Practical HR Tips, News & Advice. Updated Daily.
Yesterday’s Advisor featured tips from Clare Novak on the basics of finance and how to speak its language; today, how HR fits into the picture and some advice on how to turn financial literacy into funding for your department.
Haas and his colleagues sought a way to get drug costs down for clients. They peered beneath the surface and didn’t like what they found. From Purely Transactional to Cost Management Pharmacy Benefits Management programs (PBMs) started out in a purely administrative role, Haas says, helping to process retail pharmacy transactions and manage prices of […]
With the vast amount of available technology today, it’s not surprising that recruiters are relying on tech to streamline the hiring process. As someone who’s spent 30 years working primarily with tech firms, I get it: Technology is valuable and useful. It’s brought success to many companies and helped them save time and money. But […]
When workers voluntarily leave the company, one would assume that the employee is leaving for better opportunities. However, in a tight labor market, rehiring former employees is becoming more popular among employers. But research finds that former employees are hesitant to go back.
Employees are often the primary focus of workplace well-being initiatives, and with good reason. It’s the employee whose health has the most visible effect on corporate success. But the people who come in to work each day aren’t the only ones whose health is impacted by well-being efforts, and they’re not the only ones whose […]
The pandemic ushered in a new era of remote work, with companies around the world quickly adapting to virtual environments. As they navigate the post-pandemic landscape, businesses are faced with the challenging decision of whether to bring employees back to the office, adopt a hybrid model, or continue with remote work. Amazon, a global powerhouse, […]
A former employee’s failed attempt to call COBRA coverage a “privately paid” policy, rather than an ERISA plan, in order to maintain state-law claims against a group health insurer offers a chance to remind employers about importance of knowing the legal status of their benefit plans. In the case, the individual sued the insurer for […]
Employer interests are sounding off against the U.S. Department of Labor’s (DOL) proposal for a dramatic increase in the overtime threshold, but employers are still advised to take a close look at their exempt workforce to make sure their status is justified. The DOL released its long-awaited proposed rule on August 30. If finalized, the […]
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.
The difference between stagnant organizations and dynamic ones is clear: In dynamic organizations, ideas are readily surfaced, developed, and implemented—and leadership makes all the difference.