Practical HR Tips, News & Advice. Updated Daily.
The role of a caregiver can be difficult to balance with a full-time job – and new care responsibilities are growing quickly, affecting millennials as their parents age, ultimately impacting their work performance. According to a recent survey by AARP and the National Alliance for Caregiving (NAC), nearly one in five workers in the U.S. […]
401(k) plans have been a staple of employee benefits offerings for decades and are a way for employees to save money for retirement by deferring taxation on contributions. One of the most attractive aspects of a 401(k) is the employer match, which averages around 4.7% of employees’ salaries in the United States and adds substantially to employees’ retirement […]
We’ve all heard about the “Great Resignation” triggered by the post-COVID environment. Workers are deciding to voluntarily exit the workplace in search of other options. Separately, we have seen the news about a possible economic recession in the near future that could prompt employers to consider “reductions in force” (RIFs). Given the economic turbulence and […]
It’s International Women’s Day, so here at HR Daily Advisor we’re highlighting an important topic that isn’t discussed enough: fertility and family building benefits. While these types of benefits have gained much-needed attention over the past few years, organizations can do more to help their employees throughout every stage of their family building journey. In […]
At the very end of 2022, Congress passed the Securing a Strong Retirement Act of 2022 (Secure 2.0) as part of the omnibus spending bill. The provisions have a broad effect on a range of retirement and other benefit issues with the basic overall goal of increasing access and encouraging employee participation in retirement savings. […]
Employee stock purchase plans (ESPPs) are company-sponsored programs that allow employees to purchase company stock at discounted rates. Typically, employees agree to have a certain percentage of their paychecks withheld each pay period and placed into a fund that is used to purchase company stock at a price discounted from the current market price on […]
While in undergraduate school, Niki Hruskocy thought she wanted a career in hotel management. However, after a few internships at hotels she realized one crucial thing: they never close. After four years of college and several internships, Hruskocy wasn’t sure what she’d do next. It wasn’t until she took a recruitment job with a small […]
Different employees prioritize different aspects of their financial well-being based upon their personal situations and financial needs. According to recent research, 38% of workers share the top financial goal of saving for retirement while 27% share a top goal of building an emergency savings fund. Additionally, unlike older generations, Gen Z and millennial employees are […]
“Permacrisis,” Collins Dictionary’s 2022 word of the year, is defined as “an extended period of instability and insecurity” and captures what many business leaders are feeling given the still-high inflation rate, rising interest rates to combat inflation, and forecasts of a recession in 2023. And it definitely describes the current state of recruitment. So how […]
So much of our lives today are consumed by our jobs. Even when we leave the office, we can still carry the stress of our workday home with us. And over time, this anxiety and stress can start severely impacting our mental and physical well-being, both in our personal lives and at the office. This […]