COMP NEWS: DAILY COMPENSATION STORIES
Automakers With Non-Union Workforce Race to Raise Pay after UAW’s Record Deals
COMP NEWS - In the wake of UAW's historic contract for its union workers, other automakers with non-union workforces are seeking to appease their employers with above-standard pay raises. Nov 22...
Volkswagen Chattanooga Workers get 11% Pay Raise
COMP NEWS - Volkswagen is providing a substantial pay raise for workers at its Chattanooga, TN assembly plant. Volkswagen is providing an 11% pay raise for production workers at the automaker's...
Law Firm Announces Bonus Scale Amounting to Nearly Three Times The Market Rate
COMP NEWS - A D.C.-based law firm has announced huge bonuses for its associates amounting to almost 3x more than standard market rate bonuses this year. Biglaw might not be ready to announce bonuses...
New Publishing Industry Salary Survey 2023 Released
COMP NEWS - A new salary survey on the publishing industry has been released, showing that compensation lagged behind rising inflation over the past year. Like most workers in the U.S., employees at...
Workers Are Trading Noncash Bonuses for Cash Compensation
COMP NEWS - Workers across industries are relishing an era of rising wages. But many of those newly earned hard cash benefits are coming at the expense of noncash benefits, according to data from...
SullivanCotter Releases 2023 Advanced Practice Provider Compensation and Productivity Survey Report.
COMP NEWS - A new compensation and productivity survey has been released for Advanced Practice Providers, signaling that salaries and benefits in these professions are on the rise....
Goldman Sachs Discusses Bigger Bonuses for Top Traders, Dealmakers
COMP NEWS - As most of the U.S. financial sector considers tightening its belt in the face of an uncertain economic future, Goldman Sachs is opening their purses - but only for select...
Employers Eyeing More-Modest Pay Increases Next Year
COMP NEWS - U.S. employers aim to temper compensation increases in 2024 after several consecutive years of fast-rising pay raises. U.S. employers are planning smaller pay increases in 2024 compared...
Consumers Have Soured on Tip Pools, Study Finds
COMP NEWS - The majority of Americans view tip pooling, a practice where restaurant servers pool their combined tips and distribute them evenly, as an unfair compensation practice for employees....
US Wages Rose at a Steady Pace This Summer
COMP NEWS - Wages grew at a steady pace between July and September, though it slowed compared to the rapid pace seen in the first half of 2023. WASHINGTON (AP) — Wages and benefits grew at a...