Does your organization offer some type of employee volunteering program? Some employers allow employees to take extra paid-time-off (PTO) days—beyond the standard allotment—when those days are used in a volunteer or community involvement capacity. Other organizations create entire volunteering programs—often partnered with specific nonprofits or local community organizations—for their employees to participate in. Although there […]
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.
Earlier this year, we surveyed subscribers to get a pulse on their recruiting strategies in this tight labor market. One question we asked was: Is your organization open to negotiating salary for initial job offers?
The Society for Human Resource Management (SHRM) recently published an article discussing the legal ramifications of an employee turning down a raise from his or her employer, and it brought up a very perplexing question: Why would an employee turn down an increase in pay?
A recent study by Mercer titled “2019 Global Talent Trends Study” found a large gap between employees’ and HR’s understanding of how many employees would leave for better pay. The study raises important questions about pay transparency.
PCORI stands for the Patient-Centered Outcomes Research Institute. This institute came about as part of legislative healthcare reform: the Affordable Care Act (ACA). PCORI fees that were part of this legislation are intended to fund the institute for a set time frame. According to a Society for Human Resource Management (SHRM) article on the topic: […]
Employers looking to differentiate their benefit offerings are often searching for the latest trends in benefits for employees. One such trend is to offer telemedicine as a component of an overall healthcare benefit package.
Three lawsuits against corporate retirement benefit plans involving the Employee Retirement Income Security Act (ERISA) have been, and a fourth may be, granted certiorari by the U.S. Supreme Court for its next term, a relatively large concentration of these cases in the High Court’s recent history of hearing ERISA matters.
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 […]
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.
Among the many challenges a plan sponsor faces is keeping plan operations current with operational requirements. Some requirements are mandatory for all plans, and others are required as a result of discretionary changes made by an individual employer plan to take advantage of legislative and regulatory changes.