COMP NEWS: DAILY COMPENSATION STORIES
Changing Employer Market Leaves Digital Health Companies Rethinking Strategy
COMP NEWS - The rapidly changing employer market is having an effect on digital healthcare solutions, according to several key figures in the field. Since the mid-2010s and until recently, digital...
Wage Growth Slowed in 2022 Q4, Leading Some To Hope For Economic Recovery
COMP NEWS - A new report from the U.S. Department of Labor indicates that wage growth slowed in the fourth quarter of 2022, inspiring hope in some economists for a smooth economy in the coming year....
Bankrupt Crypto Lender BlockFi Goes to Court – To Prove it Should Be Able to Pay Employee Bonuses
COMP NEWS - BlockFi, a crypto lender company that went bankrupt in the wake of the now famous collapse of crypto exchange FTX, went to court over employee compensation last week. But the troubled...
Spotify Is Laying Off 6 Percent of Its Global Workforce, CEO announces
COMP NEWS - Spotify is laying off 6 percent of its global workforce, according to the company's CEO. Affected staff will reportedly receive an average of five months' severance. Spotify will lay off...
Southwest Airlines to Pay $45M Bonuses to Staff Who Worked During Christmas Meltdown
COMP NEWS - Southwest Airlines announced its intentions to pay $45 million in bonuses to pilots and flight attendants who worked through the organization's catastrophic shutdown of over 16,000...
U.S. Workers’ Satisfaction With Job Safety Rises, Satisfaction With Pay & Benefits Remains Low
COMP NEWS - A new Gallop poll indicates that U.S. workers are more satisfied with safety regulations on the job, even in the wake of rising COVID cases. However, U.S. workers' dissatisfaction with...
Mercedes-Benz Rewards Almost 100,000 Staff With Profit-Sharing Bonus
COMP NEWS - Mercedes-Benz is giving employees its largest profit-sharing bonus ever - €7,300 to almost 100,000 employees eligible for the bonus this year. Mercedes-Benz will be granting employees a...
Google Parent Company Lays Off 12,000 Employees Following Pandemic Hiring Spree
COMP NEWS - Alphabet has begun laying off employees related to experimental projects, with the total number of job roles count amounting to 12,000 so far. Jan 20 (Reuters) - Google's parent Alphabet...
Entrepreneur Ashneer Grover Promises Mercedes-Benz to Long-Term Employees at New Company
COMP NEWS - Ashneer Grover, entrepreneur and co-founder of fintech company BharatPe, is making a promising offer to employees at his new start-up - work faithfully for five years and receive a...
Goldman Sachs Planning to Drive Away at Least 800 Workers With “Skimpy” Bonuses
COMP NEWS - Goldman Sachs is planning to drive away about 800 employees by means of handing out bonuses - extremely paltry ones, "so skimpy that disguised recipients will pack up and leave,"...
