Tag: benefits

Using Real Market Returns for Interest Crediting Reduces Cash Balance Plans’ Volatility, Study Finds

A shift to using real market returns for interest crediting in defined benefit (DB) plans’ cash balance (CB) features is lessening volatility and making the supplementary retirement accounts more appealing to plan sponsors—especially because this type of formula is more responsive to changing market conditions, according to a recent study.

More Ways to Increase Offer Acceptance

In yesterday’s Advisor, we talked about how frustrating it is to get all the way through the recruiting process and finally find a good candidate, only to have the job offer be rejected. We outlined a few options for improving offer acceptance rates, and today we’re continuing with that list.

How Can Employers Improve Offer Acceptance Rates?

In this job market, employers are finding it tough to fill vacancies. There are fewer candidates for each role, and candidates often have more than one job offer to weigh. Some employers are finding that they’re making offers only to have these offers rejected—meaning they’ve got to keep searching for candidates.

Recognizing and Aiding the Underemployed

Many people work multiple hourly, part-time jobs but still can’t afford their full-time bills. While these employees are hardworking, they often struggle financially because of unstable hours and low hourly wages. This group of people falls into the category of the underemployed. According to the Bureau of Labor Statistics, 8% of all American workers, hourly […]

Employers Cannot Afford Inadequate Perks Says Study

A recent survey conducted by Ranstad US explored what workers think about and want from benefits in the workplace. The results showed a staggering majority (94%) want assurances that their benefits will have a real impact on their quality of life. That includes benefits that address student loan debt, work/life balance, and flexibility in general.

Do You Know about Green Benefits?

Does your organization offer “green” benefits? Green benefits are benefits that are environmentally friendly in some way. Employers may want to offer green benefits for several different reasons. First, they may be in alignment with company goals and values. Next, they may be a great way to recruit individuals who value the environment and sustainability. […]

Get the Most out of Inclusive Paternity Leave

There is only one developed nation without some sort of federally mandated paternity leave and it’s the United States. Even when paternity leave is available, it’s usually for only a few weeks and does not come with a full rate of pay or other benefits.

Minimum Wage Hike and Paid Leave Program Coming to Massachusetts

A new law will soon take effect in Massachusetts, where employees will be eligible for paid family and medical leave and will also see an increase in the minimum wage. Governor Charlie Baker signed the bill on June 28, which will require all private employers in the state to offer paid family and medical leave […]