Our 2018 Pay Budget Survey Results Are In
Each year we conduct a nationwide survey to learn about pay practices throughout the country. We are pleased to release the results of our 2018 survey.
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 Best Health Benefits Will Keep the Best Employees in Your Ranks
With a tightening labor force and the unemployment rate at a mere 3.7%, employers are chasing the talent—not the other way around. Not only that, but it’s getting more difficult to keep the most capable workers around. Since 2015, there have been more job openings than new hires, which means unhappy employees have more opportunities […]
PBGC Single-Employer Program Shows Improvement; Multi-Employer Program Faces Insolvency
The balance sheet for the Pension Benefit Guaranty Corporation’s (PBGC) single-employer plan moved into the black in the latest fiscal year (FY) to continue a trend of better results, but the multiemployer plan remains in deficit and at risk of insolvency in as few as 7 years, according to the agency’s FY 2018 Annual Report.
Ten Investment Actions for DB Plans in the New Year Recommended by Willis Towers Watson
Look to the past to predict the future when it comes to pension investing, defined benefit (DB) retirement plan sponsors are urged by global advisory and broking firm Willis Towers Watson (WTW) in a new paper on investment actions recommended for 2019.
Implementing Behavioral Intervention Inside the Workplace
Yesterday, we discussed behavioral intervention in the workplace and some of its benefits. Today’s post will highlight more information about how you can begin to develop and execute a behavioral intervention plan and strategy for your organization.
Behavioral Intervention in the Workplace and its Benefits
Stress in the workplace is now a widespread epidemic. According to extensive research conducted by The American Institute of Stress, 40% of workers reported their job was “very” or “extremely” stressful, and 80% of workers feel stress on the job. And it costs U.S. businesses $190 billion in annual healthcare costs alone—$300 billion in total. […]
Massachusetts to See Minimum Wage, ‘Blue Law’ Changes in January
Changes in Massachusetts’ minimum wage and the “blue law” affecting premium pay for certain employees working on Sundays will go into effect on January 1, 2019.
Are You Offering These Benefits to Attract Top Talent?
To get candidates interested in your company, you need to know what they’re looking for. Offering a competitive salary and health insurance isn’t enough. In order to win the war for talent, your company should be offering a robust benefits package that stands out from your competition.
How to Mitigate Perceptions of Compensation Bias
In a previous post, we discussed that 31% of U.S. employees—in a recent Beqom survey—feel they are not being paid fairly based on age or race, while 48% believe women are underpaid relative to men.
Salary and Bonus Pay Attract Talent, but Is There Bias?
In a tight labor market, employers are constantly looking for new ways to attract and retain top talent. Many companies offer generous benefits packages, flexible work hours, and other incentives. But data consistently show that financial compensation in the form of salaries and bonuses still represents the biggest draw for many employees.