Tag: benefits

Benefits of Hiring Independent Contractors

Does your organization hire only permanent employees? Or does it use a mix of employees and independent contractors? Or perhaps you rely solely on independent contractors and have no permanent staff?

Benefits Remain a Key Tool for Retention and Recruitment

In spite of major changes in the healthcare landscape, small-business owners looking to recruit and retain top employees still need to pay close attention to their benefits offerings. According to the 2015 Aflac WorkForces Report for Small Businesses, a majority of workers employed in small businesses are willing to consider a job with slightly lower […]

Family/lifestyle benefits make greatest impact on Millennial Retention

While salary is important when considering a new job offer or whether to stay with a current employer, according to a Care.com Workplace Solutions Better Benefits Survey, better family lifestyle benefits such as family-care assistance, flexible work schedules, and paid parental leave, directly impact an employee’s decision to make that final move.

Most Retirees Leave Ex-employer’s Plan within 5 Years

The overwhelming majority of defined contribution plan participants at retirement age roll their retirement savings over from their employer’s plan to an individual retirement account within five years of leaving the company, according to new research by Vanguard. But most refrain from taking distributions for years afterward. This common decision has implications for the “to […]

Public Sector Pay: Reasons and Rationale

Most people understand the notion that public sector employees have made a choice to exchange some financial compensation for noncash rewards, including superlative benefits. E. James Brennan, a compensation expert with decades of experience in the field, says there are nuances that many of us do not truly understand.

Top 3 Ways to Engage Millennials in Their Health Benefits

By Missy Jaeger, VP of Client Success at Keas One of the most studied generations ever, Millennials have definite workplace preferences and generational attributes that can guide outreach and communications. According to a US Chamber of Commerce Research Review report, Millennials do value their benefits package: More than half say it’s an important factor in […]

What Is the Equal Pay Act?

Did you know that the Equal Pay Act (EPA) is actually a component of the Fair Labor Standards Act? The EPA was established in 1963 and signed into law by President Kennedy.