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U.S. employers’ cost to provide employee benefits, measured as a percentage of pay, increased 24% between 2001 and 2015, fueled largely by a doubling in healthcare benefit costs, according to a new analysis by Willis Towers Watson, a leading global advisory, broking, and solutions company. The analysis reveals a major shift in how employers allocate […]
If your business employs workers who receive tips as part of their compensation, such as waitstaff, bartenders, or delivery drivers (e.g., pizza delivery drivers), a separate set of rules governs how you compensate them.
More companies are returning to a pre-pandemic head count, and recruiters need to look at other avenues to manage the hiring frenzy. This has created more job opportunities for top talent while removing preexisting geographic barriers. Remote work has allowed a recruiter in St. Louis to expand his or her candidate search from coast to […]
In our series of features on chief diversity officers (CDOs) and those with similar titles, a common theme has been the fact that so many companies are demonstrating their commitment to diversity, equity, and inclusion (DEI) by adding CDOs and similar roles in the first place. Having a C-level executive specifically tasked with promoting those […]
The idea of replacing the formal employee review with a 2.0 version has been a growing consensus in HR over the past few years. While most companies still have an employee review process, it’s true that traditional annual reviews have long been on life support.
When it comes to how you draft your commission agreement contracts in California, do you know how the new law, A.B. 1396, will affect your obligations? In a recent CER webinar, Joel M. Van Parys outlined some guidance for employers regarding A.B. 1396. What does it mean for you?
You have to lower incentive payments to poor performers to liberate funds to give bigger rewards to your top performers, says DiMisa. Rewarding performance is the first of his incentive design challenges for 2013. DiMisa, who is senior vice president, Sales Force Effectiveness at Sibson Consulting, outlined eight design challenges during a recent webinar sponsored […]
If you’ve ever hired the wrong person for the job, you know that the poor fit stings—personally, professionally, and financially. Every rushed or subpar talent acquisition means a new and long road of pain. At best, you must overtrain the new hire while internal customers grow frustrated by missed goals, strained relationships, lackluster performance, and […]
Corporate benefits departments are shifting, growing, and responding to the needs of their employees by outsourcing more time-consuming benefits functions, according to a new survey conducted by the International Foundation of Employee Benefit Plans.
The world isn’t slowing down, so businesses must design hiring strategies to withstand seismic shifts. In the first quarter alone, there was no shortage of significant world news impacting hiring: So, what should companies do to navigate this in a consolidating market with high demand for skilled workers? Here’s what you need to know. Artificial […]