Severance benefits are payments made to employees upon termination of employment caused by events that are beyond their control, such as workforce reductions, plant closings, company takeovers, and mergers. Severance benefits are sometimes offered to encourage early retirement or voluntary resignation, or to discourage terminated employees from suing an employer.
This topic provides guidance on how to handle compensation issues in a way that attracts and retains the best talent and advances the strategic goals of your business. You get news and tips on what’s going on nationally and in the states, and updates on changes in regulations, possible governmental action, and emerging compensation trends.
It would seem as though the Nevada Legislature has declared war on small employers this legislative session with proposals to raise the minimum wage, require equal pay for equal work, and force Nevada employers with 50 or more employees that have operated in the state for at least one year to provide 24 hours (equivalent […]
Getting sued is easy. It’s avoiding lawsuits that is the real challenge. The HR Daily Advisor was recently at the SHRM’s 2017 Annual Conference & Exposition in New Orleans. Here we attended a session entitled From the Boardroom to the Courtroom: Top 10 Business Practices That Will Get You Sued, presented by Pavneet Singh Uppal […]
Summer is upon us, and you know what that means: soon 2018 planning will begin. Perhaps you’ve been considering providing employees with a total compensation statement. These can be a way of giving employees a more complete picture of the benefits you provide, which may lead them to appreciate you more as their employer. At […]
This week, the HR Daily Advisor’s editorial staff is attending SHRM’s 2017 Annual Conference & Exposition at the Earnest N. Morial Convention Center in New Orleans. Today I attended a session by Mykkah Herner, the Compensation Evangelist at Payscale, entitled Effective Incentive Plan Design. The focus of his talk was on variable pay plans and […]
Employers need to plan for more change affecting their compensation and benefit programs as competition for talent intensifies across global borders and the U.S. Congress continues to take steps toward healthcare reform.
Payroll problems may be the fastest way to send top talent to the exits. According to a new survey from The Workforce Institute at Kronos Incorporated, about half of the American workforce (49%) will begin searching for a new job after experiencing just two issues with their paycheck, an alarming rate that highlights the fragility […]
For a second time, a Philadelphia business group has asked a judge to block the city’s ban on salary history questions, arguing that the law infringes on business’ free speech rights.
With low unemployment comes an increasing risk of turnover—and this makes employers weary in times when the economy is growing but not skyrocketing. Employers today are facing these risks and trying to determine how to keep employees happy and motivated—and keep them from job searching in their spare time. Some employers are opting to provide […]
New York City is the most recent addition to the list of jurisdictions that prohibit employers from asking job applicants about their salary history. The restriction on pay history inquiries is intended to shift an employer’s focus from a history-based offer to a market-based offer.