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.

volunteer

An Employee Volunteer Program Comes With Some Real Benefits

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 […]

Why Would an Employee Decline a Raise?

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?

Just How Transparent Should Pay Transparency Be?

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.

What Is the PCORI; How Does It Affect Employers?

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: […]

Should You Offer Telemedicine as a Benefit?

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.

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.