The 2024 SHRM Employee Benefits Survey highlights significant trends and shifts in employee benefits, reflecting the evolving priorities of both employers and employees. This year, the survey emphasizes the importance of health care, flexible work, and family care benefits, while also noting changes in professional development and financial wellness offerings. A few observations from the…
Walmart is shaking things up for its U.S. hourly store workers with a fresh annual bonus program, sparked by direct feedback from its team. Starting at a cool $1,000 annually, these bonuses grow alongside tenure and store achievements, requiring just one year on the job to qualify. This follows Walmart’s recent bump in minimum hourly…
Singapore Airlines has announced substantial bonuses for its employees following a record-breaking fiscal year. With a reported net profit of $1.98 billion for 2023-2024, the airline plans to reward its staff with a bonus nearly equivalent to eight months’ salary. This decision comes amidst a strong recovery in air travel, driven by the reopening of…
French tire manufacturer Michelin has taken a bold step to address the plight of its workforce by implementing a living wage policy for its 132,000 employees globally. This move comes after years of advocacy by the company’s leadership, who recognized that many employees were struggling to make ends meet on the existing minimum wage. Michelin’s…
This year’s spring wage negotiations in Japan have brought significant pay increases, hitting a 33-year high with an average hike of 5.28%. This surge is fueled by robust corporate earnings and labor shortages. The Japanese Trade Union Confederation aimed for a 5.85% raise, but the achieved 5.28% surpasses last year’s figures, marking a notable improvement….