Practical HR Tips, News & Advice. Updated Daily.
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.
New data from a survey by PayScale, Inc., addresses male and female perspectives on gender equity and equal opportunity in the workplace and confirms that there is a “perception gap” between the sexes, especially in male-dominated fields such as the tech industry.
Hospitals are still resisting transparency, and reacting in unconstructive ways to reference-based pricing. The evidence shows many health care providers have some way to go in embracing changes designed to repair our nation’s cost spiral. We in the self-funding industry can make a difference, and at the same time protect our plan members from unfair […]
A new survey has found that many student loan borrowers in the U.S. would prefer to work for a company that offers student loan management help as part of their benefits package. The survey was conducted among 1,000 individuals with student loans by Iontuition Inc., a member of the Ceannate companies that helps students and […]
By Michael Welling, Partner, Meridian Risk Management Let’s be honest. No one wants to talk about insurance. The mere thought of buying something you hope you never have to use is quite unnerving for most. In fact, conventional wisdom tells us that insurance is essentially just “a drain on the bottom line” or just “an […]
The plan loan activity of participants in employer-sponsored 401(k) plans that allow it declined slightly in the first three quarters of 2015, but remained steady with the previous-year period’s levels, according to a recent survey. As of September 2015, the latest available data when the Investment Company Institute issued the report, 17.6 percent of defined contribution plan […]
By Bruce Roffé Businesses sponsoring self-insured health plans are desperately seeking ways to reduce health care costs, and it’s no secret prescription drugs make up a significant chunk of those costs. If you look more closely, specialty drugs emerge as a main culprit. These high-cost meds made up less than one percent of all written […]
We would like to have 3 different payroll deductions for employee benefits—for employees who work under 30 hours per week, 30-39 hours per week, and 40 or more hours per week. What are the surrounding legal issues?
By Ruth Berkowitz, VP at Liazon Corporation
Millennial employees—18 to 34 years old—selected high deductible healthcare plans more than any other age group. However, while approximately 44% of employees in this group chose HDHPs, a much smaller number of these employees took full advantage of health savings accounts (HSAs), according to Benefitfocus inaugural “State of Employee Benefits 2016” report.
It won’t come as a surprise to anyone in employee benefits to hear that people in different generations listen and respond to messaging in different ways. Generational differences show themselves in many aspects of our lives, financial, social, or otherwise.