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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.
Most of us have heard of the “parking lot” in business—the place where ideas not pertinent to a discussion get moved. With the perceived complexity of the health and wealth landscape, as well as the challenges facing employees for the long haul, it’s no surprise that many consumers are moving their health and wealth to […]
Fairness is a major factor that tends to color how employees view the workplace. If a happy, engaged employee learns that another employee doing the same job is getting 15% more than he or she is getting, all the other things that made the job seem great turn to ash.
A total compensation statement is something many employers opt to provide to employees to quantify and communicate the monetary value of their full compensation package. Also known as a total rewards statement or a “hidden paycheck,” a total compensation statement would include base pay plus bonuses/incentives, and also could include the quantified value of benefits […]
In a recent Recruiting Daily Advisor survey, respondents were asked which types of benefits they use to attract talent. It should come as no surprise that a majority offer health insurance (92%), dental insurance (86%), paid time off (85%), life insurance (83%), and retirement benefits (81%) as a way to get candidates in the door. […]
Does your organization provide short- and long-term disability insurance for employees? If not, is this something the organization has considered adding to your benefit package?
With the majority of Americans being classified as either overweight or obese, it stands to reason that the vast majority of employers will have many overweight individuals as employees. While most of the time this is not something of consideration, some overweight individuals may benefit from employer assistance to ensure their working environment can accommodate […]
All across the nation, employers are scrambling to get on “Best Employer” lists—such as, Glassdoor’s annual 10 best places to work list, Fortune’s 100 Best Companies to Work For® list, and others. Not only do these lists showcase the “best of the best,” but they also show other employers what’s working to get talent in […]
Currently, as per federal law, employers are required to pay employees at least $7.25 per hour, although many state laws (and some cities and counties) have different minimum wage requirements. However, many federal lawmakers and citizens want to increase the federal minimum wage to $15 per hour because they claim that workers making less than […]
The original “excessive fees” case—first filed in 2006—finally concluded on March 28 with a $55 million settlement for the plaintiffs, one of the largest ever awarded in 401(k) fee litigation.
Currently, as per federal law, employers are required to pay employees at least $7.25 per hour, although many state laws(and some cities and counties) have different minimum wage requirements. However, many federal lawmakers and citizens want to increase the federal minimum wage to $15 per hour because they claim that workers making less than that are still living in poverty […]