Practical HR Tips, News & Advice. Updated Daily.
The original “excessive fees” case—first filed in 2006—finally concluded on March 28 with a $55 million settlement for the plaintiffs, one of the largest ever awarded in 401(k) fee litigation.
Currently, as per federal law, employers are required to pay employees at least $7.25 per hour, although many state laws(and some cities and counties) have different minimum wage requirements. However, many federal lawmakers and citizens want to increase the federal minimum wage to $15 per hour because they claim that workers making less than that are still living in poverty […]
Do your employees and bottom line a favor—think before you dole out those trendy benefits.
Yesterday’s post detailed information about why you should offer postsecondary education benefits to your employees, and today’s post will outline more information on how to do this.
Contributing to employees’ postsecondary education costs can significantly help an organization succeed and remain competitive, which is why 71% of U.S. organizations currently offer some sort of postsecondary education reimbursement benefit, among other postsecondary education benefits like accredited certificate programs and training.
In a challenging labor market that saw the U.S. unemployment rate hover around 3.9% throughout 2018, employers are increasingly looking for ways they can beat the trend and meet their hiring goals. With qualified candidates at a premium, employers must examine how they’re presenting themselves to the interviewee, in order to effectively assess candidates while creating a […]
With mergers and acquisitions (M&A) activity hitting record highs despite recent stock market volatility, companies that may be targets or acquirers must take a second look at their nonqualified retirement benefit plans.
Winning the war for talent requires a variety of methods to attract jobseekers to your company. One way to attract top talent is through your company’s benefit package. But does your benefits package stand up against the competition?
With Congress considering a couple of bills aimed at preventing wage discrimination—and several states with pay equity laws already on the books—employers may want to take a close look at their compensation practices, according to attorneys who help employers with pay matters.
Employers face two important challenges with their benefit programs: meeting employee demands for personalized coverage and continuing to manage costs. This year, employers are exploring some innovative approaches to achieving both goals. Many of these changes also serve to drive consumerism and healthier behaviors—leading to both short- and long-term wins for employers and employees.