increases
COMP NEWS - Several major commercial gaming operators have announced new year-end bonuses for nonmanagerial staff. Five of the six commercial gaming operators have confirmed 2023 bonuses for eligible nonmanagerial staff. Employees at resorts operated by Sands China...
Salary Survey Highlights Compensation for Chief Security Officers
COMP NEWS - A new salary survey highlights how base salary, variable bonus pay, and long-term incentives have grown for Chief Security Officers. As security hiring trends evolve, it can be difficult to ascertain the average salary of a chief security officer, even...
Climate Change Benefits Might be the Must-Have Perk of the Future
COMP NEWS - A management consulting firm has published a report suggesting that companies may begin offering climate change protection benefits to attract talent in areas impacted by climate change. Every three weeks an extreme weather event inflicts more than $1...
New Data Shows Women in General Counsel Positions Making More than Male Counterparts
COMP NEWS - In a recorded first, some groups of women are making more than their male counterparts in general counsel positions at law firms. For the first time, certain groups of women in general counsel positions are being compensated more than their male...
28% of Employers Offer Financial Wellness Programs While 80% of Employees Are Financially Stressed
COMP NEWS - Nearly 80% of surveyed employees report that they are financially stressed, while scarcely 28% of employers offer tools and financial wellness programs to manage financial stress, according to a 2022 survey. According to a 2022 survey by the National...
Historic Pay Raise for Federal Workers Kicks In Soon
COMP NEWS - A historic pay raise for federal workers will soon take effect, boosting worker pay by an average of 5.2%. President Joe Biden’s executive order giving civilian federal workers their largest pay raise since the Carter administration is set to take effect...
