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California has taken a bold step toward pay equality and fairness with the recent implementation of Senate Bill (SB) 1162. This dynamic piece of legislation, which has been dubbed a victory for employees, is set to shake up the employment landscape and address the long-standing issue of wage disparity and unequal pay. However, this new […]
New federal protections will soon take effect for employees who are expecting mothers and nursing mothers. Employees may seek relief for lost wages, reinstatement, and other legal remedies under the Providing Urgent Maternal Protections for Nursing Mothers Act (the PUMP Act) and the Pregnant Workers Fairness Act (PWFA), which become effective April 28, 2023, and […]
It can be hard for managers when employees take vacations, as those vacancies, even brief ones, impact productivity and require others to pick up the slack. Time off, though, is critical for employees and can have a positive impact on their mental health, stress levels, and creativity. The Mental Health Benefits of Time Off […]
The Great Resignation of 2022 created a pervasive issue across all enterprise organizations: attracting and retaining top talent. In fact, 63% of recruiters say the talent shortage is their biggest problem, and, as a result, leaders are scrambling to implement policies, perks, and other benefits to set their business apart from competitors. Corporations evaluating company-differentiating […]
The role of a caregiver can be difficult to balance with a full-time job – and new care responsibilities are growing quickly, affecting millennials as their parents age, ultimately impacting their work performance. According to a recent survey by AARP and the National Alliance for Caregiving (NAC), nearly one in five workers in the U.S. […]
401(k) plans have been a staple of employee benefits offerings for decades and are a way for employees to save money for retirement by deferring taxation on contributions. One of the most attractive aspects of a 401(k) is the employer match, which averages around 4.7% of employees’ salaries in the United States and adds substantially to employees’ retirement […]
We’ve all heard about the “Great Resignation” triggered by the post-COVID environment. Workers are deciding to voluntarily exit the workplace in search of other options. Separately, we have seen the news about a possible economic recession in the near future that could prompt employers to consider “reductions in force” (RIFs). Given the economic turbulence and […]
It’s International Women’s Day, so here at HR Daily Advisor we’re highlighting an important topic that isn’t discussed enough: fertility and family building benefits. While these types of benefits have gained much-needed attention over the past few years, organizations can do more to help their employees throughout every stage of their family building journey. In […]
At the very end of 2022, Congress passed the Securing a Strong Retirement Act of 2022 (Secure 2.0) as part of the omnibus spending bill. The provisions have a broad effect on a range of retirement and other benefit issues with the basic overall goal of increasing access and encouraging employee participation in retirement savings. […]
Employee stock purchase plans (ESPPs) are company-sponsored programs that allow employees to purchase company stock at discounted rates. Typically, employees agree to have a certain percentage of their paychecks withheld each pay period and placed into a fund that is used to purchase company stock at a price discounted from the current market price on […]