COMP NEWS: DAILY COMPENSATION STORIES
Hyundai Workers Announce Union as UAW Continues to Expand
COMP NEWS - Workers at the only Hyundai plant in the U.S. have successfully unionized under the United Auto Workers (UAW), marking another expansion for the country's largest automaker union. Thirty...
Meta Increasing Employee Bonuses After Record-Breaking Quarter
COMP NEWS - A year after slashing its workforce by 22%, Meta is giving its remaining workforce boosted bonuses after the company posted a record-breaking quarter. Meta Platforms Inc. has reportedly...
Prestige Law Firm WilmerHale Offers Supersized Bonuses to Associates
COMP NEWS - Prestige biglaw firm Wilmerhale is awarding its associates with both supersized salaries and bonuses after a successful year. January is almost over and temperatures are cold, but Biglaw...
2023 Was Not a Great Year for Year-End Bonuses
COMP NEWS - Year-end bonuses in 2023 were significantly smaller than in 2021, according to recently released compensation data from payroll company Gusto. Employers were a little less jolly this...
U.S. Federal Salaries Won’t be Tied to Private Sector Pay Histories
COMP NEWS - A new ruling from the Office of Personnel Management has made it more difficult for federal agencies to adjust salaries and compete with private sector job offers. The Office of...
Top South Korean Manufacturers Announce Array of Bonuses – Both Impressive and Disappointing
COMP NEWS - Several of South Korea's top manufacturers and conglomerates are awarding massive bonuses to their employees, while others are South Korea’s top conglomerates are announcing their plans...
Wells Fargo Hands Out $1,000 Bonus to Lower-Paid Employees
COMP NEWS - Wells Fargo is handing out $1,000 bonuses to many of its lower-paid employees in recognition of their efforts, and perhaps in response to recent unionization talks. Wells Fargo is...
Southwest Airlines Flight Attendants Approve Strike Authorization with 98% Yes Vote
COMP NEWS - After more than five years of negotiating for a new Collective Bargaining Agreement, flight attendants with Southwest Airlines are ready to strike next month. DALLAS--(BUSINESS...
Microsoft Lays Off 1,900 Staff From Its Video Game Workforce
COMP NEWS - Microsoft is cutting hundreds of workers from its video game staff, following a recent trend in mass layoffs for video game publishers. Microsoft is cutting 1,900 staff from its video...
Wayfair Lays Off 13% of Its Workforce Weeks after Telling Employees to Work Harder
COMP NEWS - Wayfair has announced that it will lay off more than 1,600 employees, marking the company's third consecutive year of trimming its workforce after a period of zealous overhiring in 2020....
