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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.
On January 12, 2020, the federal Department of Labor (DOL) announced the release of a final rule clarifying issues surrounding joint employment, which is of particular interest to employers that use staffing agencies, have franchise relationships, and use subcontractors. The effective date of the new rule is March 16, 2020.
When 401(k) plans first hit the scene in the early to mid-80s, financial advisors focused primarily on investment lineups, and that was OK with plan sponsors. However, as assets grew and the shift from defined benefit to defined contribution plans accelerated, employers began to realize they needed more help in this fast-changing retirement landscape. They […]
Low employee engagement is a persistent and damaging problem. Experts have identified many causes of disengagement. Some of those causes include a lack of financial wellness, difficulty navigating mental and physical health issues, no clear professional development path, stress in the workplace, and stress at home, to name just a few. What do all of […]
Some benefits will, by default, benefit some employees but not others. Sometimes, this is a result of the employees who choose to utilize them. Sometimes, it’s because not all employees are eligible for certain benefits. But sometimes, it stems from a difference in employee familial status: Married employees with children often get a better deal […]
Most of us think of “living paycheck to paycheck” as a condition afflicting the poor and low paid, but we’re wrong. Living paycheck to paycheck is a problem up and down the income ladder, and it’s one that businesses, not just workers, can and must address. Doing so isn’t just the right thing to do—it’s […]
The biweekly pay schedule has been the norm for quite some time. As new generations enter the workforce and new technologies emerge, this norm has made some employees desire something more current.
A federal appeals court upheld a district court’s decision that the Affordable Care Act’s (ACA) individual mandate is unconstitutional. The 5th U.S. Circuit Court of Appeals—which covers Louisiana, Mississippi, and Texas—remanded the case to the lower court to determine how much of the broader ACA should be invalidated as a result (Texas v. United States, […]
As the name implies, portable benefits are benefits that can be tied to the person, not the job, and thus can be carried into a new job. The benefit itself is ported either into the new employer’s plan or to the individual on his or her own. This is possible and common with many types […]
When you mix business with leisure, you get an attractive new employee benefit: bleisure travel. Just what is it, and why would you offer it? For those answers, I spoke with expert Wen-Wen Lam.
Today, it’s normal for people to spend 40+ hours a week working. Because employees dedicate such a substantial amount of time toward the companies they represent, it’s necessary for employers to curate a workplace experience that supports their hard work and keeps them invested.