COMP NEWS: DAILY COMPENSATION STORIES
Long-term jobless figures rise, underscoring economic pain
According to the Labor Department, the number of people out of work for more than 27 weeks increased to 2.4 million in September, an increase of 32.5 percent from the previous month. There are 4.9...
DOL’s Proposed Rule Examines Classification of Independent Contractors
On September 22, 2020, the federal Department of Labor (DOL) released a Notice of Proposed Rulemaking regarding rules for employers to follow when classifying a worker as an independent contractor...
Covid-19 induced economic uncertainties: ‘Salaries to have more variable, profit linked pay’
Viswanath PS, CFO, Randstad India, pointed out that companies can no longer afford to pay the salaries they used to because the pandemic has disrupted earnings. He cited a March report from Deloitte...
Fed Study: Wage growth an “illusion” that’s “almost entirely attributable” to low-wage job losses
Fed Study: Wage growth an "illusion" that's "almost entirely attributable" to low-wage job losses "The median usual weekly earnings measure that we focus on here is not an exception. Other measures...
Facebook, VMware, Netflix employees willing to trade pay for work-life balance and lower cost of living
Facebook, VMware, Netflix employees willing to trade pay for work-life balance and lower cost of living A new questionnaire on Blind found that 44% of professionals would accept a pay cut in...
Milbank Paying Pandemic Bonus with 50% Boost for Some Associates
Milbank Paying Pandemic Bonus with 50% Boost for Some Associates Milbank has matched the pandemic-related associate bonuses handed out by Davis Polk & Wardwell earlier this week with a further...
Mayo Clinic workers to recover pandemic-related salary cuts, get $1000 bonuses
Mayo Clinic workers to recover pandemic-related salary cuts, get $1000 bonuses Mayo Clinic will pay back workers whose salaries were reduced because of pandemic losses, and allied health staff will...
Most Employers, Including Fls, Plan 2021 Salary Raises
Most Employers, Including Fls, Plan 2021 Salary Raises The 2020 General Industry Salary Budget Survey, conducted by Willis Towers Watson Data Services, found companies are projecting average salary...
2 Benefits of Utilizing Compensation Software for Your Company in Florida
Year after year, you are tasked with managing your company’s employee compensation process. This means planning, allocating, and calculating merit increases which include short and long term...
Automate and Improve Your Compensation Methods Provided Online
Compensation software needs to be flexible and affordable. If you are looking for the best way to automate your manual process, the most reliable compensation management software on the market may...