COMP NEWS: DAILY COMPENSATION STORIES
America’s Labor Shortage Is Bigger Than The Pandemic
COMP NEWS - The current labor shortage is lending itself to be almost as disruptive as the ongoing pandemic itself. The national shortage of employees is causing supply chain issues and potential...
Inflation Was Hottest in Atlanta, Mildest in San Francisco in 2021
COMP NEWS - The pandemic caused a noticeable migration within the United States and this is having an impact on inflation rates across the country. Intuitively, cities with the highest influx of...
Former McDonald’s CEO: Inflation Is Driving Every US restaurant ‘Absolutely Crazy’
COMP News - Even America's golden arches are feeling the results of inflation. Prolonged supply chain issues have lead McDonald's to raise its prices at the start of the year. “Portion sizes are...
The “Great Resignation” Has A Silver Lining For HR
COMP NEWS - As the ‘Great Resignation’ looms heavy on the mind of many HR professionals, some are arguing that the current labor market may not be as treacherous as expected. While it is true that...
Wall Street Banks Give Huge Payouts In Best Holiday Bonus Season Since 2009
COMP News - Wall Street banks have had an incredible year due to a high volume of mergers, an increase in initial public offering activity, and gains in the stock market. Top Wall Street bank...
Panama City Beach Restaurant Institutes 20% Service Fee
COMP NEWS - Shades Bar and Grill, a restaurant in Panama City, has instituted a 20% restaurant service fee to all of its orders. This service fee is to keep restaurant employees happy as well as...
Law Firms Lost Nearly A Quarter Of Their Associates In 2021
COMP NEWS - A new 2022 report shows that law firms have been bleeding money during attempts to remedy their high turnover rates, with mixed success. Many law firms lost nearly a quarter of their...
Charlotte-Based Company Novant Health Gives Workers Choice Between Extra Vacation Or Cash
COMP News - One of Charlotte’s top employers is giving their employees a bonus. Novant Health's new employee bonus can either be additional paid time off or a cash bonus. In a news conference...
Half Of Employees Would Sacrifice Pay For Benefits
COMP News - A report by MetLife UK shows that involved 1,200 employees and their employers found that employees would prefer individualized benefits over more pay in most cases. More specifically:...
Amazon’s Longtime Strategy Of Hiring ‘Missionaries’ Over ‘Mercenaries’ Is Imploding, Employees Say
COMP NEWS - Insider released study results on Amazon’s compensation structure. The study shows that Amazon pays employees much less than the industry average. This lower pay has led to complaints...