COMP NEWS: DAILY COMPENSATION STORIES
For braving COVID-19, Ryder gives workers holiday bonuses up to $1000
As a reward for helping the company battle through COVID-19, Ryder System, one of South Florida oldest employers, is paying millions in holiday bonuses to 30,000 employees around the U.S. Full-time...
Only half of the U.S. workers will receive a salary increase in 2021
ROLLING MEADOWS, Ill., Nov. 10, 2020 /PRNewswire/ -- As business leaders around the U.S. develop their 2021 operating budgets, the shadow of COVID-19 has forced nearly half of organizations (45...
The Importance of Using Software for Equity Management in Jacksonville, FL
The Importance of Using Software for Equity Management in Jacksonville, FL Using specialized software to manage equity is just a fact of modern-day business. The importance of it cannot be...
COVID leads to slight adjustment in bonus plan
Vermont-based Mack Group, a leading contract manufacturer in the injection plastics molding market, is celebrating its 100th anniversary this year. In 1995, the company celebrated its 75th...
Hit hard by COVID-19, Walgreens won’t pay full bonuses to employees, will enhance pickup options for customers
A big drop in profits is spurring Walgreens Boots Alliance — which was already trying to reinvent itself before COVID-19 — to enhance pickup options for the drugstore chain’s customers and again...
UBS to boost fixed pay, cut bonuses in compensation revamp
UBS Group AG plans to raise the fixed salaries for some of its more senior employees by as much as 20% in a move that may help reduce poaching and allow the bank to lower its bonus pool. A review at...
Fostering employee productivity and moral through COVID-19
Companies’ actions now could have a long-term reputational impact. Demonstrating empathy and flexibility, prioritizing workers’ mental health, and creating psychological safety can have a meaningful...
How to keep your team motivated, remotely
This question is important now because, during crises such as Covid-19, people often tend to focus more on tactical work — answering the right number of tickets, or following the approved project...
Hertz Drops 2020 Executive Pay Plan That Judge Called Offensive
Instead Hertz will push forward with an $8.2 million bonus program for less-senior managers, designed to motivate them while the company reorganizes in bankruptcy, the car renter said in a court...
Vast majority of North Carolina employers plan salary increases in 2021 despite Covid-19
Among the findings is a clear indication of the effects of COVID-19 but also the lengths to which employers are going to retain their employees. 73% of companies have given salary increases this...
