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Compensation & Benefits

Health care to cost retirees hundreds of thousands

08/16/2022
A 65-year-old couple that retires this year can expect to spend $315,000 on health care alone over the rest of their lives, according to Fidelity Investments’ latest annual Retiree Health Care Cost Estimate.

Employ remote workers? Beware local rules

08/11/2022
Before you hire a new remote worker or authorize current employees to telecommute, always verify the exact physical location where the employee intends to work. Then check to see if any state or local laws will affect the remote-working arrangement.

Employers adjusting comp, perks to meet labor shortage

08/09/2022
Employers are paying employees more, giving increases at more frequent intervals, enhancing workplace flexibility and boosting training opportunities.

60% of employers helping staff manage financial stress

08/09/2022
Six in 10 employers have taken action to help employees weather today’s turbulent economy, according to a July study of 401(k) participants by the Charles Schwab brokerage.

Better benefits emerge as keys to retention

08/09/2022
The number of employees willing to pay for more generous benefits has rebounded following a dip during the pandemic. Those are among the key findings of a recent survey of more than 9,600 U.S. employees by the Willis Towers Watson consulting firm.

Ensure exempt teleworkers are properly classified

08/04/2022
If you have exempt employees who work remotely, be sure they really are exempt. It’s important because it is difficult to track teleworkers’ time. If they have been misclassified, you could violate the Fair Labor Standards Act in two ways: failing to pay overtime and failing to properly track all hours worked.

Ensure loan repayment perks comply with law

08/04/2022
Repaying workers’ student loans is one of the most valued new perks. Those benefits are about to become even more valuable.

Less than half of HR took their allotted PTO

07/28/2022
New research from Qualtrics shows that, due to an increased workload, less than half (49%) of HR professionals took their allotted PTO time last year. But help is on the way.

Counter ‘Big Quit’ with counteroffer strategy

07/28/2022
Surprisingly, more than 90% of organizations don’t have a policy or strategy on how (or whether) to propose counteroffers, according to Tom McMullen, senior partner at consulting firm Korn Ferry.

Tell candidates about relocation incentives

07/28/2022
For decades, state governments have offered tax credits and other subsidies to lure employers to set up shop. It’s a relatively inexpensive way to diversify a state’s economy and create jobs. But recently, the changing nature of the labor market has forced states to switch gears.