COMP NEWS: DAILY COMPENSATION STORIES
Wall Street Bonuses Expected to Stay Flat or Decline
COMP NEWS - Bonuses for bankers are expected to be less in 2023 than in previous years, according to a new compensation study. NEW YORK, Nov 14 (Reuters) - Bonuses for investment bankers advising...
Workers Are Burnt Out From Mandatory Overtime
COMP NEWS - Workers are becoming burnt out from mandatory overtime shifts, as some professions have begun logging four to six times the amount of overtime in 2023 than they did in 2019. Virginia...
Honda to Boost Production Associates Wage by 11% in January
COMP NEWS - Honda production workers are seeing a sizable wage increase of 11% that will take place in 2024. Honda production workers in Ohio and elsewhere in the U.S. will get an 11% raise on Jan....
83% of Americans Won’t Be Able to Afford to Retire Until Their 70s, Study Finds
COMP NEWS - Future Americans will be working harder and longer in their old age according to a new survey that indicates most workers today won't be able to afford to retire until their 70s.. The...
SAG-AFTRA Actors Make Deal With Studios After 118 Days of Striking
COMP NEWS - SAG-AFTRA has finally reached a tentative agreement with Hollywood studios after four months of striking. After a grueling 118 days on strike, SAG-AFTRA has officially reached a...
Small Businesses With Family-Friendly Benefits Gain Competitive Edge
COMP NEWS - A newly released report indicates that small businesses that provide family-friendly work benefits such as parental leave and flexible work options have an easier time retaining talent....
Workers Say They’re Excluded From Hybrid Work Discussions, Yet It Remains a Must-Have Benefit
COMP NEWS - A new survey indicates that hybrid work scheduling remains a highly-prioritized benefit for employees, even though few are asked if they prefer it. Employees say they’re generally...
Illinois Supreme Court Doubles Compensation for Court-Appointed Attorneys
COMP NEWS - The Illinois Supreme Court is boosting the pay of court-appointed attorneys, nearly doubling the maximum compensation limit. SPRINGFIELD, Ill. — The Illinois Supreme Court announced...
Financial Wellness Benefits Offered to Boost Worker Satisfaction
COMP NEWS - The Employee Benefit Research Institute (EBRI) has released its sixth annual survey on employer financial wellness, providing key insights into how employee satisfaction and productivity...
California Law Gives Workers 5 Days of Leave for Reproductive Loss
COMP NEWS - California has passed a new law that will take effect in 2024 that allows workers to take up to five days off for suffering "reproductive loss," such a miscarriage or failed adoption....
