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The enactment of the Tax Cuts and Jobs Act (TCJA) on December 22, 2017, brought the most sweeping overhaul of the Internal Revenue Code (IRC) since 1986. Most of the changes took effect January 1, 2018. This article discusses the TCJA’s impact on employer provided fringe benefits and our insights, based on conversations with employers […]
When a new hire joined a U.S. Fortune 500 company in 1998, there was about a 59% chance he or she would be offered a traditional or hybrid defined benefit (DB) pension. As of 2017, that likelihood dropped to 16% in the same group of employers, according to a new Willis Towers Watson (WTW) retrospective […]
As America’s information technology industry strives to build a more gender and racially diverse workforce, a new report from the Computing Technology Industry Association (CompTIA), one of the IT industry’s top trade associations, finds contradictory viewpoints on the current state and future goals for workplace diversity.
Human resource professionals know the benefits of offering relevant and effective health and wellness benefits to their employees, but keeping employees engaged with them can often feel like a full-time job.
As companies consider offering student loan assistance to entice Millennial job seekers, they may want to consider that the newest generation entering the workforce probably won’t find the benefit as attractive—or necessary.
A group of best-performing companies has achieved a $2,251 per employee per year (PEPY) healthcare cost advantage over the national average in 2017 ($9,950 compared with $12,201), according to global advisory, broking, and solutions company Willis Towers Watson’s 22nd annual Best Practices in Health Care Employer Survey.
A new survey confirms there are major changes afoot in severance and separation benefits that will dramatically impact employer brand and talent management.
With concerns mounting that employees aren’t saving enough for retirement, U.S. employers are making significant enhancements to their defined contribution (DC) plans, now considered the main retirement savings vehicle for most working Americans, according to a survey by Willis Towers Watson, a global advisory, broking, and solutions company.
Although the prevalence of drug and alcohol addiction among Americans has been no secret, the rapid ascent of the opioid epidemic in recent years has thrust the issue of substance abuse back into the public eye.
Offering work perks is a great way to attract and retain top talent, but what types of perks are favored most by employees?