Posts Tagged ‘compensation’

U.S. workers see earnings rise

by Wally Northway Published: May 20,2010

Tags: compensation, jobs, pay, salaries

Real average hourly earnings for all employees rose 0.1 percent from March to April, seasonally adjusted, the U.S. Bureau of Labor Statistics reports. This increase stems from a 0.1 percent decrease in the Consumer Price Index for All Urban Consumers (CPI-U) while average hourly earnings remained unchanged. Real average weekly earnings rose 0.4 percent over […] [...]

AT&T workers vote on striking

by Associated Press Published: April 8,2010

Tags: benefits, compensation, employee benefits, labor, labor unions, pay, telecommunications, unions

SOUTH MISSISSIPPI — Union workers at AT&T Mobility in South Mississippi have voted on whether to strike as part of an effort to get an in increase wages and benefits. Eric Cox, treasurer for the Communications Workers of America Local 3519, said the company’s 400 employees are in contract negotiations. The workers, who handle customer […] [...]

Pay czar cutting GMAC executives’ compensation

by Associated Press Published: March 16,2010

Tags: automaker, automobile industry, compensation, GMAC

WASHINGTON — The Obama administration’s pay czar is reducing 2010 compensation for top executives at GMAC Inc. because the auto finance giant continues to lose money and has no strategy for repaying its $16.3 billion taxpayer bailout, according to people familiar with the negotiations. The people say only one of the 25 highest earners at […] [...]

Wall Street bonuses keep rising

by Associated Press Published: February 23,2010

Tags: compensation, investing, stocks and bonds, Wall Street

NEW YORK — Wall Street bonuses were up 17 percent to over $20 billion in 2009, the year taxpayers bailed out the financial sector after its meltdown, New York state Comptroller Thomas DiNapoli said today. Total compensation at the largest securities firms grew beyond that figure and profits could surpass what he calls an unprecedented […] [...]

Average earnings remained flat last year

by Wally Northway Published: February 21,2010

Tags: compensation, earnings, pay, salaries

Real average hourly earnings was unchanged from Dec. 2009 to Jan. 2010, seasonally adjusted, the Bureau of Labor Statistics reports. A 0.2 percent increase in the Consumer Price Index for All Urban Consumers (CPI-U) was offset by a 0.2 percent increase in average hourly earnings for all employees. Real average weekly earnings grew 0.3 percent […] [...]

Ex-Katrina workers getting backpay

by Associated Press Published: February 11,2010

Tags: compensation, Department of Labor, disaster recovery

The U.S. Department of Labor’s Wage and Hour Division has resolved a lawsuit against Houston-based Universal Project Management Inc. and Irving, Texas-based Fluor Enterprises Inc. for failing to pay $1million to 154 workers in overtime compensation in the wake of Hurricane Katrina as required by the Fair Labor Standards Act (FLSA). “Workers who help rebuild […] [...]

Earnings make sharper climb

by Wally Northway Published: January 25,2010

Tags: compensation, federal agency, wages and salaries

Median weekly earnings of the nation’s 98.7 million full-time wage and salary workers were $748 in the fourth quarter of 2009, the U.S. Bureau of Labor Statistics reports. This was 2.7 percent higher than a year earlier, compared with a gain of 1.4 percent in the Consumer Price Index for All Urban Consumers (CPI-U) over […] [...]

Average earnings on the rise

by Wally Northway Published: October 20,2009

Tags: compensation, federal agency, recession

WASHINGTON — Median weekly earnings of the nation-s 100.1 million full-time wage and salary workers were $738 in the third quarter of 2009, the U.S. Bureau of Labor Statistics reports. This was 2.5 percent higher than a year earlier. The Consumer Price Index for All Urban Consumers (CPI-U) fell by 1.6 percent over the same […] [...]

Hourly earnings take a hit

by Wally Northway Published: October 19,2009

Tags: compensation, recession

Real average hourly earnings fell 0.1 percent from August to September, seasonally adjusted, the Bureau of Labor Statistics reports. This decline stemmed from the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), up by 0.2 percent, outpacing 0.1 percent growth in average hourly earnings for production and nonsupervisory workers. Real average weekly […] [...]

Employer cost survey released

by Wally Northway Published: September 14,2009

Tags: compensation, employee benefits, federal agency

Employers spent an average of $1.29 for employee retirement and savings plans for every hour worked in June 2009, the Bureau of Labor Statistics reports. This accounted for 4.4 percent of total compensation. Total compensation (wages and salaries and benefits) for civilian workers averaged $29.31 per hour worked in June 2009. Wages and salaries, which […] [...]

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