Practical HR Tips, News & Advice. Updated Daily.
The cannabis industry is becoming one of the fastest growing industries in the United States, which should come as no surprise given that 10 states—and Washington D.C.—have legalized recreational marijuana and 33 states have legalized medical marijuana.
The use of 401(k) plan loans in 2018 fell to a 9-year low of 22.5% of participants and continued a steady 6-year decline of nearly 10 percentage points, investment management firm T. Rowe Price said on May 1, drawing on data gathered from nearly 2 million participants for its annual benchmarking report.
The Internal Revenue Service (IRS) starting September 1 will accept determination letter applications for a few more categories of individually designed plans, it announced in Revenue Procedure (Rev. Proc.) 2019-20, released May 1.
If you’re looking to hire and retain talent this summer, it’s imperative that you offer the benefits these workers want. So, what do these workers want?
Human resource professionals need to consider company characteristics when offering benefits consultancy to clients.
At the end of a hiring process, the final step is sending an offer letter to the potential candidate with the hope of them accepting it. Unfortunately, some hiring managers end up receiving a different answer, a counter offer.
In 2008, the Internal Revenue Service (IRS) established a voluntary program aimed at retirement plan sponsors and administrators to encourage correction and resolution of plan document or operational failures as soon as they are discovered. The Employee Plans Compliance Resolution System, or “EPCRS” as it is most often called, stresses the importance of established administrative […]
Most of us have heard of the “parking lot” in business—the place where ideas not pertinent to a discussion get moved. With the perceived complexity of the health and wealth landscape, as well as the challenges facing employees for the long haul, it’s no surprise that many consumers are moving their health and wealth to […]
In a recent Recruiting Daily Advisor survey, respondents were asked which types of benefits they use to attract talent. It should come as no surprise that a majority offer health insurance (92%), dental insurance (86%), paid time off (85%), life insurance (83%), and retirement benefits (81%) as a way to get candidates in the door. […]
Does your organization provide short- and long-term disability insurance for employees? If not, is this something the organization has considered adding to your benefit package?