Practical HR Tips, News & Advice. Updated Daily.
A quick SECURE Act 2.0 summary is nearly impossible to give. Like the original 2019 SECURE Act, the goal of the update was to increase the number of companies offering retirement plans and to increase employees’ participation in those plans. While the original SECURE Act brought forth new changes, SECURE Act 2.0 far exceeds the […]
Getting “back to normal” as the COVID-19 pandemic has eased has not been simple for anyone. In terms of plan administration, the continued tolling of employee benefit plan deadlines, including those related to continuation coverage under the Consolidated Omnibus Budget Reconciliation Act (COBRA), has kept plan administrators firmly planted in a “COVID-19 world,” even as […]
Just about all employers and brokers agree the health plan industry needs an overhaul. That’s one of the clear takeaways from Centivo’s late 2022 Employer & Broker Health Plan Trends Survey. Exactly how to make change happen, however, is where these groups somewhat disconnect: We found that far more employers are open to innovative ideas […]
Student loan borrowers are preparing to either resume payments or start making them for the first time since March 2020. Currently, federal student loan payments are scheduled to resume 60 days after June 30. That can change if the Supreme Court rules on President Joe Biden’s student debt forgiveness plan, in which case payments will […]
Everyone’s talking about junk fees these days. Even the president called them out in his State of the Union Address. One of the worst offenders is the banking industry, which makes money from overdraft, bounced check, and credit card fees. Junk fees cost your employees money and eat into their paychecks, but employers have a […]
The decade ahead will likely be known for innovations we haven’t even imagined yet. In the workplace, it may be known for the rise of a new way of scheduling employees: the 4-day workweek. As overwork has become a chronic issue, entire countries have started piloting and testing shorter workweeks. Between 2015 and 2019, Iceland […]
The 4-day workweek (32 hours at 8 hours/day x 4 days/week) recently has come back into major discussion. The latest brick in the wall is researchers at Boston College, think tank Autonomy, and Oxford and Cambridge Universities wrapping up the largest research study to put that question to the test, with 61 companies and 2,900 […]
A recession is coming, and many leaders are rethinking their current HR strategies to stay afloat. While many technology giants have resorted to mass layoffs, Apple has taken a people-first, long-lasting approach: investment in its HR program. After all, a satisfied workforce is a successful workforce. Understanding the importance of the employee experience, Apple has […]
Over the past several years, employees have faced a level of economic volatility that some haven’t seen for decades and many have never experienced in their working lives. First, there was the massive job displacement and economic chaos caused by the COVID-19 pandemic. Then came surging inflation, which triggered a stock market plunge and a […]
A health savings account (HSA) is a flexible financial tool that serves you throughout every stage of your life. This account allows you to take control of your finances in an individually tailored way to your financial situation. The HSA market is rapidly evolving and growing with each passing year. According to the 2022 Midyear […]