Practical HR Tips, News & Advice. Updated Daily.
With unemployment low and turnover high, employers are looking for ways to improve employee retention. One thing employers can do is to focus on the employee experience. Here are some tips for improving the employee experience:
Recruiters, hiring managers, and HR professionals rejoice, Robert Half has released its 2019 Salary Guide! Why is this so important, you ask? With salary guides, you’ll be able to see what types of compensation your competition is offering candidates, and with that knowledge in hand, you’ll be better equipped to poach those workers to your […]
There are many factors that influence employee satisfaction and the same factors that influence satisfaction can be used to attract talent to your company, as well. Obviously, one of the first to come to mind is compensation. Whether it’s a salary or bonus, you’d be hard-pressed to find an employee who wouldn’t like a little […]
Over the last decade, workplace flexibility has become a hot topic and a priority for many employees. Now that workers have options like telecommuting, alternative scheduling, and freelancing, they’re looking for flexibility in their benefits, too.
Have you ever tried to run with a rock in your shoe? At first, you tell yourself you can keep going—it’s a small rock, after all, and you’re in the zone. Sooner or later, though, what was a small rock causing mild discomfort will cause real pain. You have no choice but to stop and […]
In part one of this article we explored the Department of Labor’s (DOL) guidance for locating missing participants in the event of a plan termination. Today we will look at what constitutes acceptable and unacceptable alternatives.
The U.S. Department of Labor (DOL)’s guidance for locating missing participants in the event of a plan termination has become more widely accepted for finding such participants in a variety of scenarios. But the guidance does not clearly state at what point the retirement plan fiduciary has met its obligation to track down missing participants […]
The Internal Revenue Service (IRS) released a private letter ruling (PLR) on August 17 that appeared to give the go-ahead to an employer-sponsored student loan repayment benefit offered through the company’s 401(k) plan.
If you’re a small business that’s looking to attract workers, you need to know how your company stacks up against the rest. If you’re not offering the same or better salary and benefits as your competition, you’re missing out.
A shift to using real market returns for interest crediting in defined benefit (DB) plans’ cash balance (CB) features is lessening volatility and making the supplementary retirement accounts more appealing to plan sponsors—especially because this type of formula is more responsive to changing market conditions, according to a recent study.