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.
While a big salary grabs the attention of job applicants, most high achievers recognize that money is just one part of the overall picture when it comes to what makes a job worthwhile. Benefits also play a significant role. And though employers regularly reevaluate and update salary packages, many pay too little attention to […]
Businesses often face the challenge of attracting and retaining star employees. It can be tempting to offer star employees ownership in the business to prevent the hardship of losing star employees after investing time, money, and resources into training and onboarding. The main drawback of offering ownership is potentially relinquishing some control in the business. […]
Q If we offer unlimited paid time off (PTO) and employees don’t accrue PTO, do we have to pay anything out at termination? Generally, the answer is no, but there is limited case law on this question, and the answer may change based on how the unlimited PTO is administered. Under Colorado and other state laws, […]
The days are getting longer, the weather is getting warmer, and allergy season is in full swing. For individuals and families everywhere, that signals a change in healthcare needs. HR teams can help employees prepare for spring health needs, and help reduce how often they have to ask, “Is it a cold or is it […]
In today’s economy, it’s more important than ever before for employers to focus on attracting and retaining employees. The current competitive market environment and higher expectations from candidates means employers need to differentiate themselves, and one way to do this is with workplace benefits. Workforce Retention Resources While some employment metrics are promising—such as the […]
Attracting and retaining talent is a crucial element in the success of any business. Human capital can make the difference between a struggling company, an ordinary company, and a truly stellar organization. When competing for talent with other employers, it’s easy for businesses to fall into the trap of thinking the only way to hire […]
While the gender pay gap hit a historic low this year, there is still much work to be done to achieve pay equity in the US. Women still only earn an average 85% of what men do, and post-pandemic workforce participation lags for women, despite periods where they were leading workforce recovery. Wage adjustment is […]
Employers can play a role in helping employees with their student loan repayment needs, and many are doing just that. According to the Education Data Initiative, student loan debt in the U.S. has reached $1.777 trillion, with 42.7 million borrowers faced with the need to repay the loans they used to at least partially fund […]
A well-designed benefits package doesn’t add value if employees don’t understand what benefits are available to them and how to access those benefits. One of the biggest reasons employees underutilize their benefits has nothing to do with cost or coverage. Instead, it has everything to do with communication. Why Communication Matters More Than Design Benefits […]
The gap between what employees want from their benefits and what employers offer continues to grow. While traditional offerings like health insurance and retirement plans are still valued, they’re no longer enough to differentiate employers in a competitive talent market. Expectations have evolved—and fast. The Basics Are Now Just the Starting Point Health coverage, PTO, […]