Category: Benefits and Compensation

This topic provides guidance on how to handle compensation issues in a way that attracts and retains the best talent and advances the strategic goals of your business. You get news and tips on what’s going on nationally and in the states, and updates on changes in regulations, possible governmental action, and emerging compensation trends.

Wellness Extends to Finances, Too

In yesterday’s Advisor, we took a look at survey results that suggest employers should take more steps to personalize their wellness programs. Today we reveal more results, including how wellness also extends into the realm of personal finance.

Global Healthcare Benefit Costs Trending Higher

The cost of employee healthcare benefits around the globe is trending higher, driven largely by the higher cost of hospital and inpatient services, medical technology, and the overuse of services, according to a survey of medical insurers by Willis Towers Watson, a global advisory, broking, and solutions company. The Willis Towers Watson Global Medical Trends […]

Getting Employees to Read Your Benefits E-Mails

By Jeffrey Hemker, national manager, Retirement Division, Invesco Plan sponsors spend a significant amount of time crafting and deploying employee benefit communications, with 73% using e-mail to get the word out. Despite these efforts, 80% of participants do not open and read materials and, of those who do open, almost half don’t fully understand the […]

Wellness Is Fairly Popular—But Not Personalized Enough

Wellness programs have become a popular way for employers to encourage engagement and productivity among employees, but they are still evolving. Personalization, providing rewards, and understanding what employees want are key to maximizing value in employer-sponsored health and wellness programs.

Effective Wellness Programs Combat Worker Burnout

Seventy percent of U.S. office workers and managers report working more than 40 hours a week, and the majority consider the office the most productive place to get work done. But employers need to take action to ensure it remains an inspiring, motivating environment. This, according to the second annual Workplace Index conducted by Staples […]

Landmark Equal Pay Law Enacted in Massachusetts

By Joan Farrell, JD, Senior Legal Editor The governor of Massachusetts recently signed significant new equal pay legislation into law. Like the equal pay laws recently enacted in other states, the Massachusetts law provides a definition for “comparable work” and protects employees who discuss their compensation with coworkers. But the new law differs from the […]