COMP NEWS: DAILY COMPENSATION STORIES
Bank of America to raise minimum employee compensation to $25/hour by 2025.
In the wake of the recent labor squeeze rocking numerous U.S. industries, a bevy of major corporations have announced wage increases to lure in new employees. Now, Bank of America is set to exceed...
Vatican Employees Pen Open Letter Describing Poor Compensation and Working Conditions
Vatican employees have a confession to make, but you don't have to be in a confessional booth to hear about it. You can instead read it in several Italian newspapers, where numerous Vatican...
Denver, Colorado announces $1,600 incentive bonus as part of “Jumpstart” to get unemployed workers back into jobs
Denver has a new plan to get unemployed residents back into the workforce. In an executive order announced Wednesday by Gov. Jared Polis, the "Colorado Jumpstart Incentive" seeks to entice the...
Under Armour to raise hourly wages to $15 for more than 8,000 Canadian, U.S. workers
Under Armour has announced its intention to raise its hourly compensation for over 8,000 employees to $15/hr . Like many other companies coming out of the pandemic, Under Armour is seeking to hire a...
Amazon offers employees $100 bonuses if they get COVID vaccination
Amazon has announced a 100% bonus compensation for new employees who have received vaccination against COVID-19. The extra bonus comes as a result of the company's recent push to hire more than...
Global Top 100 Law Firm Boosts Associate Pay With 9% Average or Higher Raises
This year has proved a busy time for law firms looking to retain their talent. Compensation scales and variable pay bonuses have been fiercely competitive, with many increasing their annual salaries...
Pennsylvania Ice Cream shop receives over 1000 applications after raising employee compensation from $7.25/hr to $15/hr
A Pennsylvania ice cream shop found itself struggling to remain staffed with employees. So they raised their minimum wage from the federal minimum of $7.25 an hour to $15 an hour - and received over...
91% of Texas restaurant operators say job openings are difficult to fill, survey says
It sounds improbable: a country with open job positions everywhere - yet no one willing to fill them. But a recent survey found that the improbable is reality, at least in Texas: 91% of surveyed...
Big Law Firm Holland & Knight announces new salary scale for associates
Another day, another law firm, another new compensation scale in the fiercely competitive field of Big Law firms looking to retain its hard-working associates! The firm announcing salary increases...
Penn-Mar boosts starting wages for health care workers to $15.50 an hour
Penn-Mar Human Services, a nonprofit organization that serves people with disabilities, is boosting the hourly wages of it's employees to $15.50 an hour, more than 40% above the median pay of a...