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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.
Benefits and compensation are an integral component of the HR space. They can directly influence retention and employee engagement, as they span the health, financial, and work/life balance spaces. According to SHRM, the top 5 benefits categories that mattered most to employees were health-related, retirement, leave, flexible working, and family-friendly benefits. So, what should HR […]
Employers and HR teams want the best for employees, which is why they invest money and time into designing benefit plans that will meet the needs of workers and their dependents. However, with five different generational groups currently in the workforce – all with very unique needs – it’s becoming increasingly difficult for employers to […]
Much has been said about health care workforce shortages when it comes to physicians, nurses, and other providers. But equally important are the shortages the non-clinical and shared services staff face. Compensation leaders support the optimization of labor resources so clinicians, the organization, and its leaders can run at peak performance. In partnership with HR […]
Imagine the following scenario: An employer issues a physical check to an employee (or another individual). The employee mobile deposits the check into their bank (Bank A). Then, the employee quickly takes the check to a fast-cash check cashing store and deposits the check again. This is known as double presentment. Intuitively, one might think […]
Recently, the National Labor Relations Board (NLRB) issued its final rule on the joint-employer standard under the National Labor Relations Act (NLRA). This new rule, originally set to go into effect December 26, 2023, is essentially a rollback of the NLRB’s 2020 joint-employer rule issued during the Trump administration. On November 16, 2023, however, the […]
Pay equity for women remains an issue for many employers. Among those championing gender pay equity is Megan Rapinoe, an American soccer star who’s set to retire from professional play at the end of the National Women’s Soccer League final this Saturday, November 11, 2023. Rapinoe has been at the forefront of gender pay equity […]
In the modern workplace, each generation brings its unique set of needs and preferences. As we and many other observers have previously explored, the millennial and Gen Z cohorts have their distinct desires. But what about Generation X? The ‘Sandwich’ Phase Currently navigating the “sandwich” phase of life, Gen Xers are juggling responsibilities for their […]
Women in the workforce know about the “motherhood penalty,” or the negative career impact that results from becoming a mom, even if they don’t know it by that name. Those who receive the penalty experience reduced compensation and opportunities for career advancement. There are plenty of statistics that support this. One recent survey found that […]
Work is stressful enough on its own, but for the millions of people who also serve as caregivers for a family member or loved one, work stress is often compounded by the invisible burden of caregiving. And while most caregivers find value in their role, the reality is that as many as 70% of family […]
A convergence of several megatrends has cast a spotlight on employers’ need to be more strategic about recruitment and retention of top talent. One answer is through more robust and personalized benefit packages that are accessible and affordable. A tightening U.S. labor market continues to challenge HR departments and C-suites alike. Mounting frustration over pandemic […]