Practical HR Tips, News & Advice. Updated Daily.
It’s long been known that U.S. workers take fewer vacation days than their international counterparts. Fewer vacation days are typically offered by U.S. employers, and of those offered, many go unused. There are many reasons for this, not the least of which is the U.S. work culture in which employees often fear falling behind or […]
The Pension Benefit Guaranty Corp. (PBGC) will be changing its reportable events filings to include controlled-group information, company financial statements, and defined benefit (DB) plans’ actuarial valuation reports, adding more detail to five plan or employer events already reportable to the agency that rescues failed pensions.
Managing a multigenerational workforce is no easy feat for today’s Human Resources (HR) departments. While Boomers set sail into retirement, bright-eyed Millennials crop up in their place, bringing with them wildly different experiences and expectations that challenge the meaning of “workplace benefits” as HR currently knows it to be.
Today, more employers than ever offer their employees a consumer-driven health plan with a health savings account (HSA) as part of their benefits package. And to help build employee adoption and engagement, HR managers are constantly challenged to come up with educational tactics.
According to a recent study, 27% of U.S. travelers are planning to volunteer on a trip this year. Volunteerism, thankfully, is becoming a stronger trend, and in the case of potential employees in the Millennial generation, who, as a group, highly value volunteerism, it’s important to recognize this need in a benefits program. In fact, companies […]
Human resource professionals need to consider company characteristics when offering benefits consultancy to clients.
Employers face two important challenges with their benefit programs: meeting employee demands for personalized coverage and continuing to manage costs. This year, employers are exploring some innovative approaches to achieving both goals. Many of these changes also serve to drive consumerism and healthier behaviors—leading to both short- and long-term wins for employers and employees.
Across the board, Americans are struggling with their finances. Student debt is continuing to skyrocket, the average retirement age is slowly climbing, and 65% of Americans have little or nothing in their savings accounts. For Millennials, the problem is only exacerbated—most plan to retire at 60, yet a staggering 66% have nothing saved for retirement. […]
New research from Paychex sought to learn what employees, not employers, have to say about what shapes an organization. The research offers a useful perspective for any HR professional that wonders what the employees are thinking about benefits, retirement, pay equity, ghosting, and more.
Saturated with jobs and lacking enough people to fill them, the tight labor market continues to make headlines, and for employers it’s not just a news story. Instead, it is a new reality that will be here for the foreseeable future. Making your organization stand out from the crowd is increasingly important—and more challenging.