Understanding Health Reimbursement Arrangements
In health care, acronyms abound—ACA, FSA, FMLA, CDHP, HSA, etc. It can be a bit overwhelming.
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.
It’s Best to Be Transparent About Bonuses, Says Expert
Perhaps you remember a time when the holiday bonus was a guarantee and when organizations shared their financial success with their workers with surprise bonuses. While that does still occur in some organizations, it is far from ubiquitous.
Unequal Benefits Part 2: Ways to Combat the Issue
We’ve talked in the past about the idea that not all benefits are utilized equally by employees and how this may inadvertently create a situation in which benefits seem to help some employees much more than others. This is often the case for benefits that target those who are married or those with children. The […]
Compensation Will Drive Recruiting and Retention in 2020
In the world of recruiting and retaining top talent, compensation will drive all your efforts this year. According to Monster.com’s 2020 State of the Candidate Survey report, compensation is a recurring theme among all jobseekers in every aspect of the hiring process and an employee’s tenure; because of this, employers that take an active approach […]
Student Loan Assistance Benefits Employers and Employees
Student loan debt casts a wide net and draws in a lot of people: students burdened with financial stress; workers who must reskill and upskill; and employers that must fill skills gaps and are seeking to increase diversity in their companies. People in each of these groups face financial constraints caused by student loan debt.
How Can You Prepare for Future Minimum Wage Hikes?
Sixteen states and at least 10 large cities have increased their minimum wages substantially in 2020, with a majority of them going into effect on January 1. The minimum wage increases are happening in many markets already at or near historic lows in unemployment, which could have a significant impact on employers looking to recruit […]
The Importance of Economic Empowerment for Women
Economic empowerment is the principle of financial independence for women. Coupon Chief tackled this issue with an infographic that covers the current state of women’s finances and how women can leverage employer benefits to improve their financial status. Check it out below!
Apple Joins Other Big Tech Firms in Housing Investment
The high-tech industry is famous for its efforts to attract top talent. In addition to impressive salaries, companies like Google are known for over-the-top employee perks and inviting campuses—and for good reason. High tech has high competition.
DOL Releases Final Rule to Clarify Joint Employment
On January 12, 2020, the federal Department of Labor (DOL) announced the release of a final rule clarifying issues surrounding joint employment, which is of particular interest to employers that use staffing agencies, have franchise relationships, and use subcontractors. The effective date of the new rule is March 16, 2020.
7 Signs You Have a Good Retirement Plan Advisor
When 401(k) plans first hit the scene in the early to mid-80s, financial advisors focused primarily on investment lineups, and that was OK with plan sponsors. However, as assets grew and the shift from defined benefit to defined contribution plans accelerated, employers began to realize they needed more help in this fast-changing retirement landscape. They […]