Practical HR Tips, News & Advice. Updated Daily.
It’s open enrollment season: time for HR professionals to help employees evaluate and make important decisions about their health and financial benefits. Among those choices are flexible spending accounts (FSAs) and health savings accounts (HSAs), popular options that can play a central role in protecting the health and financial futures of employees. To make it […]
Many companies are increasingly relying on informal training and mentorship as valuable parts of their learning and development programs. Mentors not only impart valuable skills to their mentees, but create positive company culture and increase employee engagement.
In this new article series, we will provide a refresher on the basics of the Fair Labor Standard Act’s (FLSA’s) requirements. In this article, we will review employers’ recordkeeping obligations under the law and how employer practices were impacted by the Lilly Ledbetter Fair Pay Act of 2009.
The financial case for workplace diversity continues to be made across the business landscape with many companies committing significant amounts of capital to building an inclusive culture, but few executives today actually know what it should look like. Ethnically diverse companies are 35% more likely to outperform the national median and average 24% higher year-over-year […]
The changes, which take effect July 1, 2012, are big. As a plan sponsor, you will receive new information about fees paid by the plan. You will also need to give participants some new information. For guidance, we turned to a recent BLR publication, the 401(k) Fee Disclosure Compliance Download Report. Your Role As Fiduciary […]
Company culture (also referred to as “corporate culture”) is important for any business, but it can be a bit of a vague concept. As defined by Investopedia, “Corporate culture refers to the beliefs and behaviors that determine how a company’s employees and management interact and handle outside business transactions. Often, corporate culture is implied, not expressly defined, and […]
As employees return to the workplace from remote locations and give up the ability to take a break and walk the dog whenever they want, many are demanding more flexible work schedules. Here are some tips that may help.
Most companies are looking at around 3 percent for their merit budgets, says consultant Terry Pasteris, but they’re wishing they had 5 percent. In today’s Advisor, how she makes that (appear) to happen, plus an introduction to the all-comp-in-one-place website, Compensation.BLR.com. Salary Increase Budget Surveys Most employers are working with 3 percent for merit, as […]
Scorecards are powerful aids for improving pay for performance, reducing entitlement, and, often, increasing employee acceptance of your pay program, says Consultant David Insler. Compensation Scorecards A compensation scorecard is any dissemination of aggregate compensation information beyond the HR organization. There are several types of scorecards, says Insler, who is the senior vice president at […]
It’s no surprise that employee turnover involves a huge cost to any organization. But what is frightening is that the number may even be underestimated. Organizations routinely fail to include the “soft” costs of employees. Things like the value of relationships and the level of productivity compared to other employees could push the cost of […]