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.
Covered federal contractors have been tasked by the federal government with preventing disparities in pay for their employees based on race, gender, and ethnicity. To prevent such disparities, the Office of Federal Contract Compliance Programs (OFCCP) under the U.S. Department of Labor (DOL) requires federal contractors to annually conduct an in-depth compensation analysis.
Many of us have worked in a workplace that didn’t talk openly about pay. Employees didn’t want to disclose their salaries for fear their peers would think they were over- or underpaid, and employers were more than happy to keep quiet. (Some even issued gag orders.) All that is changing—fast. New laws from bellwether states […]
Many companies have weathered the impacts of inflation on the cost of their production inputs by simply passing such costs on to consumers; however, as central banks, led by the U.S. Federal Reserve, continue to raise interest rates, consumer spending is likely to decrease, hampering employers’ ability to pass along costs. One of the biggest […]
Employees, shareholders, and many other stakeholders are beginning to see pay equity as a fundamental expectation among public and private companies―and for good reason. A more equitable pay practice drives better attraction and retention of talent, a more diverse culture, and better financial performance over the long term. Some of the largest institutional shareholders now […]
It is that time of year again—time to plan for and implement annual open enrollment processes. At least it is that time for the typical group health plans that operate on a calendar-year basis. For most plans, this means it is time to reprint plan-related material such as enrollment forms (electronic or otherwise), summary plan […]
For employees, open season brings an opportunity to select a new healthcare plan that meets their needs. Unless they have the right information to evaluate their choices, however, they could end up with a plan that offers more headaches than health care. Many people make their decision based on the cost of premiums alone, but […]
Though the Great Resignation is in full swing, hiring rates are greater than quit rates since November 2020 as workers seek greater well-being in their careers. As such, the U.S. Chamber of Commerce suggested the workforce is experiencing a “Great Reshuffle” instead. Unfulfillment at work is linked to the overall work environment, but changing the […]
More and more, employers are offering family-building benefits with much more than just parental leave as part of their core compensation packages. In fact, these benefits are integral to attracting and retaining diverse talent, including heterosexual and same-sex couples, as well as single-intended parents, and to attracting top candidates across all industries. Increasingly, a benefits […]
Guest: Claire Barnes, Chief Human Capital Officer at Monster As organizations continue to manage rising operating costs brought on by the inflation trends of 2022, many HR teams are now facing challenging decisions when it comes to prioritizing employer-sponsored benefits. How can leadership teams best determine the benefits to protect and what can be let […]
Most HR professionals are aware that under the Uniformed Services Employment and Reemployment Rights Act (USERRA) and similar state laws, they have to provide military leave for employees with military service obligations, such as those who serve in the National Guard and military reserves, and reemploy them when the duty is over. What often isn’t […]