COMP NEWS: DAILY COMPENSATION STORIES
Vancouver Company Offers Workers Bitcoin Bonuses
COMP NEWS - A Vancouver company is thinking outside the box on incentivizing employees. Shur-Way Building Center, a building supply company, decided to eliminate its flat-rate Christmas bonuses and...
McDonald’s Cutting Jobs, Demoting Employees, and Reducing Pay to Save Cash
COMP NEWS - McDonald's is slashing job roles and salaries alike as a means to save cash amid an aggressive restructuring. McDonald’s Corp.’s restructuring this week is reaching company wide,...
Prominent Metalworkers’ Union Pushes For 4-Day Work Week
COMP NEWS - One of Europe's largest industrial unions is calling for a four-day work week over a pay raise ahead of collective bargaining negotiations later this year. Germany's IG Metall (IGM),...
Amazon Sharpens Knives to Cut Executive Compensation
COMP NEWS - Amazon is preparing to make cuts, this time not to job roles but to executive compensation, as its stock price continues to slump. Amazon.Com, Inc (NASDAQ: AMZN) plans to reduce employee...
Low-Wage Workers Saw Historically Fast Real Wage Growth During the Pandemic Business Cycle
COMP NEWS - The COVID-19 pandemic shocked the economy in a number of ways - leading to a period of high inflation, an era of work-from-home jobs, shifting employer-employee relationships, and many...
Google Cutting Employee Services and Laptops in Savings Strategy
COMP NEWS - In a new cost-cutting strategy, Google is cutting a range of employee benefits ranging from food, laptops, expenses, and massages. Google’s finance chief Ruth Porat recently said in a...
Bed Bath & Beyond Offers Bonuses in Bid to Retain Staff in Closing Stores
COMP NEWS - Retailer Bed Bath & Beyond is struggling to retain workers in the face of hundreds of store closings. To convince employees to stay in the final days of over 400 locations, the...
For An Empathetic People Strategy, Start With Compensation
COMP NEWS - What is the most important factor in a healthy work environment? According to Lisa Wallace, Cofounder & Co-CEO Assemble, the most important component of an employee-employer...
Frontier Airlines Admits Paying Bonuses To Agents Who Charge Passengers Oversized Baggage Fees
COMP NEWS - Frontier Airlines has confirmed that it gives its employees an unusual bonus - one that's based on charging fliers oversized baggage fees. However, some say the bonuses incentivize...
Facebook Owner Meta Slashing Bonuses For Some Employees
COMP NEWS - Facebook owner Meta is reportedly planning to slash bonus payouts to some employees in an effort to cut costs. Additionally, the social media giant is planning to ramp up its staff...