Practical HR Tips, News & Advice. Updated Daily.
The use of 401(k) plan loans in 2018 fell to a 9-year low of 22.5% of participants and continued a steady 6-year decline of nearly 10 percentage points, investment management firm T. Rowe Price said on May 1, drawing on data gathered from nearly 2 million participants for its annual benchmarking report.
The much-discussed Great Resignation has forced a refocusing in the conversation surrounding the needs of hourly workers. Faced with labor shortages, many employers are reassessing how their workers are treated, from hourly wage increases to financial incentives like signing bonuses, down to the benefits offered to hourly employees. For the most financially precarious, however, the […]
“Millennials are becoming the largest demographic in the U.S. Workforce—about one third of all workers—so it’s critical for employers to understand how to attract and retain Millennial talent,” said John Burke, senior vice president and chief culture officer, Staples, Inc. “Our Workplace Index found that contrary to popular belief, salary is important to Millennials, just […]
In today’s competitive labor market, attracting and retaining skilled workers has become a critical operational challenge. According to McKinsey research, a staggering 87% of companies are either currently experiencing a skills gap or expect to face one soon. The growing demand for skills and workforce agility is magnified by the transformative shifts brought on by […]
As the nation continues to confront a deadly pandemic, a flagging economy, and difficult discussions about social justice, the world of professional sports is stepping in to offer a brief respite from our woes.
How many of your employees work from home? A recent study by Amerisleep analyzed 1,001 remote employees across the United States. Among other things, this survey revealed both the sweeter and the more bitter sides of the increasingly popular remote lifestyle.
In the evolving employment landscape, the excitement around AI and its integration into the workforce is palpable. As AI reshapes roles and expectations, a surprising trend emerges: despite technological advancements, a significant 70% of executives still firmly prioritize soft skills over AI competencies during the hiring process, according to 2024 Fast Company reporting. This divergence […]
Litigation Value: None. I think The Office gods have been reading my blog entries and decided they’d give me an hour-long episode with very few legal issues. In last night’s episode, three main characters made significant career moves. Dwight received the manager promotion, Andy quit his job to pursue fame, and Jim decided to stay […]
If you’ve been following the news lately, you probably know that Starbucks has been in the spotlight—and not for its 2018 limited edition white chocolate mocha.
Unlimited paid time off (UPTO) is one of those semi-mythical job perks that seem simply idyllic to many. No more trying to budget available days off across multiple competing leisure priorities; one can simply do them all and take as much time as one needs, right? UPTO—Too Good to Be True? Some Say Yes Not […]