COMP NEWS: DAILY COMPENSATION STORIES
Generous Caregiving Benefits Boost Engagement and Retention
COMP NEWS - One company is proving that generous benefits can help boost employee engagement and retention. GuideWell, a health insurance company out of Florida, is offering a unique PTO plan for...
Samsung Workers Rally For Strike Over Benefits, Pay
COMP NEWS - Samsung employees in South Korea are currently on strike for better working conditions, arguing that the companies astounding increases in revenue have not been distributed among the...
Junior Bankers Are Not Hopeful About Their 2024 Analyst Bonuses
COMP NEWS - The last couple of years have been wild for banker bonuses, with compensation sharply dropping and rebounding based on variances in quarterly profits at major banks. Financial analysts...
Sam Altman’s Basic-Income Study Is Out. Here’s What It Found.
COMP NEWS - A highly-anticipated basic-income study lead by Sam Altman, a central architect of ChatGPT, has been released. The results indicate that basic-income serves to increase access to...
China Factory Owner Distributes $1 Million Demolition Payout Among 406 workers
COMP NEWS - A factory owner in china has chosen to distribute a bonus of $1 million to all current and previous employees. A company boss in China has shared a payout of nearly 8 million yuan (US$1...
42% of Employee Turnover Is Preventable but Often Ignored
COMP NEWS - A new survey indicates that employee turnover risk is at its highest point in nearly a decade, with more than half of U.S. employees actively seeking new work. Self-reported employee...
Sharp Rise in Base Pay Sends Delivery Worker Earnings Soar in NYC
COMP NEWS - Delivery workers in NYC have seen their total earnings jump more than 20% in the first quarter of 2024 following legislation that began enforcing a $17.96 wage for delivery workers. New...
Goldman Sachs Boosts Banker Pay and Bonuses Following Surging Profits
COMP NEWS - Goldman Sachs is increasing its bankers pay and bonuses after the company's profits soared in the second quarter of 2024. Goldman Sachs has increased banker pay including bonuses by 17%...
Pay Transparency Laws Continue to Impact Job Postings and Salary Discussions
COMP NEWS - More than a dozen states have launched various pay transparency laws, which have mandated the disclosure of pay scales. A dozen states have enacted pay transparency laws, which require...
Ohio Travel Nurses Make 50% More Than Average Nursing Wages
COMP NEWS - Travel nursing is a lucrative venture that pays high wages. Unfortunately, local nursing pays much less, causing hospitals to struggle with retaining talent while paying exorbitant costs...