Comp News
Salary.com Webinar: 4 Ways to Avoid Painful Turnover in 2024
Join Salary.com's VP of Comp Management, Jamie Davis, and Solutions Consultant, Alden Aikins, for the webinar, 4 Ways to Avoid Painful Turnover in 2024, where we dive into the critical...
Getting your managers in the right compensation mindset
An HR pro I know said, “The task is easy, it’s the people that are difficult.” In the case of compensation, the difficult people are probably managers who don’t spend much time thinking about...
How Reward Can Make Good Use of The People Analytics Team
If you’ve been in the HR space these past few years, you’ve probably heard about the industry’s new golden calf: people analytics, the data-driven method of studying people processes, functions, and...
The Skilled Compensation Shortage No One Is Talking About
I often encounter individuals eager to embark on a career in Human Resources (HR). Regrettably, very few express a desire to specialize in compensation. This lack of interest makes it challenging...
Compensation Pros Should Become Experts in Measuring Performance
Let me know if I’m being presumptuous, but it seems to me that compensation pros get stuck doing an awful lot of repetitive manual tasks. The touted solution to such toil is usually this: use a...
Nobody’s Perfect: What to Compromise When Choosing an HR Software Solution
As companies evolve, they follow a natural inclination to acquire new technologies that can streamline their processes and support organizational growth. At the heart of these technological...
Compensation Data and The HR Suite: Understanding Data Management in HR Software Solutions
Compensation planners know that every decision made about incentive programs, benefits packages, variable pay structures, and stock option compensation is informed by one essential asset: data. Lots...
Why Compensation Planning Needs Comprehensive Service
Important Considerations When Choosing a Compensation Module One thing remains true in the marketplace of services: people don’t remember how crucial customer service is until they receive a...
The Golden Ratio for Choosing Compensation Software
This is our first entry in a four-piece series entitled Rethinking Compensation’s Role in the HR Suite. This article is about the Golden Ratio of Compensation and why organizations should consider it when shopping for an HR software suite.
Real Wages in the EU Decline for Second Consecutive Year
COMP NEWS - Real wages have declined in the EU for the second year in a row, as salary increases fail to keep up with inflation. Real wages in the EU declined for the second successive year in 2023 as nominal salary increases failed to keep up with persistent...
Lyft and Uber Threaten to Leave Minneapolis Over Mandated Pay Increase for Drivers
COMP NEWS - Lyft and Uber are threatening to leave Minneapolis over a mandated pay increase that would force the companies to pay drivers $15.57 an hour. MINNEAPOLIS (AP) — Lyft and Uber said they will cease operations in Minneapolis after the city’s council voted...
Wealth Gap Between Union and Nonunion Workers Widens, Signaling Compensation Divide
COMP NEWS - The wealth gap between union and nonunion workers continues to widen, signaling a significant compensation difference between the two groups. There's a massive wealth gap between workers in unions and nonunionized workers, across education levels, finds a...
Target Increase Employee Bonuses as Company Profits Rise
COMP NEWS - Target is planning to double its employee bonuses for salaried employers as the company's profits continue to rise. Target will double its bonus payments to salaried employees this year, as the big-box retailer’s profits recover from a bumpy nearly...
Here’s What You Need to Earn in 2024 to Maximize Your Social Security Benefits.
COMP NEWS - Ever wondered how much you need to earn to achieve maximum social security benefits later in life? The magic number is surprisingly high - one that most Americans won't earn in 2024. In bowling, 300 is the highest score. If you play golf, the best you can...
Pay Bump For In-Office Work? It’s Not As Crazy As You Think, HR Experts Say.
COMP NEWS - Should companies pay in-office workers more than their remote workers? HR experts say it's not a crazy idea, and it might start gaining traction. Employers may consider paying workers who work on-site or in an office more than those who work at least part...
Gen Z Is Willing to Return to the Office – For the Right Pay
COMP NEWS - Gen Z has caught a lot of flak from older generations of workers who have painted them as lazy and unmotivated, but a new study challenges that assumption - highlighting young employees as highly motivated to work, as long as that work compensates more...
Companies are Having Trouble Enticing AI Researchers
COMP NEWS - Companies are in bidding wars to attain the next generation of talent in AI research, but finding that even high compensation can't make up for a lack of access to high-end tech. One CEO said that he was told he didn't have enough graphic-processing units...
Lawmakers, Employee Groups Call for Compensation Increase in Federal Firefighter Pay
COMP NEWS - A collection of lawmakers and employee groups are urging Congress to bump up Federal firefighter pay to retain key workers who are being lured away to private and state organizations that compensate much more. Senate lawmakers and federal employee groups...
California Congress Fights Over Fast Food Wage Standards
COMP NEWS - A proposed minimum wage hike for California fast food employees is under renewed tensions as the deadline for the proposed wage hike grows closer. Both sides billed the high-profile California fast food deal last year as a resolution to two years of...
28% of Canadian Employers Anticipate Higher Employee Turnover in 2024
COMP NEWS - Nearly one-third of Canadian employers anticipate higher employee turnover this year, according to a new survey. More than a quarter (28 per cent) of Canadian employers say they’re expecting increased employee turnover this year, according to a new survey...
Survey: Employers Prioritize Holistic Wellness Over Price When It Comes to Employee Benefits
COMP NEWS - Employees are prioritizing the quality and value of holistic wellness in their benefits of packages over the price of those benefits, according to a new survey. CHICAGO, March 06, 2024 (GLOBE NEWSWIRE) -- Low unemployment, shifting employee priorities and...
US Salaries are Falling, But Employers Aren’t Worried.
COMP NEWS - Salaries for new roles in the US job market are stagnating or even declining as employers tighten their belts in what some call a "post-pandemic correction." Salaries for new roles are stagnating – and in some cases, falling. Some employers may be looking...
Britain’s Tesco Gives Store Workers a 9.1% Pay Bump
COMP NEWS - Britain's largest retailer is giving its workers a 9.1% pay bump after striking a deal with the USDAW shopworkers' union. LONDON, March 5 (Reuters) - Tesco (TSCO.L), Britain's biggest retailer, said on Tuesday it would raise store workers' hourly pay by...