Pay Cut

Walmart to Stop Paying Employees Extra for Sundays

As part of its efforts to reduce its labor costs, Walmart plans to stop paying its staff an extra $1 an hour for working Sundays starting in 2011, according to Bloomberg. The move won't affect the retailer's 1.4 million current U.S. employees, only those hired after Jan. 1.

Pay Czar Feinberg to Ask for Stronger Clawback Provisions

Wall Street "pay czar" Kenneth Feinberg will ask several financial firms to strengthen so-called clawback provisions, but will not force them to recover bonuses paid at the height of the financial crisis, CNBC reported. Clawback provisions allow companies to reclaim compensation given to employees if, for instance, the employee is found to have caused significant losses for the firm.

How to deal with 23% pay cut

As if the workplace hasn't been interesting enough at the Boston Globe, which had threatened to close, its employees now face the double death watch...