COMP NEWS: DAILY COMPENSATION STORIES
Indiana Steelworkers Rally Ahead of Contract Negotiations
COMP NEWS - In Layfayette, Indiana, steelworkers from one of Arconic’s plants are rallying for a potential strike amidst faltering contract negotiations. Local steelworkers rallied Saturday...
Volkswagen Chattanooga Announces $3,000 Bonus for Production Employees, New Hires
COMP NEWS - Volkswagen Chattanooga has announced a $3,000 bonus for existing production employees as well as new employees that are hired over the next few months. To recognize the efforts of its...
EasyJet Offers £1,000 Bonus To Attract Workers in Competitive Labor Market
COMP NEWS - British airline EasyJet is sweetening the pot for prospective and existing employees by offering a £1,000 bonus this summer. New and existing easyJet cabin crew will receive the bonus...
These 10 Companies Incentivize Employees To Go On Vacations
COMP NEWS - Yearning to go on vacation? With these companies, you might get paid to. Many companies are including long term awards, multi-factor bonuses, and merit-based rewards to incentivize their...
Microsoft, in Bid to Avoid Talent Loss, Doubles Salary Budget
COMP NEWS - Microsoft announced that it plans to increase its salary budget and stock compensation for workers. Microsoft Corp. said it plans to "nearly double" its budget for employee salary...
Will Crashing Tech Stocks Kill Employee Bonuses?
COMP NEWS - As the market continues to bleed red, employees in Silicon Valley are feeling an unusual fear - that crashing tech stocks may tank their employee bonuses. Tumbling tech valuations...
CEO Pay Packages Rose To New Heights in 2021, Over $14.7 Million
COMP NEWS - CEO pay packages continued to rise in 2021, with total compensation for executives rising by over 12% last year on average. The median pay package for chief executives of the biggest...
Las Vegas Casino Rolls Out $5,000 Bonuses For 5,000 Employees
COMP NEWS - Las Vegas casino The Cosmopolitan rolled a pair of doubles for its staff: a $5,000 bonus for 5,000 of its employees. The Cosmopolitan of Las Vegas surprised its more than 5,000 employees...
TSA Employees Looking At Higher Pay, Benefits, As House Advances Bill
COMP NEWS - The House recently passed new legislation to increase the pay and benefits for employees of the Transportation Security Administration. The bill also includes language which would allow...
Low Employee Pay – Not Just Remote Work – Straining Tech Companies’ Talent Retention
COMP NEWS - Despite record profits, Silicon Valley has been undergoing an employee retention crisis. The Great Resignation has threatened tech companies with wide-scale talent migrations over the...