Practical HR Tips, News & Advice. Updated Daily.
In yesterday’s Advisor, we reviewed options for transitioning employees into retirement and how such programs benefit employers; today, how your partial retirement program can benefit employees as well.
The Pew Research Center estimates that 10,000 Baby Boomers will reach age 65 every day until the year 2030. While the Boomers in your organization may not be planning on retiring anytime soon, now’s the time to begin preparing for this labor exodus.
Retirement plan sponsors now have more information than ever before about the fees they are paying for plan services. This helps meet fiduciary obligations to monitor and assess the “reasonableness” of plan fees, but it also can lead to uncertainty about how best to meet these obligations. The large amounts of information provided by the […]
Many EVPs (Employee Value Propositions) consist of nice-sounding platitudes that are a litany of things that don’t reflect reality, says consultant Stephanie Tarant, PhD. Take Enron, for example.
Does your company have a set number of vacation days and a separate number of sick days that employees may take without losing pay? Or have you implemented a more catch-all system of paid time off (PTO), in which all vacation days, sick days, and personal days are lumped together?
I often talk about the characteristics of the people with whom I want to work. In their book How Google Works, Eric Schmidt and Jonathan Rosenberg talk about the type of people they had at Google. And the two of them should know—Schmidt is the executive chairman and ex-CEO, and Rosenberg is a former SVP […]
Employers have been shifting more premium costs to workers and increasing their deductibles. That, in addition to the fact that price growth in the health sector outpaces growth for the rest of the economy, has resulted in a disproportionate increase in employee out-of-pocket costs, a new Commonwealth Fund report says. Growth in health plan costs […]
You don’t spend nearly enough time simply thinking. Before you take offense to that statement, consider how much time you spend talking, responding to e-mail, even reading—my guess is that you spend more time doing any one of them than you do thinking.
In yesterday’s Advisor, we presented results from our 2014 Recruiting and Retention Survey. Today, more findings from this timely study, including practices for new hires and preferred methods of retention.
Proposed changes to the Summary of Benefits and Coverage rules under health care reform include additions and subtractions to the SBC template, as well as clarifications on how plan sponsors and insurers may apportion the responsibility to furnish the SBC to participants. A third example would be added to the cost-sharing examples required in the […]