COMP NEWS: DAILY COMPENSATION STORIES
Cisco Is Slashing 5% of Its Workforce, Eliminating More Than 4,000 jobs
COMP NEWS - Tech giant Cisco is slashing around 5% of its workforce, cutting more than 4,000 jobs as it seeks to increase its profits. Cisco announced plans to cut 5% of its workforce on Wednesday,...
Incidental Bonuses Are Becoming Increasingly Popular
COMP NEWS - Organizations are increasingly turning to incidental bonuses and other variable-pay compensation in order to reward long-term employees. The use of referral, sign-on, spot and retention...
Companies Are Making Big Profits. So Why Are There So Many Layoffs?
COMP NEWS - Companies everywhere are posting large profits. The U.S. labor market shows signs of increasing resilience. Unemployment remains below 4%. So why are so many companies laying off staff?...
More Companies Are Using AI in Their Hiring Processes. It May Be Filtering Out the Right Applicants.
COMP NEWS - As companies increasingly use AI in their hiring processes, applicants are finding themselves filtered out of roles they may be the perfect fit for. Body-language analysis. Vocal...
Workers Who Use Artificial Intelligence Get Nervous About Losing Their Jobs to it
COMP NEWS - A new survey highlights a significant correlation between workers who use artificial intelligence for their jobs and workers who are also scared of losing their jobs to artificial...
Boeing Workers Plan to Demand a 40% Pay Increase
COMP NEWS - Unionized workers at Boeing are planning to ask for a 40% raise and better health insurance, setting the stage for what is sure to be an intense negotiation between workers and...
UK Employees Set to See Slip in Salary Rises in 2024
COMP NEWS - UK employees will see lesser increases in salary increases in 2024 as companies plan to spend money to increase their workforce numbers. UK employees can expect lower salary increases as...
Newly Released Architectural Compensation Survey Unpacks Salary and Benefits Trends
COMP NEWS - A new survey on compensation at architectural firms sheds light on salary and benefits packages, showing that the national median salary for new graduates now sits at about $59,000....
New Surveys Provide Insights for Canadian Comp Planning in 2024
COMP NEWS - A series of new surveys on Canadian compensation planning indicate that 2024 will be the year of sufficient - but not impressive - pay raises for employees. Three new surveys came out...
Feds Need 7.4% Pay Raise Next Year to Close Pay Gap
COMP NEWS - Federal employees need a sizable pay bump next year to begin closing the pay gap between the public and private sectors. Federal employees earn around 27.5% less on average than their...