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.
Across the board, Americans are struggling with their finances. Student debt is continuing to skyrocket, the average retirement age is slowly climbing, and 65% of Americans have little or nothing in their savings accounts. For Millennials, the problem is only exacerbated—most plan to retire at 60, yet a staggering 66% have nothing saved for retirement. […]
Paid family leave has become an important issue in the U.S. for both employees and employers. Recently I spoke with Breanna Scott, Director of Product & Service Management at The Standard to discuss paid family leave trends in 2019.
As we’ve previously reported, jobseekers who did not negotiate their salaries before excepting a job offer were more likely to lose out on future earnings with that company. We also discussed how fewer candidates were willing to negotiate during the hiring process, but that’s about to change!
For the third year in a row, respondents to the annual Callan Institute “Defined Contribution (DC) Trends Survey” specified reviewing their plan fees as a key area of focus and as the best way to improve their fiduciary position as plan sponsors.
New research from Paychex sought to learn what employees, not employers, have to say about what shapes an organization. The research offers a useful perspective for any HR professional or recruiter that wonders what jobseekers are looking for when it comes to certain employment trends like benefits and retirement, pay equity, ghosting, and more.
U.S. Department of Labor (DOL) monetary recoveries on behalf of benefit programs and participants by its Employee Benefits Security Administration (EBSA) unit totaled more than $1.6 billion for fiscal year (FY) 2018, up 45 percent from the $1.1 billion recovered in FY 2017, statistics from the department showed.
We continue to hear about the major hiring challenges employers across the country continue to face. If your company is faced with similar challenges, you may be turning to talent retention as a way to keep current workers happy and sticking around. But how do you keep your current workers happy? By offering robust benefits […]
We hear a lot in the news these days about the historically low unemployment rate, but one figure we don’t hear about nearly as much is the labor force participation rate—the ratio between the size of the labor force and the size of the overall population for that age group, often grouped by cohort (i.e., […]
Communicating with employees is one of the most important aspects of any workplace retirement plan. A plan may be carefully designed to help participants achieve their retirement objectives, but if the plan sponsor does not effectively communicate the key information, the participants may not have the understanding they need to succeed in reaching their goals.
According to one study conducted by Duke University, obese workers filed twice the number of workers’ compensation claims, had seven times higher medical costs from those claims, and had 13 times more lost workdays due to injury or illness than non-obese employees.