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.
Student loan debt casts a wide net and draws in a lot of people: students burdened with financial stress; workers who must reskill and upskill; and employers that must fill skills gaps and are seeking to increase diversity in their companies. People in each of these groups face financial constraints caused by student loan debt.
Sixteen states and at least 10 large cities have increased their minimum wages substantially in 2020, with a majority of them going into effect on January 1. The minimum wage increases are happening in many markets already at or near historic lows in unemployment, which could have a significant impact on employers looking to recruit […]
Economic empowerment is the principle of financial independence for women. Coupon Chief tackled this issue with an infographic that covers the current state of women’s finances and how women can leverage employer benefits to improve their financial status. Check it out below!
The high-tech industry is famous for its efforts to attract top talent. In addition to impressive salaries, companies like Google are known for over-the-top employee perks and inviting campuses—and for good reason. High tech has high competition.
On January 12, 2020, the federal Department of Labor (DOL) announced the release of a final rule clarifying issues surrounding joint employment, which is of particular interest to employers that use staffing agencies, have franchise relationships, and use subcontractors. The effective date of the new rule is March 16, 2020.
When 401(k) plans first hit the scene in the early to mid-80s, financial advisors focused primarily on investment lineups, and that was OK with plan sponsors. However, as assets grew and the shift from defined benefit to defined contribution plans accelerated, employers began to realize they needed more help in this fast-changing retirement landscape. They […]
Low employee engagement is a persistent and damaging problem. Experts have identified many causes of disengagement. Some of those causes include a lack of financial wellness, difficulty navigating mental and physical health issues, no clear professional development path, stress in the workplace, and stress at home, to name just a few. What do all of […]
Some benefits will, by default, benefit some employees but not others. Sometimes, this is a result of the employees who choose to utilize them. Sometimes, it’s because not all employees are eligible for certain benefits. But sometimes, it stems from a difference in employee familial status: Married employees with children often get a better deal […]
Most of us think of “living paycheck to paycheck” as a condition afflicting the poor and low paid, but we’re wrong. Living paycheck to paycheck is a problem up and down the income ladder, and it’s one that businesses, not just workers, can and must address. Doing so isn’t just the right thing to do—it’s […]
The biweekly pay schedule has been the norm for quite some time. As new generations enter the workforce and new technologies emerge, this norm has made some employees desire something more current.