Nintendo Announces 10 Percent Pay Raise For Devs Despite Lower Profits

by Brennan Zagami | Feb 13, 2023 | Comp News | 0 comments

COMP NEWS – In response to a decline in revenue, Nintendo is taking a different route from laying off staff – it’s giving them a blanket pay raise instead. Nintendo announced a 20 percent Switch sales drop in its latest financial report, but still...

Amazon Illegally Threatened To Withhold Raises Ahead of Union Votes, Judge Finds

by Brennan Zagami | Feb 10, 2023 | Comp News | 0 comments

COMP NEWS – A court judge has ruled that Amazon violated federal labor law by threatening to withhold compensation from workers attempting to unionize. Jan 31 (Reuters) – Amazon.com Inc (AMZN.O) illegally threatened to withhold raises and benefits from...

Lack of Clarity on Incentive Compensation Rules For Bankers is Troubling, Reform Advocate Says

by Brennan Zagami | Feb 9, 2023 | Comp News | 0 comments

COMP NEWS – Reform advocates are worried about the SEC’s rulemaking agenda this year, as the newly unveiled schedule failed to include a plan to finish the Dodd-Frank rule, an important rule that seeks to discourage reckless incentive compensation models...

Incentive Pay Improves Quality of Work – Even on Unsupervised and Menial Tasks

by Brennan Zagami | Feb 8, 2023 | Comp News | 0 comments

COMP NEWS – A new study on the methodology for devising effective incentive pay found that such models of compensation work – even for unsupervised and untechnical tasks. Executives have good reason to be uncertain about the value of financial incentives:...

Amidst Wave of Layoffs, Some CEOs Elect to Cut Their Pay Rather Than Workers

by Brennan Zagami | Feb 6, 2023 | Comp News | 0 comments

COMP NEWS – Amidst a wave of layoffs in the tech and finance industries, several CEOs are electing to cut their pay in an effort to retain talent and avoid making cuts to their workforce. Six CEOs that are taking pay cuts to their annual bonuses or salaries in...