Practical HR Tips, News & Advice. Updated Daily.
The Government Accountability Office (GAO) released a study recommending three ways the Internal Revenue Service (IRS) and the U.S. Department of Labor (DOL) could clarify the handling of transfers of millions of dollars in unclaimed savings from employer retirement plans to states. While the study and recommendations had a narrow focus, they build on an […]
According to research, 85% of parents say they wish their employer offered childcare benefits; almost two-thirds of parents—and 83% of Millennials—say they’d leave one job for another if it offered better family-care benefits; and two-thirds of parents said childcare costs have influenced their overall career decisions.
Recruiting tech talent continues to remain a challenge in 2019, as many workers are holding out for bigger salaries and better job offers. “If employers are having trouble bringing on technology talent, they may need to take a second look at their salary offers,” suggests staffing firm, Robert Half Technology.
Even in a strong economy, employers often feel the need to be money-conscious. After all, the basic profit equation is pretty simple: The money I earn minus the money I spend equals my profit. For most businesses, particularly in the service sector, salaries make up a huge portion of company costs and overall revenue.
As most retirement plan sponsors and administrators know, the Employee Retirement Income Security Act (ERISA) doesn’t technically require a plan to have an investment policy statement (IPS), but the U.S. Department of Labor (DOL), which has enforcement authority for ERISA, has said that having one is consistent with the fiduciary obligations set by the law.
Yes, you read that headline correctly, the youngest generation in the workforce is already planning on leaving it once they hit the 34-year mark. And to think, we were just worrying about attracting them into the workplace!
It can be hard to find workers in any business environment, and that’s even more true with a strong economy and low unemployment But it’s not just big corporations looking for top-dollar professionals that are feeling the pinch; companies whose workers are part-time, temporary, and largely independent need to be careful of how they treat […]
We talk a lot about the importance of thinking beyond salaries and bonuses to attract top talent. Employees want to have top-notch benefits, as well as a comfortable, friendly work environment. Part of that includes flexibility, such as working from home, generous paid time off (PTO), and more.
In a widely expected move, the Maryland General Assembly has approved a significant increase in the state’s minimum wage by voting for legislation aimed at increasing the current rate of $10.10 per hour to $15 by 2025.
How do you decide if you should outsource your benefits administration? If you do decide to go that direction, how do you get started?