Connecticut Minimum Wage Increase Kicks in On October 1
Connecticut’s minimum wage will increase on October 1 as the state begins a series of hikes that will eventually make the state’s minimum $15 an hour.
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.
3 Ways Small Businesses Can Provide Employee Child Care
At the start of an individual’s career, child care most likely is not at the center of his or her employee benefits concerns. But, as people venture further into their careers, the chances increase that they’ll need to find a childcare provider to be able to progress in their jobs, which is not necessarily an […]
Benefits Trends for Talent Attraction: Meaningful Work, Health Care, and More
The workforce is changing as Baby Boomers continue to retire and Generation Z starts taking their place, and with a “changing of the guards” comes a change in the types of benefits you use to attract and retain top talent. If you haven’t been staying up to date on the latest trends, don’t worry—we’ve outlined […]
Benefit Expense Reduction: Reducing Healthcare Costs
Traditionally, employers reduced healthcare spending by passing along more of the premiums and other costs to employees. This, of course, is still an option, but it’s obviously one that employees don’t favor and will not go far in making the benefits package attractive. It also doesn’t address the root issue of cost reduction but rather […]
What Is On-Demand Pay?
Our society is moving toward giving people what they want, when they want it. Bill payments, movies, rides, financial services, and more can all be done with apps, and most are available nearly immediately. It may come as no surprise, then, that employers are following suit by offering on-demand pay so employees have more say […]
Employers May Offer Individual Coverage HRAs in 2020 Under Final Rule
Employers may begin offering health reimbursement arrangements (HRAs) as soon as January 1, 2020, to employees who enroll in individual health coverage, under a rule finalized by the Trump administration.
Dealing with Employee Engagement for Overtime Employees
Overtime is quite common in some industries like restaurants. According to federal regulations, employees working overtime (that is, more than 40 hours a week) are eligible for one-half times the minimum wage. That means, an employee making $3 an hour at a waiting job is eligible to make close to $10 an hour when they […]
How HR Can Lower Healthcare Costs Without Reducing Coverage
Large employers currently pay about $500 more in healthcare costs per employee than they did just a year ago—money every company would love to have back. With healthcare costs increasing yearly, many HR departments are struggling to contain healthcare spending, which has become the largest cost to many companies outside of payroll.
Benefits You May Not Have Considered: Pet-Related Employee Benefits
There are millions of pet owners across the country. This, of course, means that almost all employers have employees who have cherished pets—employees who would likely be happy to have employment benefits that help make pet ownership easier.
Q&A: Forming Lower-Cost, Higher-Value Health Plans
What do your employees really want from their health plan? Answering that question can help you deliver a better benefit and save a lot of money by focusing on what is really needed.