Practical HR Tips, News & Advice. Updated Daily.
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.
In yesterday’s Advisor, we looked at the first two of Payscale’s five compensation tips for workers at all stages of their careers, referencing their report, Compensation Challenges for a Multi-Generational Workforce. Today, we’ll take a look at the rest of the list.
When it comes to hiring new employees, reaching an agreement on an appropriate salary can be a sticking point. Employers often have a range in mind, and they must balance the need to stay within a tight budget with the need to hire the best fit for the job.
While quite a few employers continue to think of Millennials as the “young whippersnappers” of the office, the oldest among them are now 35. This may come as a bit of a shock—not to mention the issue of how old this may make some of us feel. However, this means Millennials are now quickly moving […]
Yesterday, John Rubino of Rubino Consulting Services explained some of the background on profit-sharing plans, the 3 steps to establishing a deferred plan, and 4 of the steps involved in executing it. Today, we present the remaining 5 execution steps.
A profit sharing plan is a type of defined contribution plan that is sometimes used as a supplement to a primary retirement program. Today, John Rubino of Rubino Consulting Services explains the key elements of an effective profit-sharing plan.
Training—it’s how you mold promising new hires and start creating your company’s future leaders. What’s happening with training and development in the real world? What are your competitors up to? Help us find out!
The second round of revisions to IRS’ Employee Plans Compliance Resolution System in a week focused on failures in automatic enrollment and escalation in defined contribution retirement plans. The procedural changes from the agency also addressed DC plans’ automatic employee contribution features that experience short-term elective-deferral failures. The procedural changes in Revenue Procedure 2015-28 were released […]
In yesterday’s Advisor, we went over basic tax information regarding payroll deductions and Form W-4. Today, we cover the W-2 form as well as basic tax filing information.
Yesterday, Diana D. Neelman and Mary A. Rizzuti of Compensation Resources, Inc., provided some insights on crafting an innovative compensation strategy. Today, they reveal a key piece of the implementation puzzle: how to get top management on board with new initiatives.
April 15 is commonly known as Tax Day, because that’s when most people’s federal and/or state income taxes are due. As such, your employees may be experiencing extra stress at this time of year. Consider offering them the benefit of financial wellness training by using basic tax training information in today’s Advisor.