Practical HR Tips, News & Advice. Updated Daily.
Employer-sponsored private-sector defined benefit (DB) plans have been on the decline for many years as U.S. employers have shifted to defined contribution (DC) retirement plans. Just 17% of private-sector employees had only a DB plan or both a DB and DC plan as of March 2018, according to the Bureau of Labor Statistics (BLS). Meanwhile, […]
Employee bonuses are often used as tools for motivation and retention. In some cases, they’re used as a means to keep base pay stable while still giving employees recognition. When salaries are increasing but salary budgets are not keeping pace, bonuses can be a way to offer recognition without changing the year-to-year obligations if circumstances […]
Mentorship programs can motivate your employees, develop their leadership skills, and improve productivity. But setting up an effective mentorship program isn’t always easy.
In part one of this article, I spoke with Brad Denny, Principal at Deloitte, to discuss what its “2019 Human Capital Trends Report” found about what work will look like in 5–10 years and the value of social enterprises. In the conclusion of the interview, we’ll look at the business-critical impact of the human element […]
An unfortunate emerging issue for employers is the rise of workplace shootings. Even courts and judges have taken note in their judicial opinions that workplace violence is increasing. Of course, employees may be exposed to different degrees of violence at work. Workplace shootings are on the extreme end of the spectrum.
Practitioners and plan administrators are celebrating the arrival of several helpful revisions in a newly updated Internal Revenue Service (IRS) Employee Plans Compliance Resolution System (EPCRS) Revenue Procedure 2019-19.
Pay compression happens when the pay levels within an organization start to converge, and there’s less and less differentiation for things like years of experience and education levels. This happens far too easily—typically because the pace of raises doesn’t always keep up with the speed of market-level wage increases for new hires.
Between the war for talent, automation, the surge in gig workers, and independent contractors, everyone wants to know where this whole work thing is headed.
Do you associate alcohol addiction with workplace events, like a group of coworkers at a happy hour on a Friday afternoon? No, but perhaps you should. Nearly 50 million Americans struggle with addiction, and alcohol is the most common culprit. Drinking is pervasive throughout our culture, with almost half of all Americans over age 12 […]
Managing a multigenerational workforce is no easy feat for today’s Human Resources (HR) departments. While Boomers set sail into retirement, bright-eyed Millennials crop up in their place, bringing with them wildly different experiences and expectations that challenge the meaning of “workplace benefits” as HR currently knows it to be.