Conference Board Announces CEOs Plan to Increase Wages by a Minimum of 3%
HR Digest
AUGUST 23, 2023
Nonetheless, there are still calls for higher compensation — hourly earnings after adjusting for inflation have only gone up 1.1% In an earnings call on Tuesday, UPS CFO Brian Newman reported that the company decreased compensation and benefits by $205 million in the second quarter by eliminating 2,500 managerial positions annually.
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