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.
Thirty states have now legalized marijuana use for medicinal purposes, while recreational marijuana is legal in nine states and Washington, D.C. And as many states across the country become more lenient with their marijuana laws and regulations, organizations should seek out everything there is to know about marijuana and workplace safety and wellness. Continue reading […]
While money may not buy you happiness, it may be able to “buy” you employees. If your compensation practices are falling short, you may be losing top talent to the competition, and a new study shows that there is a “radical shift” in how companies are planning their annual compensation packages.
In a recent Private Letter Ruling (PLR), the Internal Revenue Service (IRS) authorized making 401(k) plan contributions to participants who repay their student loans instead of contributing to the plan. (See related August story.)
It’s no surprise that research has found employees tend to delay or disengage from decisions they view as difficult and complex. In the 1980s, the struggle among employees was 401(k) adoption, even though it was the most practical retirement financial tool in the market. These days, the challenge is centered on consumer directed health plans […]
Employees leave companies for a variety of reasons: dissatisfaction with the work; personality clashes with managers or coworkers; long commutes; poor work/life balance; etc. But according to a new Office Team survey, compensation is still one of the primary reasons employees switch jobs. And, in a tight labor market that favors employees, their ability to do […]
We may still be a ways from Halloween, but some spookier lore lingers all year round—like that of the mysterious “ghost employee.” And what exactly is a ghost employee?
Attracting and keeping talented employees is incredibly important and often very difficult. In a post-industrial society, businesses run more and more on people and less and less on nonhuman capital like factories, vehicles, and machinery. At the same time, with historically low unemployment rates, employees have added flexibility to be picky when it comes to […]
The Internal Revenue Service (IRS) has extended for an additional year the temporary nondiscrimination relief it offers closed defined benefit (DB) retirement plans.
In a highly competitive hiring landscape, employers are looking for ways to differentiate themselves to prospective employees. One option is to provide a more attractive or unique benefits package by including new and interesting benefit options.
A recent study by Paychex sought to explore trends in wage growth and hours worked among small businesses. That report shows that small business wage growth has decreased, despite an increase in weekly hours worked.