COMP NEWS: DAILY COMPENSATION STORIES
Employee Satisfaction Near Record Low Among Full-Time Office Workers
COMP NEWS - A recent survey from the Future Forum has indicated that employee satisfaction has reached record lows since data had begun to be collected in June 2020. According to the findings, 34%...
Verizon Wireless Raises its Minimum Wage to $20 an Hour
COMP NEWS - Verizon Wireless is raising its minimum wage to $20 an hour, making it the next in a long line of companies increasing compensation to retain workers. Verizon’s announcement that it was...
Fat Brands’ CFO Gets A Retention Bonus
COMP NEWS - Performance bonuses are commonplace for many United States employees, however, some companies have begun using retention bonuses to encourage and reward employees for remaining with the...
Lack Of Engagement From Remote Workers Can Lead To Early Termination: New Study
COMP NEWS- A new study shows that employees with low engagement during remote working are being terminated from their jobs. Working virtually can come with a stiff price tag: Remote workers who fail...
Inflation Outpaces Wage Growth In All But One Industry
COMP NEWS - Over the last year, nominal wages have increased as companies compete for talent amidst the great recession. However, inflation has increased more rapidly amounting to an observation of...
62% of Workers View 401(k) Employer Match as Key to Reaching Retirement Goals
COMP NEWS - A recent survey shows that most employees rely on their employer’s 401(k) plan for their retirement. However, many may not realize that 401(k) employer matches are not always instantly...
NFL Player Signs Contract With Bonus Based On His Weight
COMP NEWS - Compensation in sports is largely tied to performance incentives and bonus pay. Interestingly, the New England Patriots recently included a stipulation in offensive lineman Trent Brown’s...
JetBlue Offers $1,000 Attendance Bonuses to Flight Attendants
COMP NEWS- JetBlue Airways is offering $1,000 attendance bonuses to its flight attendants as long as they don’t call out of work before the month of May. JetBlue is creating this incentive in order...
Attendance Incentives Increase Employee Absence, Research Says
COMP NEWS - New research from the Frankfurt School of Finance and Management indicates that offering employees attendance incentives actually has the opposite effect, effectively reducing rates of...
March Gladness? Basketball Season Improves Employee Engagement, Productivity
COMP NEWS - Game time in the office? A survey by Robert Half suggests that employee morale and productivity are increased during the NCAA tournament season. March Madness may just be the time for...
