Practical HR Tips, News & Advice. Updated Daily.
To get candidates interested in your company, you need to know what they’re looking for. Offering a competitive salary and health insurance isn’t enough. In order to win the war for talent, your company should be offering a robust benefits package that stands out from your competition.
In a previous post, we discussed that 31% of U.S. employees—in a recent Beqom survey—feel they are not being paid fairly based on age or race, while 48% believe women are underpaid relative to men.
In a tight labor market, employers are constantly looking for new ways to attract and retain top talent. Many companies offer generous benefits packages, flexible work hours, and other incentives. But data consistently show that financial compensation in the form of salaries and bonuses still represents the biggest draw for many employees.
I recently sat down with Francis Coleman, Managing Director, Health and Benefits, Global Services and Solutions, Willis Towers Watson to discuss their recent Global Medical Trends Survey results.
We hear a lot about the need to attract working mothers to the workforce and what types of benefits companies should be offering this demographic in order to stand out among the competition. Yet, we hear little about how to attract working fathers.
With the current focus in the retirement plans community on missing and unresponsive 401(k) plan participants, practitioners have sought additional guidance from the U.S. Department of Labor (DOL) to clarify the meaning of a “reasonable search” for participants by an ongoing plan (see August column). As the community waits, plan fiduciaries are reviewing their current […]
The Internal Revenue Service (IRS) has proposed regulations that would change the rules for hardship distributions from 401(k) and 403(b) retirement plans by replacing the facts-and-circumstances test for determining hardship eligibility with a three-part general standard.
With unemployment at its lowest in nearly half a century, employee retention is a major challenge for most employers. Factors like emerging markets, flexible work arrangements, remote employment, and contingent employment have made the professional landscape as competitive as ever.
I recently sat down with Chris Whitlow, the CEO of Edukate to talk about the 401(k). As many of you know, employers are knee-deep in annual reenrollments. This includes getting people to think about their investments, says Whitlow.
In a previous post, we discussed Amazon’s recent announcement to raise the minimum wage of all U.S. employees to $15 per hour on November 1, 2018. The move was lauded by the likes of 2018 Democratic presidential hopeful and Vermont Senator Bernie Sanders.