COMP NEWS: DAILY COMPENSATION STORIES
Zoom Lays Off Staff, Cuts CEO Pay by 98%
COMP NEWS - In response to declining profits, Zoom is cutting its workforce. In an attempt to keep layoffs to a minimum, its CEO is cutting his own pay by 98%. Zoom, which became a hallmark of the...
Japan’s Hasn’t Seen Nominal Wage Growth In Almost 30 years
COMP NEWS - Japan's wage growth has been stagnant for nearly 30 years, according to new data from the Organisation for Economic Co-operation and Development (OECD). Like other parts of the world,...
Nintendo Announces 10 Percent Pay Raise For Devs Despite Lower Profits
COMP NEWS - In response to a decline in revenue, Nintendo is taking a different route from laying off staff - it's giving them a blanket pay raise instead. Nintendo announced a 20 percent Switch...
Amazon Illegally Threatened To Withhold Raises Ahead of Union Votes, Judge Finds
COMP NEWS - A court judge has ruled that Amazon violated federal labor law by threatening to withhold compensation from workers attempting to unionize. Jan 31 (Reuters) - Amazon.com Inc (AMZN.O)...
Lack of Clarity on Incentive Compensation Rules For Bankers is Troubling, Reform Advocate Says
COMP NEWS - Reform advocates are worried about the SEC's rulemaking agenda this year, as the newly unveiled schedule failed to include a plan to finish the Dodd-Frank rule, an important rule that...
Incentive Pay Improves Quality of Work – Even on Unsupervised and Menial Tasks
COMP NEWS - A new study on the methodology for devising effective incentive pay found that such models of compensation work - even for unsupervised and untechnical tasks. Executives have good reason...
Amidst Wave of Layoffs, Some CEOs Elect to Cut Their Pay Rather Than Workers
COMP NEWS - Amidst a wave of layoffs in the tech and finance industries, several CEOs are electing to cut their pay in an effort to retain talent and avoid making cuts to their workforce. Six CEOs...
The Wages of Sin Aren’t That Profitable For Malware Developers
COMP NEWS - Malware developers are in high demand across the darker corners of the internet. But the wages of sin, and illegality, aren't all that profitable, according to a two-year analysis that...
Britain Hit With Largest Strike in 12 Years, Over 500,000 Protest
COMP NEWS - Nearly 500,000 workers are striking across multiple sectors in the U.K. in response to the government's lack of adequate response to inflationary issues, according to several union...
Oh, How Far We’ve Come: Five Employee Benefits That Didn’t Exist 20 Years Ago
COMP NEWS - Employers on the cutting edge of talent acquisition are always searching for new ways to draw in productive minds and talented workers. But it's hard to believe how much the landscape...
