Tag: Compensation

HSAs Are Evolving: Here’s What to Know Beyond the Basics

Medical care is very personal, and so are the expenses that go along with it. Many eligible individuals choose to manage their medical care costs with a health savings account (HSA). According to the Consumer Financial Protection Bureau, there were approximately 36 million HSAs active in 2023, and these accounts collectively held more than $116 […]

The Positive Impact of Family-Forming Benefits on Employees and Employers

Companies are increasingly recognizing the importance of offering comprehensive health benefits, including family-forming solutions such as in vitro fertilization (IVF). Integrating family-forming benefits, such as IVF support, into employee health plans is a strategic initiative that offers significant advantages. These benefits alleviate financial burdens, boost employee retention, and enhance workplace productivity, providing substantial value to […]

The Rise of Quiet Vacationing: How Managers Can Encourage PTO Without Losing Productivity

In the modern workplace, the concept of “quiet quitting” has taken on a new form: “quiet vacationing.” A recent Harris Poll highlights that more than half of Gen Z and millennials quietly took time off without formally requesting PTO during the July Fourth holiday week. As this trend gains traction, it’s clear that employees are […]

Doubling Down on Care in Cost-Constrained Times

Human resource decision makers are facing an array of challenges as the strained U.S. macroenvironment increasingly weighs on the financial, physical, and mental health of today’s workforce. Consequently, HR departments must balance an important need to deliver heightened care for their employees while also managing potential cost constraints for their businesses. MetLife’s latest research found […]

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 […]