COMP NEWS: DAILY COMPENSATION STORIES
McDonald’s follows lead of restaurants everywhere, will offer employee salary increases to combat labor shortage
As the U.S. restuarant industry continues to battle a labor shortage, McDonald's joins a long line of restaurants sweetening the pot to attract new employees. McDonald’s is raising hourly wages for...
Tyson to implement higher compensation for employees meet demand for product
Tyson Foods, one of the biggest processors of beef, chicken, and pork in the U.S., is planning to raise employee wages to combat worker turnover and meet rising demand for meat products across the...
How not to motivate employees – offering fake bonus compensations during COVID-19
A British railroad company has stoked the ire of its workers after it falsely offered them "appreciative" bonus compensations during an in-house network security test. News of the one-time bonus...
Cryptocurrency Grows in Popularity as a New Form of Salary and Bonus Compensation
As Bitcoin and Dogecoin continue to dominate the news with stories of their volatity, another related trend in their application is surfacing: more and more employees are paying salaries and bonuses...
Chipotle to incentivize new hires by increasing minimum wage average to $15/hr
Restaurant giant Chipotle commits to increase base wages for workers to a $15/hr average. The announcement comes alongside a new push to hire 20,000 new employees. In addition, there are plans to...
Minimum Compensation for Federal Contractors to increase by 25%
President Biden has signed a new executive order that would give many federal contractors working at the current minimum wage for their position a 25% increase in salary. "The current minimum wage...
Law firm Offers Saintly Bonus Compensation, Hides The Devil In The Details
Bonus season is here for many law firms, meaning its a time where many associates are pleased to receive compensation for a year of hard work. But one law firm has upset its associates by locking...
Heritage Christian to boost employee salaries by 20% for 3000 Workers
More than 3000 nonprofit workers with Heritage Christian, a nonprofit that provides services to individuals with developmental disabilities, will see a nearly 20% salary increase by May 9th....
Aon Survey projects 6% salary hike in 2021 for senior executives in India
A new study has indicated that senior executives in India are headed for a better year of financial compensation. Top executives across numerous industries have had their variable pay impacted by...
Law Firm Troutman Pepper Announces Double Delight: Increases To Both Bonus Compensation and Salary Bands
Troutman Pepper has announced popular revisions to both its bonus allocation and salary increase structures. In February of 2020, Troutman Sanders announced bonuses that associates described as “a...