COMP NEWS: DAILY COMPENSATION STORIES
Smaller Pay Hikes Tempt Employees to Switch Jobs, Study Shows
COMP NEWS - A new report highlights the drastic effect that low pay raises have on employee retention. As employers mull their 2024 compensation plans, a new report reveals how workers feel about...
Walmart Increases Average Store Manager Salary From $117,000 to $128,000
COMP NEWS - Walmart is increasing its store manager's average salary from $117,000 to $128,000. Walmart told store managers on Thursday that it would be increasing their average salary from $117,000...
Tesla Delays Pay Adjustment To Evaluate Growing Employee Dissatisfaction
COMP NEWS - Tesla is reevaluating its compensation strategy with a second wave of pay adjustments after the company's last wave of pay increases angered employees. Tesla told employees today that it...
Gen Z Shuns Work Due to ‘The Legacy of Broken Promises’ in Corporate America
COMP NEWS - Gen Z is shunning the notion of working long and hard hours after watching "the legacy of broken promises" corporate America made to their predecessors. Gen Z is choosing to "work to...
WebMD Parent Company Demands Return to Office…Aggressively
COMP NEWS - A lot of companies are pushing their employees to return to the office in a post-COVID-19. Some ask softly. Some beg earnestly. Some demand. And some release a very bizarre,...
Citi to Cut 20,000 Jobs After ‘Disappointing’ Quarter
COMP NEWS - Citigroup, a multinational financial services corporation, is reducing its workforce by about 8% after a 'disappointing' quarter. Jan 12 - Citigroup (C.N) said it would cut 20,000 jobs...
Australian Retailers Warm to Giving Five Weeks Paid Leave
COMP NEWS - Australian retailers are warming to the idea of giving up to five weeks of paid leave to their employees, with IKEA and Bunnings being the first to offer the generous package. Retail...
Bosses Want to Work From Home More Than Their Employees, Survey Says
COMP NEWS - A new survey reveals a surprising segment of employees who want to work from home the most - executives and managers. In the years-long debate over remote work, upper-level executives...
Craft Beer Company Brewdog Backtracks on Real Living Wage for Employees
COMP NEWS - Popular UK craft brewer Brewdog has committed to paying its employees a real living wage, calculated based on living standards in the UK, since 2015. But after nearly a decade, Brewdog...
3M Freezing Pensions for Non-Union Employees in 2028
COMP NEWS - Industrial manufacturing giant 3M is freezing pension plans for non-union U.S. employees in an effort to save costs, the company recently announced. 3M is freezing pension plans for...