COMP NEWS: DAILY COMPENSATION STORIES
State Workers in NY to get retroactive salary increase of $600M
New York State has announced a retroactive salary increase for approximately 120,000 state workers. The bump comes after workers were forced to sacrifice their expected 2% raises last year following...
Study Shows That People Working From Home Less Likely To Get Bonuses or Promotions
Do you work from home? If so, you may be less likely to receive bonus pay or promotions, according to findings from a recent UK study. According to the data, the average gross weekly pay of those...
The Newest Metric For Measuring CEO Bonuses? Climate Change Action
As the times change, Corporate America wants to convince you that it's changing too. Social justice and climate action are hot-button topics that continue to shape national dialogue. Now, some CEOs...
Wells Fargo disappoints some junior bankers with lackluster bonus allocation
Over a month ago, junior analysts and associates at Wells Fargo put a presentation together asking their employer to reimburse them for meal expenses while working. Wells Fargo responded with an...
Law Firm Announces New College Savings, Adoption, Surrogacy, and Fertility Aid For Employee Benefits Plan
A popular law firm has announced several a new benefit for employees - among them a 529 College Savings Plan. While it's not uncommon for big law firms to award large bonus allocations and benefits...
Sentara Healthcare awards $1,500 employee bonus to pandemic workers
A Virginia-based healthcare organization is giving out an up to $1,500 bonus allocation to reward employees who worked through the global pandemic. Sentara has over 28,000 employees. Clinical and...
Florida Restaurants compete for talent by offering employee signing bonuses
Restaurants in Florida have rolled out a new incentive to gain new employees: a signing bonus. Social-media users might’ve spotted restaurants’ recent all-caps advertisements on Facebook and...
Ashurst law firm doubles bonus pool in addition to one-time bonus allocation
Global law firm Ashurt is doubling its bonus pool in addition to handing out a one-time "special reward" for those who worked through the pandemic. Many law firms have recently announced upgrades to...
Louisiana Teachers Union Sues Over Bonus Allocation For Teachers
It's not every day you read a story about someone being sued for allocating extra bonus pay, but that's exactly what's happening down in the Pelican State. The Caddo Parish School Board approved a...
Georgia preps to send schools $230 million for employee bonuses
Full-time teachers in the state of Georgia are slated to receive a one-time retention bonus of $1,000 from federal stimulus dollars. Part-time teachers will be eligible for about half of that...