Category: Benefits and Compensation

This topic provides guidance on how to handle compensation issues in a way that attracts and retains the best talent and advances the strategic goals of your business. You get news and tips on what’s going on nationally and in the states, and updates on changes in regulations, possible governmental action, and emerging compensation trends.

Weaving Wellness Programs into Open Enrollment Season

By Heidi Bowman, senior vice president and general manager, Weight Watchers Health Solutions Guiding your employees through the health-plan process is undeniably important. However, we have found that when planning for open enrollment season, many companies tend to overlook a vital spoke in their hub—wellness programs.

HSAs and HRAs: Which Are Faring Better in the Health Plan Market?

Which is faring better in today’s health insurance market—health reimbursement arrangements or health savings accounts? To find out, United Benefits Advisors (UBA) surveyed more than 10,000 employers representing more than 5 million total lives for its special report, 2015 Health Plan Survey, “HSAs and HRAs: How They’re Doing. UBA broke out the survey data on how employers […]

Automatic Pay Increase Pros and Cons

When it comes to pay increases, nearly every organization has its own strategy. Some give only merit-based pay raises. Others give cost-of-living adjustments every year and tie the amount to an external index, like the consumer price index. Others opt for an annual pay raise that is either automatic or automatic but tied to some […]

Jobs with the Most Promising Salary Increases

Randstad US, a staffing and HR services companies, has released its annual salary guides, which reveal that while most 2016 pay raises will average around 3%, certain engineering, information technology, manufacturing and logistics, and office and administration jobs can expect compensation increases of 6% to 9%.

Rewards and Recognition: Study Shows It’s Not All about the Money

According to a survey of more than 1,000 U.S.-based employees conducted by BambooHR, employees are often likely to prefer status or recognition above money. If you think that all employees would jump at the chance to take a monetary bonus over simple recognition of a job well done, you’d be wrong. Their infographic provides more insight into […]

ERIP Basics

ERIP stands for Early Retirement Incentive Plan. Employers have been using ERIPs for years—they’re an effective way to influence the workforce and even sometimes to avoid implementing a layoff.

Misclassification Remedies: Should You Consider VCSP?

In recent years, the Internal Revenue Service (IRS) has made a big push to get employers to properly classify employees—they’ve stepped up their audits of organizations who may have improperly classified workers as independent contractors (workers who should have been classified as employees all along).