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.
Some states are loosening restrictions and allowing at least some businesses to reopen. But as anxious as people are to resume their pre-COVID-19 lives, some employees are hesitant to go back.
In times of economic uncertainty and crisis such as this, employers often take the extreme cost-savings measure of reducing their workforce through layoffs or furlough.
Last month, Governor Phil Murphy signed S2374 into law, which further amends and clarifies the March 25 expansions to the New Jersey Family Leave Act (NJFLA) and the New Jersey Temporary Disability Benefits Law (TDL). It also creates new reasons an employee may use protected NJFLA leave during an epidemic.
In a recent article about Consolidated Omnibus Budget Reconciliation Act (COBRA) benefits during the pandemic, we received a number of questions. We had a chance to ask an expert for more details about how former employees interact with COBRA during this challenging time.
Direct primary care (DPC), as the name implies, is a type of program that provides and covers care from a primary care physician (PCP). Typically, this means only PCP visits are covered but not other services or providers.
A recent CreditCards.com survey revealed that 59% of American credit card holders—110 million Americans—were in credit card debt before COVID-19. And it wasn’t frivolous spending. Twenty-six percent said that day-to-day expenses like groceries, child care, or utility payments were the biggest factors in their debt balances.
You may be asking yourself: ‘How can I, as a business owner or HR professional during this crisis, reduce my insurance expenses right now?’ Managing cash flow is at the top of people’s minds right now, and yes, there is an opportunity to lower your insurance expenses immediately.
Q. Because of the coronavirus, we have reduced everyone’s hours to 30 per week. An employee wants to take his paid time off (PTO) but be paid for his normal 40-hour workweek. Can the company pay for only 30 hours since that is what the entire staff has been moved to?
Pay transparency has been the gold standard for fighting all kinds of pay inequity. Recent research by PayScale claims that pay transparency does, in fact, solve the gender wage gap. I spoke with an expert about the findings, as well as some of her own research, and she believes pay transparency must be part of […]
Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) on March 27, 2020, to assist employers coping with the COVID-19 pandemic. It is chock-full of provisions that impact employers, including the rollout of robust unemployment compensation benefits, payroll tax credits and deferral, and various forms of economic assistance to incentivize employers to […]