Are Unpaid Internships Now Acceptable?
The U.S. Department of Labor (DOL) recently updated its internship fact sheet, in effect changing the guidelines for internships. The move has prompted many employers to wonder: Do we still have to pay interns?
Tag: benefits
U.S. Pension Fund Assets Grew by 12.7% in 2017, Says New Study
Global institutional pension fund assets in the 22 major markets grew to $41.3 trillion at year-end 2017, according to latest figures in the Thinking Ahead Institute’s Global Pension Assets Study, representing the highest figure since the report began in 1997.
How to Create an Effective Learning Strategy Inside Your Organization (Part Two)
To get the most out of your training and development programs, it is necessary to have an effective learning strategy. In part one of this article, we discussed the importance of conducting a training needs analysis as well as identifying the organization’s capabilities. Here, we’ll identify what effective training looks like and explore best practices […]
Back to the Future: Making Sense of the Election Timing Rules for Cafeteria Plans
When H. G. Wells wrote The Time Machine in 1895, he struck a chord with mankind’s dream of going back in time. Interestingly, some employees may have the same dream regarding health and welfare benefits, in the form of retroactive elections.
ERISA Class Actions Settlements Cost Employers Nearly $1 Billion in 2017
Class action settlements and court decisions related to 401(k) retirement plans in 2017 significantly affected the direction of ERISA litigation, according to the newest edition of an annual law firm report on workplace class action lawsuits.
Vision Benefits Survey Findings Underscore Need to Educate Younger Employees
A new survey has found that younger employees are significantly less likely to enroll in vision benefits plans or understand the importance of eye exams. The Transitions Optical Employee Perceptions of Vision Benefits survey, conducted among 1,300 employees, reveals that 84% of Baby Boomers, 80% of Gen X and 75% of Millennials report that they […]
Another Tech Giant Bans Salary History Inquiries
Last month, Amazon, the world’s largest online retailer, issued a directive to recruiters and hiring managers: nix the salary history questions.
Employers Offer Incentives to Lure Tech Talent
Salaries for technology professionals in the United States were flat in 2017, according to the annual salary report from tech career platform Dice. But all is not lost, when it comes to attracting tech talent.
More Employees are Opting for Consumer-Directed Health Care, Finds New Report
While the Affordable Care Act still faces uncertainty, employers are looking for ways to reduce their healthcare costs and offer employees healthcare benefits that meet their needs. A new report—released by Benefitfocus, Inc., a cloud-based benefits management platform and services provider— shows a continued shift toward consumer-directed health care, with the rate of employers offering at […]
Your Wellness Communications are Missing 1 Thing—Excitement
Boosting employee well-being is a common goal for most employers. However, despite investing a lot of time and money into building a great wellness program, many employers still see poor participation rates.