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.
Attracting and keeping talented employees is incredibly important and often very difficult. In a post-industrial society, businesses run more and more on people and less and less on nonhuman capital like factories, vehicles, and machinery. At the same time, with historically low unemployment rates, employees have added flexibility to be picky when it comes to […]
The Internal Revenue Service (IRS) has extended for an additional year the temporary nondiscrimination relief it offers closed defined benefit (DB) retirement plans.
In a highly competitive hiring landscape, employers are looking for ways to differentiate themselves to prospective employees. One option is to provide a more attractive or unique benefits package by including new and interesting benefit options.
A recent study by Paychex sought to explore trends in wage growth and hours worked among small businesses. That report shows that small business wage growth has decreased, despite an increase in weekly hours worked.
Recruiters, hiring managers, and HR professionals rejoice, Robert Half has released its 2019 Salary Guide! Why is this so important, you ask? With salary guides, you’ll be able to see what types of compensation your competition is offering candidates, and with that knowledge in hand, you’ll be better equipped to poach those workers to your […]
We all know that unemployment has reached record lows. Employees might be wondering when they will start getting paid more, given that competition for talent should be severe. Research shows that is not happening. How do employees feel about this discrepancy? New research shows that nearly half of all employees think they are not being […]
There are many factors that influence employee satisfaction and the same factors that influence satisfaction can be used to attract talent to your company, as well. Obviously, one of the first to come to mind is compensation. Whether it’s a salary or bonus, you’d be hard-pressed to find an employee who wouldn’t like a little […]
There are many factors that influence employee satisfaction. Obviously, one of the first to come to mind is compensation. Whether it’s a salary or bonus, you’d be hard-pressed to find an employee who wouldn’t like a little extra in his or her paycheck.
Over the last decade, workplace flexibility has become a hot topic and a priority for many employees. Now that workers have options like telecommuting, alternative scheduling, and freelancing, they’re looking for flexibility in their benefits, too.
In part one of this article we explored the Department of Labor’s (DOL) guidance for locating missing participants in the event of a plan termination. Today we will look at what constitutes acceptable and unacceptable alternatives.