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.
Despite two transit parity bills introduced so far this year on Capitol Hill, Congress so far has made no indication it will extend the mostly non-controversial proposal to equalize the tax breaks for qualified parking and mass transportation and vanpool commuting expenses. Both bills were introduced in the House and seek to amend the tax […]
Yesterday, we got some insights from Laura Fries, managing director and executive vice president at Baker Tilly, on pay strategies to retain up-and-coming Gen Xers. Today, her thoughts on short-term versus long-term pay for different generations.
In the upper reaches of corporate America, the largest generation on record is retiring—and a new generation is getting set to take over. And Gen Xers aren’t looking for the same things, compensation-wise, their Baby Boomer predecessors were.
Decades into reviewing the pluses and minuses of 401(k) defined contribution retirement plans, most employer plan sponsors have chosen to offer plan loans, which on the one hand give participants early partial access to their retirement funds but also threaten to erode those savings. A new paper suggests that plans’ loan policy can shape participant borrowing, […]
Yesterday, we looked at the wage increases recently announced by behemoths Walmart and McDonald’s®. Today: How to prepare for compensation increases at your own organization.
In yesterday’s Advisor, we presented results from our 2015 Perks and Insurance Survey. Today, more findings from the study, including what’s being offered for insurance among employers and how costs are being contained.
The wage and benefit increases recently announced by McDonald’s® put the fast-food giant on the same path retail giant Walmart took back in February when it announced an increase in its starting wage.
Benefits—they can be great assets to your recruiting program and boost your overall compensation package, but employers have to be ever mindful of costs. Read the results of our Perks and Insurance Survey to see how your practices compare with what other companies are doing.
I’ve been accused of too often writing about sports in this blog. I guess that’s because sports have been such a big part of my life as a participant, coach, and spectator—but also because I subscribe to the idea that sports imitate life. In sports, as in life, there is success and there is failure. […]
The 9th U.S. Circuit Court of Appeals decided that an insurance certificate was an official plan document that overrode the plan’s summary plan description. It shows that plans are vulnerable when they attempt to set out plan terms in the SPD only without corresponding language in the official plan document. For stronger plan design, the […]