When thinking about the benefits at any given company that prospective employees evaluate, varied items like vacation days, 401(k) plans, and gym memberships spring to mind. Of course, there’s a weight to many of these perks: Vacations last at least a certain number of days; gym memberships can go on for years; and 401(k) plans […]
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.
Employees are often the primary focus of workplace well-being initiatives, and with good reason. It’s the employee whose health has the most visible effect on corporate success. But the people who come in to work each day aren’t the only ones whose health is impacted by well-being efforts, and they’re not the only ones whose […]
Benefit strategies have undergone a lot of changes since the economic recession of 2008. That’s why Gallagher asked 4,155 organizations how they handle their overall benefit strategy. Its 2019 Benefits Strategy & Benchmarking Survey can help you understand how you stack up against other organizations when it comes to optimizing the packaging and branding of […]
The talent shortage has claimed another victim: the banking industry. Turnover continues to increase and retaining and recruiting talent are major considerations banks have to take into consideration. One way for banks to stand out in the war for talent is to offer more pay as a means to attract talent, finds new survey data. […]
Has your organization started offering on-demand pay as an employee benefit? On-demand pay is exactly what it sounds like—a way for employers to give employees access to their pay on demand instead of waiting for the standard payday. On-demand pay is often implemented through a third-party app, coordinated by a payroll provider, to give employees […]
A recent report from Mercer aimed to understand the state of salary budget increases for 2019 as well as projections for 2020. A comparison with the same report from previous years showed similar findings: low to moderate wage growth. I recently spoke with Mary Ann Sardone, U.S. Talent Solutions Leader at Mercer, to explain the […]
What are your employees getting from your health benefits? If they are anything like the respondents in a recent study about employee health benefits, they are almost certainly not making the most of them.
Does your organization offer relocation assistance for employees? Many employers have opted to do so, especially in a tight labor market where some positions are difficult to fill in a specific geographic location.
Perhaps you’ve heard talk of the looming recession. A prediction of the future, however, is less than reliable, especially when talking about something with as many moving parts as the economy. But in the event that the doomsayers are right, HR might want to take a few steps to mitigate such dangers.
Connecticut’s minimum wage will increase on October 1 as the state begins a series of hikes that will eventually make the state’s minimum $15 an hour.