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.
The United States spends more on health care than any other country, with costs growing at a faster rate than inflation. Rising costs are not only hitting consumers hard but also affecting employers, requiring them to pay higher and higher premiums every year. As a result, HR leaders have to make a difficult decision: Either they eat these costs […]
One of the silver linings of the COVID-19 pandemic has been the way it has served as a catalyst for businesses to experiment with and embrace forms of workplace flexibility that millions of workers have been craving for decades. While many are celebrating what they see as the most significant change in workplace norms in […]
The employee retention credit (ERC) is a fully refundable tax credit against payroll taxes originally enacted as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Its purpose was to encourage employers to continue paying employees despite financial hardship caused by the COVID-19 pandemic. Even if your quarterly Forms 941 (the federal tax […]
As millions of Americans continue to retire or otherwise opt out of participating in the workforce, companies are scrambling to secure a share of the best and brightest of those who remain. Clearly, continuing to offer the same compensation and perks in the midst of a fundamental realignment of the labor force won’t cut it. […]
In a previous post, we discussed the importance of aligning employee incentives in order to optimize cooperation and collective action within an organization. Even the strongest leaders will struggle to achieve that cohesiveness if team members’ purpose doesn’t match. In this post, we discuss some strategies for tempering competing motivations and improving alignment. Holistic Incentives […]
Whether it’s a sports team, a group of laborers, or a work team in a corporate office, the goal of any team leader is to create a cohesive unit that functions as one. Strong leadership can help make this goal a reality. But even the strongest leader will struggle to create cohesiveness if incentives aren’t […]
When an employee is injured on the job, the federal Family and Medical Leave Act (FMLA) or the state-specific leave statutes may confer benefits in addition to what a state’s worker’s compensation provides. Employers subject to the FMLA should consider how the law interacts with their state’s worker’s comp law when FMLA-eligible employees need time […]
The holidays and the dawn of a New Year are traditionally a time for celebration with friends and family, but as the COVID-19 pandemic continues to weigh heavy on society at large, and derail or significantly influence large gatherings, there is more stress than joy in the air. Given the toll this uncertain environment has […]
Whether on the front line or in upper management, employees who span a wide range of industries are looking for benefits beyond traditional fringe benefits such as medical, dental, and vision. Those other benefits, known as soft benefits, include perks like remote work options and flex scheduling and are expected to increase in demand even […]
In our latest installment of Ask the Expert, brought to you by the team of industry experts at HR Hero®, we look at a recent question from a subscriber regarding FMLA regulations and the coverage provided to employees who are caring for family members. See what the experts had to say. Q: An employee’s parent is […]