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.
In today’s work environment, U.S. employees are experiencing increasing levels of stress and burnout due to longer workweeks, the labor shortage, the return of time-consuming commutes, increased responsibilities post-COVID and other similar issues that can impact mental and physical health. A recent report released by LLC.org ranked the top 30 “Most Stressful Cities to Work […]
Environmental, social and governance (ESG) has become a cornerstone of corporate attitudes. Throughout the last decade, companies have ramped up their sustainability initiatives and concentrated on creating diverse and equitable teams. However, employee well-being tends to get overlooked. Following nearly three years of pandemic pandemonium, employees, companies, and investors view health as integral to the […]
When determining how to compensate nonexempt employees, employers have a variety of options. Paying an hourly rate is certainly the most common, but other methods include salary, commissions, daily rates, and piece-rate pay (sometimes referred to as piece work). Piece-rate pay refers to a system in which employees are paid a fixed amount per item […]
A quick SECURE Act 2.0 summary is nearly impossible to give. Like the original 2019 SECURE Act, the goal of the update was to increase the number of companies offering retirement plans and to increase employees’ participation in those plans. While the original SECURE Act brought forth new changes, SECURE Act 2.0 far exceeds the […]
Getting “back to normal” as the COVID-19 pandemic has eased has not been simple for anyone. In terms of plan administration, the continued tolling of employee benefit plan deadlines, including those related to continuation coverage under the Consolidated Omnibus Budget Reconciliation Act (COBRA), has kept plan administrators firmly planted in a “COVID-19 world,” even as […]
Just about all employers and brokers agree the health plan industry needs an overhaul. That’s one of the clear takeaways from Centivo’s late 2022 Employer & Broker Health Plan Trends Survey. Exactly how to make change happen, however, is where these groups somewhat disconnect: We found that far more employers are open to innovative ideas […]
Everyone’s talking about junk fees these days. Even the president called them out in his State of the Union Address. One of the worst offenders is the banking industry, which makes money from overdraft, bounced check, and credit card fees. Junk fees cost your employees money and eat into their paychecks, but employers have a […]
The decade ahead will likely be known for innovations we haven’t even imagined yet. In the workplace, it may be known for the rise of a new way of scheduling employees: the 4-day workweek. As overwork has become a chronic issue, entire countries have started piloting and testing shorter workweeks. Between 2015 and 2019, Iceland […]
In this economic environment, employers are doing almost anything to attract and retain a quality workforce. Improving the suite of employee benefit offerings, sometimes without incurring major new expenditures, is top of mind for many. Enter SECURE 2.0, which includes a long-awaited 401(k) feature that has sparked employer interest for years. What Is It? The […]
The 4-day workweek (32 hours at 8 hours/day x 4 days/week) recently has come back into major discussion. The latest brick in the wall is researchers at Boston College, think tank Autonomy, and Oxford and Cambridge Universities wrapping up the largest research study to put that question to the test, with 61 companies and 2,900 […]