Practical HR Tips, News & Advice. Updated Daily.
It can be hard to find workers in any business environment, and that’s even more true with a strong economy and low unemployment But it’s not just big corporations looking for top-dollar professionals that are feeling the pinch; companies whose workers are part-time, temporary, and largely independent need to be careful of how they treat […]
We talk a lot about the importance of thinking beyond salaries and bonuses to attract top talent. Employees want to have top-notch benefits, as well as a comfortable, friendly work environment. Part of that includes flexibility, such as working from home, generous paid time off (PTO), and more.
In a widely expected move, the Maryland General Assembly has approved a significant increase in the state’s minimum wage by voting for legislation aimed at increasing the current rate of $10.10 per hour to $15 by 2025.
How do you decide if you should outsource your benefits administration? If you do decide to go that direction, how do you get started?
For some roles, like human resources, specific credentials are required—think Professional in Human Resources (PHR) or Senior Professional in Human Resources (SPHR). For some industries, like finance and accounting, professionals need certifications that show they’re licensed to offer the services in those industries—for example, a Certified Fraud Examiner (CFE) working with banks and lenders.
The federal government should take steps to clarify whether millions of dollars of retirement savings transfers to states from employer-based plans such as 401(k)s constitute reportable and taxable distributions, according to a report by the Government Accountability Office (GAO).
Deciding when it’s time to abandon in-house processes in favor of outsourced assistance can be very challenging, especially when it comes to HR benefits administration.
I know, we just entered 2019, and already I’m forcing you to think about 2020, but for good reason! As the Boy Scouts say, “be prepared,” and when it comes to your benefits offerings, you’re definitely going to want to plan way ahead to attract talent in 2020.
Defined benefit (DB) plan sponsors received another “derisking” tool in early March when the Internal Revenue Service (IRS) and U.S. Treasury Department unexpectedly reversed course on retiree lump-sum payouts.
If you missed a paycheck, how much would that threaten your family’s financial situation? That’s the question that became a reality for hundreds of thousands of federal workers in the most recent government shutdown. Unexpectedly, the shutdown highlighted a massive issue in American life: most working professionals—even federal workers—are living paycheck to paycheck and need […]