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Although several positive economic developments have occurred recently, from job growth to falling inflation, employees still face various financial challenges, such as wage stagnation, reduced savings, and high debt levels. There has also been a shift in expectations around these challenges; employees increasingly want companies to help them manage and improve their finances. There have […]
In a corporate world where the phrase “time is money” is often taken to heart, a refreshing shift is on the horizon. The latest Workforce Insights Report from BambooHR, a cloud-based HR firm, suggests employees are increasingly prioritizing work/life balance. In January 2024, for example, paid-time-off (PTO) requests hit a 4-year peak, signaling a profound […]
Question: What’s the minimum amount of time we can require exempt employees to use their paid time off (PTO)? Under our benefits policy, a half day (four-hour deductions) for exempt employees is usually OK, and our nonexempt employees can take PTO one hour at a time, but could we require a similar two-hour increment for […]
After several tumultuous years for HR leaders and employees, companies are reassessing how they can maximize their workforces’ well-being. Paid time off (PTO) is a critical part of this process, as it gives employees the space to relax, focus on relationships, and take care of personal responsibilities and needs. This enables employees to come back […]
Starting a small business is an exciting and rewarding experience. However, it also requires a lot of work and preparation to ensure you’re compliant with all laws and regulations. One important aspect of running a small business is creating an effective paid-time-off (PTO) policy for your employees. Choose the Kind of PTO You’ll Provide The […]
One of the keys to developing an effective benefits package is recognizing that employees always have to be treated as unique individuals. This has become even more important in recent years as employees increasingly demand flexibility and companies prioritize diversity, equity, and inclusion (DEI). Generic benefits often fail to meet the needs of diverse workforces, […]