Practical HR Tips, News & Advice. Updated Daily.
This topic provides guidance on how to handle compensation issues in a way that attracts and retains the best talent and advances the strategic goals of your business. You get news and tips on what’s going on nationally and in the states, and updates on changes in regulations, possible governmental action, and emerging compensation trends.
Nearly half of U.S. firms say they are struggling to fill job openings in key positions and plan to increase wages more than 3% in the coming year, according to a new survey, the Duke University/CFO Global Business Outlook.
By Angelo D. Catalano, Coughlin & Gerhart, LLP Incentive or bonus-based compensation can create many thorny issues. While some year-end bonuses resemble gifts from the boss, especially if they’re paid around holiday time, other bonuses are intended to be incentives tied to performance by a group or an individual.
By Sharon McKnight, CCP, SPHR Recognition programs award employees for past behavior rather than drive future behavior and, as a general rule, have no predetermined goals or performance levels that employees are required to achieve. Also, they’re usually budgeted at the organizational level instead of being budgeted by individual departments and focus more on recognizing […]
Companies that have been spending a lot of money on expensive perks to attract and retain Millennials could be getting it all wrong, according to a new survey conducted by ORC International and online grocery delivery service Peapod.com. The answer could be as simple as more free snacks at work.
The retirement plan you sponsor comes along with some serious responsibilities. Among those is the duty to understand and evaluate fees paid on behalf of the plan. You may use benchmarking data to determine whether those fees are reasonable.
Employment is now a part of the retirement experience in the United States, and many newly retired Baby Boomers who are in a position to continue working are doing so for reasons beyond money, says a recent study.
State Street Global Advisors (SSGA) and Benz Communications have released an easy-to-implement framework that companies of all sizes can use to develop successful workplace financial wellness programs.
Bipartisan legislation known as the Protecting Affordable Coverage for Employees Act (PACE Act) has just passed in Congress—good news for employers with 51 to 100 employees.
As you probably know by now, it’s not enough under the Affordable Care Act (ACA) for employer-sponsored health plans to merely provide health coverage to employees—that coverage also has to be affordable and provide minimum value.
Plans may not impose cost-sharing on out-of-network services unless in-network providers are available and the plan member goes out of network in spite of that, federal agencies noted in FAQs on the ACA Part XXIX. But if network provider directories fail to list providers as offering the service in question, then plan members do not […]