Comp & Benefits: Page 2


  • Bank of America CEO Brian Moynihan moderates a discussion while seated onstage.
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    Drew Angerer via Getty Images
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    Bank of America, Wells Fargo announce bonuses to rank and file

    About 97% of BofA’s workforce will get restricted stock bonuses worth a collective $800 million, while Wells Fargo employees who make less than $75,000 are eligible for cash awards of $1,000.

    By Rajashree Chakravarty • Jan. 26, 2024
  • A 'Join Our Team' sign is displayed outside a Chipotle location, advertising a $16.75 wage with an opportunity to earn up to $100,000.
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    Mario Tama / Staff via Getty Images
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    Chipotle targets Gen Z workers with latest benefits

    The chain, whose workforce is 73% Gen Z, hopes to appeal to the demographic’s economic insecurity and hire 19,000 workers by spring. 

    By Aneurin Canham-Clyne • Jan. 25, 2024
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    Trendline

    A deep dive into pay equity

    How can HR address pay equity with all stakeholders in mind?

    By HR Dive staff
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    simon2579 via Getty Images
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    Current wages aren’t keeping up with cost of living, workers say

    Per Monster’s 2024 workplace report, the economy is straining both employers and employees — but flexible scheduling may provide an egalitarian benefits middle ground.

    By Jan. 25, 2024
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    Courtesy of QDOBA
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    Qdoba settles claim it failed to provide pay ranges in job ads

    The quick-service restaurant ran afoul of Washington state law, the proposed class action alleged.

    By Jan. 23, 2024
  • Two flags flown by fast food workers demonstrating in support of AB 257.
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    Mario Tama via Getty Images
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    California’s $20 fast food wage poses risk and reward, execs say at ICR

    Operational changes, value offerings and pricing are key tools in preserving traditional margins as wages rise, leadership from major chains shared. 

    By Aneurin Canham-Clyne • Jan. 23, 2024
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    Nadia Bormotova via Getty Images
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    Sponsored by XpertHR

    Embracing pay transparency to drive pay equity

    Learn how employers can drive transparency and address disparities through proactive measures in compensation and benefits.

    Jan. 22, 2024
  • In an aerial view, trucks sit parked in front of a Walmart store on February 21, 2023 in Richmond, California.
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    Justin Sullivan via Getty Images
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    Walmart ups store manager pay to an average $128K, revamps bonus structure

    “The number one driver of job satisfaction is an associate’s manager,” a Walmart executive noted in his announcement.

    By Jan. 19, 2024
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    Alex Wroblewski via Getty Images
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    JPMorgan’s Dimon, after 4% raise, got $36M in 2023

    A breakdown of the CEO’s salary shows $1.5 million in base salary and $34.5 million in performance-based variable incentive compensation — $5 million of which will be in cash and the rest in stock.

    By Rajashree Chakravarty • Jan. 19, 2024
  • A person with an upper respiratory illness lays on the couch while resting at home.
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    Tom Merton via Getty Images
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    ‘Sick shaming’ persists, survey shows — even after COVID

    Many managers suspect workers lie about sick time, encourage sick workers to come into the office and admit to shaming workers for their illnesses, a Resume Builder survey found.

    By Jan. 18, 2024
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    Gerenme via Getty Images
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    Rising health insurance premiums linked to wage stagnation, study finds

    Premiums as a percentage of compensation were significantly higher for Hispanic and Black families over the more than 30-year study period.

    By Emily Olsen • Jan. 17, 2024
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    AzmanL via Getty Images
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    Sponsored by FedEx Office

    Engaged, encouraged, connected: Workplace productivity for organizations returning to the office

    Organizations that want to keep employees engaged, encouraged and connected will want to consider the return to work from three angles.

    Jan. 16, 2024
  • Passersby stand and watch as a police officer escorts a demonstrator holding a placard reading 'Hecht's employees on strike, we are not playing, we want a living wage'
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    FPG/Archive Photos via Getty Images
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    Workers are (a little) more satisfied with compensation

    While Eagle Hill expects retention to decline in the first half of 2024, compensation continues to be a positive factor.

    By Jan. 11, 2024
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    AndreyPopov via Getty Images
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    Job ads with broad pay ranges may deter applicants, study says

    Study participants were more likely to respond negatively to job ads with wide pay ranges and view employers as less trustworthy.

    By Carolyn Crist • Jan. 8, 2024
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    Permission granted by Rutter's
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    Rutter’s targets employee retention with $18 minimum wage

    The pay raise is the company’s eighth in the past four years as c-stores continue to battle labor woes.

    By Jessica Loder • Jan. 5, 2024
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    AndreyPopov via Getty Images
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    8 stories on compensation in the new year

    Despite salary increase projections hovering around 4%, many workers say they’re unhappy.

    By Jan. 4, 2024
  • Team of business associates monthly meeting to plan a loan to buy real estate. And movable property to calculate and budget appropriately and save the most money.
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    Kanizphoto
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    Salary increases may slow this year, but they’re still expected to remain historically high, survey says

    Companies also still expect to include ESG-related issues as a metric in their incentive plans, according to the latest research from Pearl Meyer.

    By Laurel Kalser • Jan. 2, 2024
  • Department of Labor exterior
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    Caroline Colvin/HR Dive
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    DOL moves to rescind Trump-era association health plan rule

    The 2018 rule sought to expand health insurance and coverage options for certain groups but “was never fully implemented” after a court ruling blocked it.

    By Dec. 21, 2023
  • A person holds out their arm with a blood pressure cuff wrapped around it while another person inflates it.
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    Joe Raedle via Getty Images
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    US physical health on the decline, with implications for employers

    Unhealthy workers can lead to greater levels of absenteeism and higher healthcare costs, a Gallup research director said.

    By Dec. 20, 2023
  • Person hands two blue bags to person at the front door of a residence.
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    Courtesy of Walmart
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    GAO: Federal agencies need to coordinate data on independent contractors, temp workers

    Millions of U.S. workers are in nonstandard work arrangements, but data on those workers is scattered and unorganized, GAO said.

    By Laurel Kalser • Dec. 20, 2023
  • A femme-presenting person in a flannel shirt and puffer vests looks off to the side in a rural setting; there is livestock behind them and trees
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    Fertnig via Getty Images
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    How retirement anxiety is a DEI issue

    Rural workers and women are less likely to feel secure heading into retirement, data suggests.

    By Dec. 20, 2023
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    Chip Somodevilla via Getty Images
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    WTW: ESG to factor strongly in 2024 executive pay plans despite pushback

    Environmental, social and governance strategies are “here to stay,” consultants said. But U.S. company boards are also seeking a more tailored approach.

    By Dec. 15, 2023
  • A businessperson hands a colleague a paycheck.
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    AndreyPopov via Getty Images
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    More than half of US professionals have asked or want to ask a co-worker’s salary

    Far fewer workers surveyed said they would be insulted if asked about their salary, a ZipJob survey found.

    By Dec. 15, 2023
  • A patient sits on an examination table in a doctor's office while a physician stands to the side and listens in a stethoscope
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    Joe Raedle/Getty Images via Getty Images
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    Employers could do more to support women’s cardiovascular health, group says

    Heart disease is underdiagnosed and undertreated in women, and treatments for it are underused, the Northeast Business Group on Health said.

    By Dec. 14, 2023
  • Close-up of one hand passing another hand two $100 bills.
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    DjelicS via Getty Images
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    US pay raises to dip, but remain high in 2024, WTW says

    While employers are still worried about the job market, fewer say they’re struggling with attraction and retention.

    By Dec. 13, 2023
  • A pay slip or stub with calculations, including tax information, is pictured.
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    MJHollinshead via Getty Images
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    Workers received fewer — and smaller — raises in 2023, report finds

    While a little more than half of workers described themselves as happy or content with their salary, most could still be tempted away.

    By Dec. 12, 2023