Tag: Compensation

Ask the Expert: Craft Severance Agreements Carefully with These Factors in Mind

Question: When crafting a severance agreement, should you follow the guidelines of the state the employee resides/works in or the state where the company is incorporated? Answer: Before addressing the specific question about which state’s laws would apply for the enforcement or consideration of a severance agreement, let’s address the importance of such agreements in the […]

How Your Benefits Can Support Your Employees from Stressful “Life Change” Events

It’s been over five decades since the Holmes-Rahe stress scale recognized the impact of life events on a person’s stress level, and the correlation with physical wellness and well-being. Although more recent research has refined the original stress index, it remains uncontroversial that navigating a life event affects every pillar of a person’s well-being (physical, […]

How Leave-Sharing Supports Employees and Builds Workplace Cohesion

Over the past few years, the need for flexible benefits has never been more clear. From a pandemic that overturned many old assumptions about how and where we work to a period of economic uncertainty and volatility today, employees have continually reassessed what they need from employers. This has led HR teams to reconsider how […]

HR Query: CHRO Insights on HR Automation and Employee Retention

Recent research shows that HR professionals spend nearly 8 hours a week on routine, administrative tasks. With the proliferation of AI, barriers to automation are falling rapidly, and HR leaders need to take advantage of automation tools that enhance efficiency and save precious time and resources. While automation can streamline HR operations, it can also […]

Keep Administrative Compensation Competitive with the Latest Data

Administrative professionals (APs) are often considered the glue that keeps an organization running smoothly, making their recruitment and retention critical for businesses across industries. With the job market more competitive than ever before, HR leaders must consider the latest trends in the administrative profession. It is particularly important to stay informed about APs’ evolving compensation, […]

Paternity Leave Gaining Momentum in the Modern Workplace to Drive Business Performance

In the modern landscape of workplace policies and family-friendly benefits, paternity leave has emerged as a transformative, family-friendly tool for business performance. The inclusion of paternity leave in employee benefits packages is increasingly recognized as a strategic move that can drive business growth and success for companies, while recognizing the fundamental role that family plays […]

Homeowner Assistance as an Employee Benefit

Historically, the spring and summer months are the busiest times of year in the real estate market. As the weather warms up, it’s a perfect time for employers to consider offering homeowner assistance as an employee benefit. Homeowner assistance benefits, also known as employer-assisted housing (EAH) programs, are becoming increasingly important for employees as the […]

Putting Earned Wage Access in its Place: A Guide for Employers

In December 2023, the Consumer Financial Protection Bureau (CFPB) announced plans to outline how consumer lending laws interact with earned wage access (EWA) programs. These programs have grown in popularity as a solution for employees living paycheck to paycheck, offering early access to earned wages and, in theory, helping to dodge financial penalties like late […]

Pay Equity and Merit Increases: Optimally Aligning Processes

For many, merit increase season is coming to a close. Often, pay equity related increases are coordinated with the merit cycle. But reviewing pay equity after merit increases are finalized provides opportunities to: While conventional wisdom has long suggested pay equity adjustments should be processed together with merit increases, so that employees focus on the […]

Understanding the New Overtime Rules for Salaried Workers

The Biden administration has recently announced significant changes to overtime eligibility, which are set to broaden the scope of who qualifies among salaried workers. These adjustments may be pivotal for HR professionals and managers, as they will impact numerous aspects of workplace management. Overview of the New Rules Under the new regulations, the salary threshold […]