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.
Salary negotiations are pretty common among employers and jobseekers. According to a recent Recruiting Daily Advisor survey, over 73% of respondents say they’re open to negotiating a salary, depending on the position and over 17% say they’re open to negotiating a salary for every position. But how about negotiating a salary that’s $10,000 over the […]
Student loan debt, rising healthcare costs, and stagnant wages are constantly making headlines in the news, so it should come as no surprise that 80% of employees are stressed about their finances, according to a new Ceridian survey. Should employers be offering financial wellness benefits to help ease these burdens and attract top talent?
If your organization is working toward an inclusive, diverse environment where employees are free from harassment and bias, you’ll want to sincerely consider implementing transgender awareness training and practices.
Today, takeout or groceries can be at your doorstep minutes after ordering. Burger King is delivering food to those caught in L.A. traffic jams. Nearly everything in our lives has adjusted to “Smartphone Time” and can be had instantly with a swipe.
The Pension Benefit Guaranty Corp. (PBGC) will be changing its reportable events filings to include controlled-group information, company financial statements, and defined benefit (DB) plans’ actuarial valuation reports, adding more detail to five plan or employer events already reportable to the agency that rescues failed pensions.
Employer-sponsored private-sector defined benefit (DB) plans have been on the decline for many years as U.S. employers have shifted to defined contribution (DC) retirement plans. Just 17% of private-sector employees had only a DB plan or both a DB and DC plan as of March 2018, according to the Bureau of Labor Statistics (BLS). Meanwhile, […]
Employee bonuses are often used as tools for motivation and retention. In some cases, they’re used as a means to keep base pay stable while still giving employees recognition. When salaries are increasing but salary budgets are not keeping pace, bonuses can be a way to offer recognition without changing the year-to-year obligations if circumstances […]
Practitioners and plan administrators are celebrating the arrival of several helpful revisions in a newly updated Internal Revenue Service (IRS) Employee Plans Compliance Resolution System (EPCRS) Revenue Procedure 2019-19.
Pay compression happens when the pay levels within an organization start to converge, and there’s less and less differentiation for things like years of experience and education levels. This happens far too easily—typically because the pace of raises doesn’t always keep up with the speed of market-level wage increases for new hires.
According to the American Institute of Stress, workplace stress costs U.S. industries around $300 billion every year and is on the rise as workdays get longer, workers work harder, and job insecurity continues to increase. If you want to mitigate workplace stress at your organization, here are a few best practices to keep in mind.