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.
Every workplace is at risk of encountering instances of domestic violence. However, being proactive in addressing this difficult issue can have a big impact on both the individuals affected and the organization as a whole. October is Domestic Violence Awareness Month, an opportunity for HR professionals and their organizations to consider how to take action […]
Salary alone is no longer enough to attract and retain talent. Employees are now seeking holistic benefits packages that include programs and resources that also support their mental well-being. A holistic benefits package goes beyond health insurance and should be comprehensive enough that all employees can see themselves and their families benefiting from it throughout […]
Salary transparency is very important to jobseekers because it offers reassurance that they are being offered the same pay as other candidates and employees who have a similar set of skills and experiences. Additionally, salary transparency helps reduce bias in the workplace, and jobseekers today want businesses to provide an even playing field for both […]
More companies are adding at least one pay equity audit to their annual planning. Society for Human Resource Management (SHRM) research from 2021 shows that 58% of organizations have reviewed their pay structures and decisions, with enterprise-level businesses taking the lead. More than 8 out of 10 said they adjust salaries to account for inequities. These statistics […]
In an unpublished opinion, a unanimous panel from the U.S. 4th Circuit Court of Appeals (whose rulings apply to employers in South Carolina, Maryland, North Carolina, Virginia, and West Virginia) provided some great insight into possible defenses against an Equal Pay Act (EPA) claim. Because this is just an unpublished opinion, it’s not binding precedent.
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 […]