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Compensation & Benefits

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.

Snapshot: We tend to retire sooner than we expected

07/26/2022
Americans consistently retire at younger ages than they planned to.

Average pregnancy costs $19K, C-sections more

07/26/2022
Health costs associated with pregnancy, childbirth and post-partum care average a total of $18,865 and the average out-of-pocket payments total $2,854 for women enrolled in large group plans, according to a July analysis by the Kaiser Family Foundation.

Tight labor market to drive higher pay in 2023

07/26/2022
Salary budgets for U.S. employees are projected to increase in 2023, mainly influenced by a labor market with more open jobs than people to fill them.

Consider trading telework for lower pay

07/26/2022
Asking employees to take a pay cut in exchange for the flexibility of working remotely could help you attract and retain workers while also reducing payroll costs. It’s a trend that is gathering steam according to a recent report by the National Bureau of Economic Research.

Biden’s White House will be first to pay its interns

07/19/2022
To determine if interns should be paid, the Department of Labor and the courts have used a primary-beneficiary test, which looks at who benefits most—the employer or the intern.

Friday wrap: The ghosts of pandemic relief rise again, DOL wants to know about long covid and more

07/15/2022
Payroll news you can use, from pandemic relief repayment to long covid—to working for the IRS!

Survey: HR pros concerned about effects of inflation

07/14/2022
Inflation and its effect on employees and their organizations’ compensation strategies is a significant concern for 73% of HR professionals polled earlier this month by the Society for Human Resource Management.

Consistent participation key to retirement fund growth

07/13/2022
Remind employees that the recent stock market downturn isn’t a sign to curtail investing in their retirement funds. Smart investors take the long view, confident that markets rebound and lead to wealth growth.