COMP NEWS: DAILY COMPENSATION STORIES
Inflation Jumps While Professor Pay Stays The Same
COMP NEWS - According to a survey conducted by the American Association of University Professors, professor salaries have only increased by 2% this year. Due to the inflation rate being around 7%,...
Amazon Warehouse Workers Stage Coordinated Strikes, Demand $3 Raises
COMP News - Employees at three Amazon warehouses have coordinated an evening strike, demanding $3 per hour raises to combat rising inflation. Workers at three Amazon warehouses in the New York City...
Wall Street Hands Out Biggest Bonuses Since 2006
COMP NEWS - 2021 compensation bonuses for Wall Street employees have been higher than they have been in over a decade. The average bonus for a Wall Street employee jumped up by 20%. The average...
Popular Ohio Eatery Instills Service Fee, Raises Staff’s Hourly Wages
COMP NEWS - Utah restaurant Pig & A Jelly Jar recently eliminated tipping, and instead decided to add an 18% service charge onto each customer’s bill. This comes in a slew of numerous...
Bristol Myers CEO Takes Pay Cut as ‘Human Capital’ Metric Drags Down Bonus
COMP NEWS - Bristol Myers Squibb’s CEO took a cash incentive pay cut that left this portion of his compensation at its lowest since 2017. While the company excelled in many financial performance...
Boeing Bonuses Pump Hundreds of Millions of Dollars Into WA State Economy
COMP NEWS - Boeing recently awarded its largest round of bonuses to more than 59,000 employees in Washington state. These bonuses averaged $8,000 and served to eject $485 million into the Washington...
Google Employees Are Unhappy With Their Compensation, Survey Show
COMP NEWS - Google’s annual survey, “Googlegeist,” aims to evaluate the satisfaction of the organization's employees. According to the company's most recent survey, its employees are becoming...
Employees Lose $3 Billion a Year in FSA Contributions (and Employers Get to Keep It)
COMP News - Flexible spending account holders have forfeited an estimated $7.2 billion in 2019 and 2020. These forfeits are caused by employees who contribute but fail to spend the balance of their...
US Army Incentive Bonus Reaches All-Time High
COMP News - To bolster recruitment efforts, the US Army is offering more robust incentive bonuses to new recruits. Maj Gen. Kevin Vereen, head of Recruiting Command, told The Associated Press that...
All Job Postings in Washington State Will Likely Soon Include Salary Information
COMP NEWS - A Washington bill that will require employers to disclose salary information in job listings may soon be signed into law. Washington employers will soon have to disclose the starting...
