Comp & Benefits: Page 3
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Employers explore emergency savings benefits as workers struggle to stay afloat
Employee financial resilience has been a “significant challenge” in recent years, and a recent regulatory change may spur adoption of a new solution.
By Ryan Golden • Feb. 8, 2024 -
Photo by Anthony Shkraba from Pexels
Want to revamp employer branding? Establish a global benefits standard
As employers seek to approach benefits packages more mindfully in 2024, establishing a “global standard” may help attract and retain talent.
By Caroline Colvin • Feb. 7, 2024 -
Explore the Trendline➔
Adeline Kon/HR Dive
TrendlineInside the rapidly changing world of employee benefits
Research shows employee engagement is waning, and as employers work to address that obstacle, some are taking a closer look at their benefits offerings.
By HR Dive staff -
Courtesy of Food Lion
Why are Black workers less likely to have retirement savings?
The financial pressures on Black workers, especially those from low-income backgrounds, can put a peaceful retirement perpetually out of reach.
By Jen A. Miller • Feb. 7, 2024 -
Prostock-Studio via Getty Images
3 charts breaking down unlimited PTO trends
Open PTO has garnered interest from employees and employers alike in recent years. But how many have really implemented the benefit?
By Kate Tornone • Feb. 2, 2024 -
Mario Tama / Staff via Getty Images
Bank of America expects employee sabbaticals to pay dividends
Since January 2023, thousands of people have taken advantage of the program, a company spokesperson said.
By Caroline Colvin • Feb. 1, 2024 -
Scott Olson via Getty Images
Three-quarters of workers, students surveyed admit to concealing illness around others
Working while sick was common before the pandemic and remains common, studies show.
By Emilie Shumway • Jan. 31, 2024 -
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Walmart announces 3-for-1 stock split
The retailer said the move, the 12th in its history, will keep share purchase prices within reach for associates.
By Nate Delesline III • Jan. 31, 2024 -
Scott Olson via Getty Images
With new stock grants, Walmart store manager pay could exceed $400K
The annual stock grants vary by store format. At Supercenters, they amount to $20,000.
By Nate Delesline III • Jan. 30, 2024 -
Mark Wilson via Getty Images
Federal agency salary history ban to take effect by October 2024
Separately, a proposal would institute both a pay history ban as well as a pay transparency requirement for federal contractors and subcontractors.
By Ryan Golden • Jan. 29, 2024 -
Koh Sze Kiat via Getty Images
Most US employers plan to boost their leave programs in next 2 years, WTW finds
Leave program enhancements have become table stakes in the post-pandemic talent market.
By Ryan Golden • Jan. 26, 2024 -
Drew Angerer via Getty Images
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 -
Mario Tama / Staff via Getty Images
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 -
simon2579 via Getty Images
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 Caroline Colvin • Jan. 25, 2024 -
Courtesy of QDOBA
Qdoba will pay $3.8M to settle claim it failed to provide pay ranges in job ads
The quick-service restaurant ran afoul of Washington state law, a class action lawsuit alleged.
By Kate Tornone • Updated April 19, 2024 -
Mario Tama via Getty Images
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 -
Nadia Bormotova via Getty Images
Sponsored by BrightmineEmbracing 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 -
Justin Sullivan via Getty Images
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 Emilie Shumway • Jan. 19, 2024 -
Alex Wroblewski via Getty Images
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 -
Tom Merton via Getty Images
‘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 Emilie Shumway • Jan. 18, 2024 -
Gerenme via Getty Images
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 -
AzmanL via Getty Images
Sponsored by FedEx OfficeEngaged, 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 -
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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 Caroline Colvin • Jan. 11, 2024 -
AndreyPopov via Getty Images
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 -
Permission granted by Rutter's
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 -
AndreyPopov via Getty Images
8 stories on compensation in the new year
Despite salary increase projections hovering around 4%, many workers say they’re unhappy.
By Emilie Shumway • Jan. 4, 2024
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