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More companies are adding at least one pay equity audit to their annual planning. Society for Human Resource Management (SHRM) research from 2021 shows that 58% of organizations have reviewed their pay structures and decisions, with enterprise-level businesses taking the lead. More than 8 out of 10 said they adjust salaries to account for inequities. These statistics […]
Covered federal contractors have been tasked by the federal government with preventing disparities in pay for their employees based on race, gender, and ethnicity. To prevent such disparities, the Office of Federal Contract Compliance Programs (OFCCP) under the U.S. Department of Labor (DOL) requires federal contractors to annually conduct an in-depth compensation analysis.
Many of us have worked in a workplace that didn’t talk openly about pay. Employees didn’t want to disclose their salaries for fear their peers would think they were over- or underpaid, and employers were more than happy to keep quiet. (Some even issued gag orders.) All that is changing—fast. New laws from bellwether states […]
Many companies have weathered the impacts of inflation on the cost of their production inputs by simply passing such costs on to consumers; however, as central banks, led by the U.S. Federal Reserve, continue to raise interest rates, consumer spending is likely to decrease, hampering employers’ ability to pass along costs. One of the biggest […]
Ginni Lisk, VP of People Strategy at ScreenCloud, has more than a decade of experience helping companies to achieve business outcomes through scalable and effective people and culture practices. Lisk has worked “in various guises of HR,” but shared with HR Daily Advisor that the thread that runs through her impressive career is a motivation […]
It is that time of year again—time to plan for and implement annual open enrollment processes. At least it is that time for the typical group health plans that operate on a calendar-year basis. For most plans, this means it is time to reprint plan-related material such as enrollment forms (electronic or otherwise), summary plan […]
Amy Roy, Chief People Officer at HR technology company Namely, has more than 20 years of experience in the HR Technology space. She has also held roles in sales, marketing, and process improvement and Roy’s passion for improving the employee experience continues to direct her footsteps. We recently connected with Roy to discuss how she […]
For employees, open season brings an opportunity to select a new healthcare plan that meets their needs. Unless they have the right information to evaluate their choices, however, they could end up with a plan that offers more headaches than health care. Many people make their decision based on the cost of premiums alone, but […]
Though the Great Resignation is in full swing, hiring rates are greater than quit rates since November 2020 as workers seek greater well-being in their careers. As such, the U.S. Chamber of Commerce suggested the workforce is experiencing a “Great Reshuffle” instead. Unfulfillment at work is linked to the overall work environment, but changing the […]
More and more, employers are offering family-building benefits with much more than just parental leave as part of their core compensation packages. In fact, these benefits are integral to attracting and retaining diverse talent, including heterosexual and same-sex couples, as well as single-intended parents, and to attracting top candidates across all industries. Increasingly, a benefits […]