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.
Employees continue to have the upper hand in the war for talent, as unemployment continues to hover at record-low rates. Moreover, benefits are being battle-tested—and deservedly so. They’re a meaningful conduit to enhanced employee engagement and even loyalty.
As an HR professional, you are likely keenly aware of the child care crisis. Parents spend exorbitant amounts of money on child care, if they can even find child care in their area. Costs and constraints lead to large percentages of new mothers not returning to work, not because they don’t want to but because […]
Have you heard of the acronym FARM as it relates to compensation? I first heard this term from a BLR® webinar run by Paul Dorf, the Managing Director of Compensation Resources, Inc. (CRI). In that webinar, Dorf noted that a compensation strategy has to incorporate all of the objectives of compensation: to direct what you’d […]
Did you know that 42% of employed Americans (more than 54 million people) have provided eldercare in the last 5 years? Or that 69% of working caregivers had to rearrange their work schedule, decrease hours, or take a leave because of these responsibilities? Or that the estimated cost of caregiving in terms of lost productivity […]
Many people were surprised to enter the new year with a higher price tag attached to their prescription medication. And It’s no wonder why: Between January and July 2019, prescription prices increased by more than 10% across more than 3,000 different drugs.1
If your company has ever relocated employees or new hires, you know it is one of the trickiest tasks an HR department can undertake. Relocating workers comes with a raft of concerns: onboarding employees into their new office; integrating them into the office culture; and, in some cases, taking on their moving expenses. However, during […]
In health care, acronyms abound—ACA, FSA, FMLA, CDHP, HSA, etc. It can be a bit overwhelming.
Perhaps you remember a time when the holiday bonus was a guarantee and when organizations shared their financial success with their workers with surprise bonuses. While that does still occur in some organizations, it is far from ubiquitous.
We’ve talked in the past about the idea that not all benefits are utilized equally by employees and how this may inadvertently create a situation in which benefits seem to help some employees much more than others. This is often the case for benefits that target those who are married or those with children. The […]
In the world of recruiting and retaining top talent, compensation will drive all your efforts this year. According to Monster.com’s 2020 State of the Candidate Survey report, compensation is a recurring theme among all jobseekers in every aspect of the hiring process and an employee’s tenure; because of this, employers that take an active approach […]