|
1. Warner Bros. Discovery (WBD) is tying part of executive pay to company performance in an effort to incentivize employees to achieve key financial objectives such as "increased free cash flow and reduced leverage." The company is also setting aside $27M in performance-restricted stock units (PRSUs) for company executives and employees, with $15M in restricted stock units (RSUs) for other employees throughout the organization.
Q: Do you think it's a clever idea to tie executive pay to the company's performance? Share your thoughts on Inside.com. |
|
2. A study of thousands of U.K. employees, HR practitioners, and business executives conducted by OC Tanner found that almost half (47%) of U.K. employees feel dissatisfied with the praise they receive at work. Charles Cotton, senior reward adviser at the Chartered Institute of Personnel and Development (CIPD), recommends that organizations review their reward and recognition programs to ensure that they support "the needs of both the business and staff.”
Q: Aside from paying a regular salary, how does your company reward its workers? Tell us on Inside.com. |
|
3. At HRD's Wellbeing Summit Canada, CloudMD marketing executive Melissa Alvares revealed that only 37% of employees utilize their mental health benefits. The SVP of the digital healthcare ecosystem company attributed the shortfall to the complications of the available products and their inaccessibility.
Q: How do you think companies can influence greater usage of mental health benefits? |
|
4. Dozens of Starbucks employees released an open letter to the Starbucks executive leadership team and board of directors, expressing their discontent with the company's decision to force corporate workers to return to the office three days per week. Close to 4,000 employees are expected to have been impacted by the decision. With Starbucks CEO Howard Schultz facing scrutiny for the treatment of organizing workers, the company is now under pressure to respond. |
|
5. At the start of 2023, the Federal Trade Commission (FTC) proposed a ban on non-compete clauses, citing several consequences of their existence such as lower wages and the prevention of novel innovation. Employment attorney Harvey R. Linder stated that the ban would have a "disastrous effect" on small businesses due to the increased likelihood of their existing customers being poached by former employees. HR executives have until April 19 to voice their concerns. |
|
6. In Q4 2022, labor productivity among non-farm workers was revised to be 1.3% lower than preliminary estimates, resulting in an increase of 1.7% quarter-over-quarter. The Bureau of Labor Statistics (BLS) noted that the data was "revised to incorporate regular updates of source data on output and compensation published by the Department of Commerce" on Feb. 23. |
|
|
