Compensation & Benefits

Child care costs working parents 27% of household income

06/21/2023

On average, working families spend 27% of their household income on child care, according to Care.com’s 10th annual Cost of Care report. For 59% of parents, the annual cost of child care will top $18,000.

Employers rate health insurance their most important benefit

06/21/2023

Employers consider health-related benefits the most important perks they offer, according to the Society for Human Resource Management’s 2023 Employee Benefits Survey.

Labor market forces driving change in compensation practices

06/12/2023

Employers are shaking up their compensation systems in response to labor-market pressures, according to a new survey by the WorldatWork total rewards association.

Study finds increase in health insurance claims denials

06/05/2023

According to research by the nonprofit Kaiser Family Foundation, even when patients received care from in-network physicians pre-approved by their insurance companies, claims were denied 17% of the time on average in 2021.

No employer-paid health benefits? That’s a deal-breaker for half of Americans

05/30/2023

Nearly half of Americans—48%—would quit their jobs if their employer stopped offering health insurance benefits, according to a new survey by the Assurance brokerage firm.

Help employees get out from under the crushing burden of student-loan debt

05/22/2023

Chances are, your most valuable employees are eager to improve their skills and advance their educations. But many employees hesitate to obtain undergraduate or graduate degrees because higher education is so expensive. Employers can address the fear of incurring student-loan debt by offering to offset at least some educational expenses with a tuition-reimbursement program.

New-to-the-job workers account for more workers’ comp claims

05/22/2023

An employee’s time spent in a particular role and their age were driving factors in the frequency of injuries that resulted in workers’ compensation claims and the cost of those claims. That’s according to a new study by The Traveler Companies, the nation’s largest workers’ comp insurer.

Passive or active? Decide early which open-enrollment strategy fits your organization this year

05/17/2023

As you begin planning for benefits open enrollment this fall, now is the time to address a basic question: Will you allow employees to passively enroll—simply continuing the benefits they chose for this year—or will you require them to proactively select their benefits for the 2024 plan year?

Avoid surprise OT claims with this simple policy

05/08/2023

The Fair Labor Standards Act imposes stiff penalties on employers that cheat employees out of overtime pay. They must pay double what they should have paid in the first place. But there’s a simple way to avoid that liability: Have a policy that makes it easy for employees to report being underpaid. Then promptly investigate if someone reports not receiving the overtime pay they were expecting.

Proposed regs would strengthen HIPAA’s privacy provisions

05/02/2023

Proposed regulations issued April 17 by the Department of Health and Human Services would extend the scope of HIPAA’s privacy protections specifically to women who travel to other states to receive reproductive health-care services where those services are legal and would apply to almost all judicial or administrative proceedings related to this care.