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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.
A recent report from Mercer aimed to understand the state of salary budget increases for 2019 as well as projections for 2020. A comparison with the same report from previous years showed similar findings: low to moderate wage growth. I recently spoke with Mary Ann Sardone, U.S. Talent Solutions Leader at Mercer, to explain the […]
What are your employees getting from your health benefits? If they are anything like the respondents in a recent study about employee health benefits, they are almost certainly not making the most of them.
Does your organization offer relocation assistance for employees? Many employers have opted to do so, especially in a tight labor market where some positions are difficult to fill in a specific geographic location.
Perhaps you’ve heard talk of the looming recession. A prediction of the future, however, is less than reliable, especially when talking about something with as many moving parts as the economy. But in the event that the doomsayers are right, HR might want to take a few steps to mitigate such dangers.
Connecticut’s minimum wage will increase on October 1 as the state begins a series of hikes that will eventually make the state’s minimum $15 an hour.
At the start of an individual’s career, child care most likely is not at the center of his or her employee benefits concerns. But, as people venture further into their careers, the chances increase that they’ll need to find a childcare provider to be able to progress in their jobs, which is not necessarily an […]
The workforce is changing as Baby Boomers continue to retire and Generation Z starts taking their place, and with a “changing of the guards” comes a change in the types of benefits you use to attract and retain top talent. If you haven’t been staying up to date on the latest trends, don’t worry—we’ve outlined […]
Traditionally, employers reduced healthcare spending by passing along more of the premiums and other costs to employees. This, of course, is still an option, but it’s obviously one that employees don’t favor and will not go far in making the benefits package attractive. It also doesn’t address the root issue of cost reduction but rather […]
Our society is moving toward giving people what they want, when they want it. Bill payments, movies, rides, financial services, and more can all be done with apps, and most are available nearly immediately. It may come as no surprise, then, that employers are following suit by offering on-demand pay so employees have more say […]
Employers may begin offering health reimbursement arrangements (HRAs) as soon as January 1, 2020, to employees who enroll in individual health coverage, under a rule finalized by the Trump administration.