Medical Professions Dominate List of Highest Paying Jobs
Skilled healthcare professions dominate CareerCast’s 2015 list of the highest paying jobs, with surgeon, psychiatrist, and physician rounding out the top three.
Category: Benefits and Compensation
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.
Obama Signs PACE Act Repealing ACA Small-Group Expansion
On Oct. 7, 2015, President Obama signed, without comment, the Protecting Affordable Coverage for Employees Act, which amends the Affordable Care Act’s definition of a “small-group,” a move intended to force mid-sized companies into providing richer coverage to workers. The PACE Act (H.R. 1624 and S. 1099) repeals the mandatory expansion of the small group […]
Benefits Remain a Key Tool for Retention and Recruitment
In spite of major changes in the healthcare landscape, small-business owners looking to recruit and retain top employees still need to pay close attention to their benefits offerings. According to the 2015 Aflac WorkForces Report for Small Businesses, a majority of workers employed in small businesses are willing to consider a job with slightly lower […]
E-commerce Approach to Benefits Enrollment Drives Engagement, Lightens HR’s Load
As healthcare costs continue to climb and employees’ share of premiums rise, it becomes increasingly important for them to understand their health plan options during open enrollment.
Family/lifestyle benefits make greatest impact on Millennial Retention
While salary is important when considering a new job offer or whether to stay with a current employer, according to a Care.com Workplace Solutions Better Benefits Survey, better family lifestyle benefits such as family-care assistance, flexible work schedules, and paid parental leave, directly impact an employee’s decision to make that final move.
Most Retirees Leave Ex-employer’s Plan within 5 Years
The overwhelming majority of defined contribution plan participants at retirement age roll their retirement savings over from their employer’s plan to an individual retirement account within five years of leaving the company, according to new research by Vanguard. But most refrain from taking distributions for years afterward. This common decision has implications for the “to […]
10 Principles to Make Your Sales Compensation Plan Effective
Creating an effective sales compensation plan is a key component of a company’s overall compensation administration. The goal is to craft a sales compensation plan that motivates team members to perform strongly. Here are 10 principles to make sure your sales compensation plan is effective. Creating an effective sales compensation plan is a key component […]
Public Sector Pay: Reasons and Rationale
Most people understand the notion that public sector employees have made a choice to exchange some financial compensation for noncash rewards, including superlative benefits. E. James Brennan, a compensation expert with decades of experience in the field, says there are nuances that many of us do not truly understand.
Top 3 Ways to Engage Millennials in Their Health Benefits
By Missy Jaeger, VP of Client Success at Keas One of the most studied generations ever, Millennials have definite workplace preferences and generational attributes that can guide outreach and communications. According to a US Chamber of Commerce Research Review report, Millennials do value their benefits package: More than half say it’s an important factor in […]
What Is the Equal Pay Act?
Did you know that the Equal Pay Act (EPA) is actually a component of the Fair Labor Standards Act? The EPA was established in 1963 and signed into law by President Kennedy.