Millennials employees are no longer a novel concept. As Scott T. Rollin notes in the Minneapolis Star Tribune, they’ve begun to move into middle management and other key employee roles. Coupled with employers’ worries about hiring and retaining qualified workers, the result is a mounting concern about how to compensate key Millennials.
The Pension Benefit Guaranty Corporation (PBGC) Fiscal Year 2017 Annual Report, released on November 16, shows that the deficit in its insurance program for multiemployer plans rose to $65.1 billion at the end of FY 2017, up from $58.8 billion a year earlier.
In the ongoing battle for benefits supremacy, employers are increasingly offering perks that probably never would have even crossed their minds just a decade ago. As with so many changes in the workplace these days, the shift has been prompted by Millennials, who are drawn by more than the bottom-line salary.
The U.S. 3rd Circuit Court of Appeals—which covers Delaware, New Jersey, and Pennsylvania—recently ruled that Lackawanna County’s failure to pay county employees overtime was not “willful” under the Fair Labor Standards Act (FLSA), even though an e-mail from the county acknowledged that it had “wage and hour issues.”
The Massachusetts Appeals Court recently had the chance to review an award of unemployment benefits to a bus driver who didn’t drive kids to school for 3 days during Thanksgiving week. The court’s decision surprised us, and it may surprise you, too.
The 6th Circuit—which covers Kentucky, Michigan, Ohio, and Tennessee—recently heard a claim by an employee who alleged that his pension credits were improperly calculated and did not give him sufficient credit for compensation he received during military leave.
In a new survey, 79% of U.S. workers acknowledge there is a skills gap in the United States. Notably, however, nearly the same percentage (78%) believe they have above average skills for their current job, and 80% think the workforce can be successfully reskilled to meet the demands of the job market. So, why in […]
Does your organization sponsor events for employees to encourage teambuilding? Why or why not?
We all understand the concept of a buyer’s market vs. seller’s market in real estate. Typically, one side or the other has an advantage as the housing market and/or economy shifts over time. The same is true for the workforce.
It isn’t the sexiest benefit on the menu, but life insurance might be the most heroic. Unfortunately, its value is often unappreciated until tragedy strikes.