COMP NEWS: DAILY COMPENSATION STORIES
Two in Five Salaried Employees Didn’t Receive Raises In the Past Year
COMP NEWS - More than 40% of employees didn't receive a raise last year, according to a new study from BambooHR. BambooHR, the industry’s leading cloud-hosted human resource platform where...
Hasbro to Lay Off 1,100 Employees as Toy Sales Slump
COMP NEWS - Famed toymaker Hasbro is laying off over 1,000 employees over the next six months, according to an internal memo sent to staff on Monday. Hasbro, the toymaker behind games such as...
In Quick Reversal, Companies Are Slashing Benefits Instead of Adding Them
COMP NEWS - As companies seek to cut costs in order to shore up profits, white-collar employees are now seeing their benefits slashed again after a dramatic post-COVID period of expansion. With...
50.6 Million U.S. Employees Quit Their Jobs in 2022. How Are Employers Fighting Burnout?
COMP NEWS - Over 50 million employees quit their jobs in 2022, signaling to employers a need to retain top talent. In order to meet the challenge, companies are providing "soft benefits." In 2022,...
Big Six Canadian Banks Boosted Year-End Bonus Payments Across the Board
COMP NEWS - Canada's six biggest banks are united in boosting employer bonuses across the board, even as profits receded for half of them. Half of Canada’s six biggest banks reported higher profits...
Texas Law Firm Yetter Coleman Flashes Competitive Bonuses For New Associates
COMP NEWS - It's that time of the year when competitive law firms ramp up their bonus compensation to attract new associates, and one Texan boutique firm has come out swinging. Another elite...
Gen X Workers Want Different Benefits. Companies Are Answering the Call.
COMP NEWS - Gen X workers are entering the workforce with a desire for unique benefits, and competitive companies are finding ways to meet their requests. Mid-life workers want menopause support,...
Percentage of Paid Work-From-Home Days Remains Four Times Higher Than Pre-COVID Era.
COMP NEWS - Work-from-home is here to stay, according to economists who note that return-to-office plans have stayed their execution over the past two years. The share of workers being called back...
High-Level Canadian Federal Employees Received $130 million in Bonuses
COMP NEWS - High-ranking federal employees in the Canadian government were awarded substantial bonuses between April 2022 and July 2023, according to a new report, drawing ire from some critics who...
Nearly a Million Unionized Americans Received Double-Digit Pay Raises in 2023
COMP NEWS - Nearly a million unionized Americans received double-digit pay raises in 2023 after a year of surging union activity, negotiations, and strikes. Nearly 900,000 Americans sitting down to...
