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Starbucks Union Rejects Company’s 2% Annual Raise Guarantee As reported by Reuters , Starbucks union delegates have voted to reject the company’s latest contract proposal, which organizers said fell short by only guaranteeing annual raises of at least 2%.

According to the National Association of Corporate Directors’ 2023-2024 Director Compensation Report, median pay for directors rose 4% in 2023, up from the previous year’s increase of 2%.

Save Reuse Permission Sixty years ago on July 2, President Lyndon B.

Employers Added Just 114,000 Jobs in July; Unemployment Rose to 4.3% The U.S. unemployment rate rose to 4.3% in July, and nonfarm payroll employment edged up by 114,000, far below expectations, according to a data report released August 2 by the Department of Labor’s Bureau of Labor Statistics (BLS).

Parker signed an executive order Jan. 2 aimed at removing college degree requirements for certain city jobs as part of a broader effort to diversify the city workforce, reports The Philadelpha Inquirer.

The plan will go into effect June 2.

FOUR TENETS OF MODERNIZING THE TOTAL REWARDS EMPLOYEE EXPERIENCE So, what are the key tenets of a modernized employee experience when it comes to total rewards?

Residual Cash Earnings: A Modern Version of Economic Profit While our analysis shows the relationship between most financial measures and TSR outperformance is fluid over time, companies that consistently grow residual cash earnings (RCE) — a modernized version of economic profit — consistently outperform on TSR.

He stated, “There are many issues that require regulatory clarity and stability so that the system can function properly, including (1) modernizing defined contribution plans to include alternative investments, such as private equity and cryptocurrency ; (2) the consideration of ESG [ environmental, social and governance ] factors; (3) the fiduciary rule as applied to [individual retirement account] rollovers; (4) mental health parity; (5) plan forfeitures; (6) pension risk transfers; (7) tobacco and vaccine surcharges and wellness programs; (8) managing pharmacy benefit managers and healthcare costs; and (9) cybersecurity to protect participants assets — just to name a few key issues.

The resurgence of skill-based pay reflects the growing need to address modern workforce challenges and evolving business priorities.