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.
With the tight labor market impacting the country for the past couple of years, it’s not uncommon to see signs advertising job openings along with the starting pay and even sign-on bonuses. Despite the increased prevalence of such job ads, the reality is that there has traditionally been very little pay transparency, at least in […]
According to new data from Conduent, 43% of eligible employees don’t participate in a health savings account (HSA). Fifty-seven percent of those who make an HSA contribution don’t capture the full benefit, with an average contribution of less than $500, well below the annual limit of $3,650 for individuals and $7,300 for families. The underutilization of HSAs […]
If you’re an HR leader looking to implement an employee reward system, this week’s HRDA Shorts is for you. Listen in as Alexandra Powell, Director of Client Cultural Insights at Gateway Reward, discusses how organizations can talk about and implement systemic rewards without adding complexity. If you’re a sports fan, you’re in for a treat. […]
The combined forces of a tight labor market and high inflation have really pinched a great deal of American businesses trying to recruit and retain top-tier talent. Of course, companies can’t simply keep throwing money at the problem and trying to outbid the competition. It’s simply unaffordable. Instead, evidence suggests that employers need to reshape […]
HR teams have no shortage of information about employees’ priorities as we enter 2023. Over the past few years, employees have been sharing what they want from their employers: more flexibility, a healthier work/life balance, and a wider range of professional development opportunities. At a time when employees are quitting their jobs at a much […]
Inflation, supply chain destabilization, and fears of a global recession have made many Americans worse off financially than they’ve ever been. More than two-thirds of Americans are worse off financially today than they were a year ago, according to a recent study conducted by Salary Finance, and almost one-third run out of money at least […]
As HR leaders, we’re typically preoccupied with “what’s next” this time of year. What trends should we be monitoring? What new ideas are percolating below the surface? And what big ideas could transform our industry in the year ahead? And while I don’t have all the answers (no one does, really!), I do find myself […]
It’s no longer news that companies worldwide continue to grapple with unprecedented labor shortages. Under such challenging economic conditions, it might seem wise to reduce or eliminate employee benefits as a cost-saving measure. However, that’s merely a short-term “fix” that will lead to a long-term talent shortage as top candidates seek employment elsewhere. Unfortunately, the […]
As the calendar opens to 2023, employees and employers alike have their minds set on budgeting and goals for a new year. The past few years have shown us that recruitment and retention in an increasingly remote world require vastly different strategies than in times past. The state of the economy and new regulations around […]
In this post-COVID-19 era of the Great Resignation and “quiet quitting,” one of the newest ideas for attracting and retaining employees is one that was usually limited to professors in higher education: the sabbatical.