Category: Benefits and Compensation

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.

pension

Pension Buyout Transactions Soared to Highest Levels in 30+ Years

Total sales of U.S. single-premium defined benefit (DB) pension buyout products soared above $4.7 billion in the first quarter, the highest pension risk transfer (PRT) sales in that period in more than 30 years, according to data from the LIMRA Secure Retirement Institute. That level is more than triple the value of the previous first-quarter […]

student loan

Student Loan Repayment Programs: The New Workplace Commodity

Although Millennials are most often cited for being slammed with crippling debt, actually, one in five adult Americans carry student loan debt, according to NBC News. This means your company’s newly graduated intern or your vice president could be one of those people.

Northeast Employers Pay the Most for Their Workers

A recent report from the Bureau of Labor Statistics (BLS) examined average hourly compensation rates from March 2019 for private industry employers among the four regions of the United States. The findings show that the Northeast pays the most for its workers. Within the Northeast, New England had the highest costs and the second highest […]

health

Top 5 Ways Employers Control Healthcare Costs

It’s been in the news frequently enough that most of us are at least vaguely aware that healthcare costs have been rising over the last several years. Anyone paying for health insurance is certainly more than vaguely aware of this. While employees are seeing higher deductibles and more expensive premiums, the impact on businesses is […]