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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.
The workforce is changing as Baby Boomers continue to retire and Generation Z starts taking their place, and with a “changing of the guards” comes a change in the types of benefits you use to attract and retain top talent. If you haven’t been staying up to date on the latest trends, don’t worry—we’ve outlined […]
Traditionally, employers reduced healthcare spending by passing along more of the premiums and other costs to employees. This, of course, is still an option, but it’s obviously one that employees don’t favor and will not go far in making the benefits package attractive. It also doesn’t address the root issue of cost reduction but rather […]
Our society is moving toward giving people what they want, when they want it. Bill payments, movies, rides, financial services, and more can all be done with apps, and most are available nearly immediately. It may come as no surprise, then, that employers are following suit by offering on-demand pay so employees have more say […]
Employers may begin offering health reimbursement arrangements (HRAs) as soon as January 1, 2020, to employees who enroll in individual health coverage, under a rule finalized by the Trump administration.
Overtime is quite common in some industries like restaurants. According to federal regulations, employees working overtime (that is, more than 40 hours a week) are eligible for one-half times the minimum wage. That means, an employee making $3 an hour at a waiting job is eligible to make close to $10 an hour when they […]
Large employers currently pay about $500 more in healthcare costs per employee than they did just a year ago—money every company would love to have back. With healthcare costs increasing yearly, many HR departments are struggling to contain healthcare spending, which has become the largest cost to many companies outside of payroll.
There are millions of pet owners across the country. This, of course, means that almost all employers have employees who have cherished pets—employees who would likely be happy to have employment benefits that help make pet ownership easier.
What do your employees really want from their health plan? Answering that question can help you deliver a better benefit and save a lot of money by focusing on what is really needed.
Using benefits to attract talent has become a common strategy many employers across the country have adopted to help fill vacant roles in the war for talent. However, in order to stand out amongst the competition, employers are now getting creative in the types of benefits they’re offering to attract talent.
Commuter benefits, as the name implies, are benefits offered to employees that have some relation to the costs and hassle of commuting to the workplace.