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.
Since the start of the new year, many states have introduced pay compliance laws. As a result, companies are now faced with the difficult task of defining their compensation with clarity and making critical decisions about how pay ranges will be defined within their personnel budgets. Although it’s a tough job, there is a silver […]
With the start of the new year, two additional states enacted laws requiring employers to provide salary ranges on job postings. On January 1, 2023, California and Washington enacted wage transparency laws, joining Colorado, New Jersey, and New York City. These laws were enacted in response to calls from advocates for fair treatment of similarly […]
It can be hard for managers when employees take vacations, as those vacancies, even brief ones, impact productivity and require others to pick up the slack. Time off, though, is critical for employees and can have a positive impact on their mental health, stress levels, and creativity. The Mental Health Benefits of Time Off […]
The Great Resignation of 2022 created a pervasive issue across all enterprise organizations: attracting and retaining top talent. In fact, 63% of recruiters say the talent shortage is their biggest problem, and, as a result, leaders are scrambling to implement policies, perks, and other benefits to set their business apart from competitors. Corporations evaluating company-differentiating […]
The role of a caregiver can be difficult to balance with a full-time job – and new care responsibilities are growing quickly, affecting millennials as their parents age, ultimately impacting their work performance. According to a recent survey by AARP and the National Alliance for Caregiving (NAC), nearly one in five workers in the U.S. […]
401(k) plans have been a staple of employee benefits offerings for decades and are a way for employees to save money for retirement by deferring taxation on contributions. One of the most attractive aspects of a 401(k) is the employer match, which averages around 4.7% of employees’ salaries in the United States and adds substantially to employees’ retirement […]
For the millions of people who suffer from seasonal depression, also known as seasonal affective disorder (SAD), the winter months can be especially difficult. But did you know SAD can also influence workers in the workplace? Employers therefore need to be aware of this problem and do their part to help employees who may be […]
We’ve all heard about the “Great Resignation” triggered by the post-COVID environment. Workers are deciding to voluntarily exit the workplace in search of other options. Separately, we have seen the news about a possible economic recession in the near future that could prompt employers to consider “reductions in force” (RIFs). Given the economic turbulence and […]
The COVID-19 pandemic changed the employer and employee relationship forever. Prior to 2020, remote work opportunities were the exception, not the rule. In the post-COVID era, many employers have transitioned their workforce to allow remote work “from anywhere” in order to retain and attract talent.
It’s International Women’s Day, so here at HR Daily Advisor we’re highlighting an important topic that isn’t discussed enough: fertility and family building benefits. While these types of benefits have gained much-needed attention over the past few years, organizations can do more to help their employees throughout every stage of their family building journey. In […]