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.
The cannabis industry is becoming one of the fastest growing industries in the United States, which should come as no surprise given that 10 states—and Washington D.C.—have legalized recreational marijuana and 33 states have legalized medical marijuana.
The use of 401(k) plan loans in 2018 fell to a 9-year low of 22.5% of participants and continued a steady 6-year decline of nearly 10 percentage points, investment management firm T. Rowe Price said on May 1, drawing on data gathered from nearly 2 million participants for its annual benchmarking report.
The Internal Revenue Service (IRS) starting September 1 will accept determination letter applications for a few more categories of individually designed plans, it announced in Revenue Procedure (Rev. Proc.) 2019-20, released May 1.
If you’re looking to hire and retain talent this summer, it’s imperative that you offer the benefits these workers want. So, what do these workers want?
Human resource professionals need to consider company characteristics when offering benefits consultancy to clients.
At the end of a hiring process, the final step is sending an offer letter to the potential candidate with the hope of them accepting it. Unfortunately, some hiring managers end up receiving a different answer, a counter offer.
In 2008, the Internal Revenue Service (IRS) established a voluntary program aimed at retirement plan sponsors and administrators to encourage correction and resolution of plan document or operational failures as soon as they are discovered. The Employee Plans Compliance Resolution System, or “EPCRS” as it is most often called, stresses the importance of established administrative […]
The U.S. Department of Labor (DOL) has released its highly anticipated proposal to change the minimum salary threshold for overtime eligibility. Placing the new threshold at $35,000 per year (or $679 per week), the proposed regulations would make over a million more workers eligible for overtime pay.
In part 1 of this article we explored problems with pay equity and discussed an approach for getting pay equity right. Today we’ll provide you with 7 questions that every HR professional should ask about pay equity.
Overall, strategic and well-executed workplace wellness programs offer benefits for employers and employees. According to research, 78% of employees believe their company’s wellness program had a positive impact on workers’ health, and 75% believe such programs had a positive impact on their productivity and performance. So, as you work to improve your workplace wellness programs […]