Fewer Organizations Implementing Hard Minimums/Maximums on Severance Packages
A new survey confirms there are major changes afoot in severance and separation benefits that will dramatically impact employer brand and talent management.
Tag: benefits
Financial Wellness: Employers Enhance DC Retirement Plans to Improve Employees’ Financial Security
With concerns mounting that employees aren’t saving enough for retirement, U.S. employers are making significant enhancements to their defined contribution (DC) plans, now considered the main retirement savings vehicle for most working Americans, according to a survey by Willis Towers Watson, a global advisory, broking, and solutions company.
Combating the Substance Abuse Epidemic Through Employee Benefit Programs
Although the prevalence of drug and alcohol addiction among Americans has been no secret, the rapid ascent of the opioid epidemic in recent years has thrust the issue of substance abuse back into the public eye.
40% of Employees Say Flexible Work Hours are the Most Valuable Perk
Offering work perks is a great way to attract and retain top talent, but what types of perks are favored most by employees?
Vacation Pay Lawsuit Takes Excursion to Appellate Court and Back
Winnebago County, Illinois recently attempted to avoid a claim for accrued but unpaid vacation pay under the Illinois Wage Payment and Collection Act (IWPCA) by invoking the 1-year statute of limitations in the Illinois Local Governmental and Governmental Employees Tort Immunity Act. Read on to learn whether the Tort Immunity Act gives a break to […]
Escalator Principle: Are Returning Servicemembers Entitled to Bonuses?
Applying the escalator principle is reasonably simple when job advancement is strictly a matter of seniority. But how is it applied when advancement depends on additional training and passing qualifying tests?
Exception to the Rule: Understanding the DOL Fiduciary Rule
In part one of this article, we covered the roles and responsibilities of a plan fiduciary and evaluated the new U.S. Department of Labor (DOL) fiduciary rule’s impact, even though full implementation has been delayed—extended to July 1, 2019. In this article, we’ll cover the exception to the fiduciary rule, as well as some steps […]
Knowledge is Power: How Healthcare Transparency Programs Can Make Your Organization a King
Knowledge is power. It’s an old, and somewhat cliché, adage, but extremely relevant when it comes to navigating today’s healthcare ecosystem. Why? Because health care is confusing.
Don’t Wait for Full Implementation of New DOL Fiduciary Rule to Understand It
With the new U.S. Department of Labor (DOL) fiduciary rule in effect, and the phased implementation and extended transition period set, it is reasonable to imagine that all members of the retirement plans community have been refreshing their understanding of the fiduciary duties tied to plan administration.
Insurance Giant Nixes the Prior Pay Question
Progressive, one of the largest providers of insurance in the United States, has announced its hiring plans for 2018. It has also announced that it will no longer ask job candidates to disclose salary history.