Tag: compensation

August 23, 2023

Workers’ compensation premiums are typically based on estimates of your company’s payroll and employee data (i.e., job classifications), or projected gross sales over the course of your policy term. When an insurer conducts a premium audit, they’re trying to calculate […]

August 22, 2023

Within a company’s overall DEI strategy, equity may be the missing link, particularly in three main areas — compensation, advancement opportunities and educational requirements — according to the 2023 Equity in Hiring Research Report from HireVue. Only half of employees […]

July 11, 2023

The Pregnant Workers Fairness Act (PWFA), which was signed into law in late 2022 and went into effect June 27, 2023, requires employers to provide “reasonable accommodations” for an employee’s known limitations related to pregnancy, childbirth, or related medical conditions, […]

June 16, 2023

Juneteenth, the federal holiday commemorating the end of slavery in the U.S., is an annual reminder of our collective journey toward equality. The commemoration offers a moment for organizations to reflect on the progress that has been made toward racial […]

June 6, 2023

Today’s macroeconomic backdrop is leading candidates to seek employers that truly care about them as people, are willing to invest in their future, and don’t treat them as disposable. This is especially true for recent college graduates, who fill a […]

May 26, 2023

In today’s work environment, U.S. employees are experiencing increasing levels of stress and burnout due to longer workweeks, the labor shortage, the return of time-consuming commutes, increased responsibilities post-COVID and other similar issues that can impact mental and physical health. […]

May 24, 2023

Environmental, social and governance (ESG) has become a cornerstone of corporate attitudes. Throughout the last decade, companies have ramped up their sustainability initiatives and concentrated on creating diverse and equitable teams. However, employee well-being tends to get overlooked. Following nearly […]

May 19, 2023

A quick SECURE Act 2.0 summary is nearly impossible to give. Like the original 2019 SECURE Act, the goal of the update was to increase the number of companies offering retirement plans and to increase employees’ participation in those plans. […]

May 10, 2023

Everyone’s talking about junk fees these days. Even the president called them out in his State of the Union Address. One of the worst offenders is the banking industry, which makes money from overdraft, bounced check, and credit card fees. […]

May 9, 2023

Compensation is one of today’s hottest HR topics, as pay transparency laws, inflation, and talent shortages impact employers nationwide. Lisa Shuster from iHire, explains how to offer competitive, equitable salaries while proactively preventing pay compression. What recession? A recent iHire […]

March 31, 2023

This month’s Silicon Valley Bank (SVB) crisis has quickly become the second-largest bank failure in US history. With business leaders having haunting flashbacks to the 2008 financial crisis, the collapse of SVB was undoubtedly alarming and confusing as everyone moved […]

March 30, 2023

Family-building benefits were once synonymous with essential but limited parental offerings like maternity leave. But modern families have grown and changed significantly over the past few decades. In addition to maternity leave solutions, top employees are now requesting benefits like […]

March 30, 2023

The cost of childbirth in the United States is rising – leaving many patients with overwhelming out-of-pocket expenses for even traditional deliveries with zero complications. Additionally, depending on which state the birth takes place in, the cost of childbirth can […]

March 30, 2023

Francisco Martinez-Garcia has served in the HR industry for more than two decades. He spent 16 years at Colgate Palmolive working in benefits and compensation and, in 2019, was tapped as Head of Global Compensation at Moody’s Corporation – a […]

March 22, 2023

California has taken a bold step towards pay equality and fairness with the recent implementation of Senate Bill 1162. This dynamic piece of legislation, which has been dubbed a victory for employees, is set to shake up the employment landscape […]

March 13, 2023

We’ve all heard about the “Great Resignation” triggered by the post-COVID environment. Workers are deciding to voluntarily exit the workplace in search of other options. Separately, we have seen the news about a possible economic recession in the near future […]

February 28, 2023

“Permacrisis,” Collins Dictionary’s 2022 word of the year, is defined as “an extended period of instability and insecurity” and captures what many business leaders are feeling given the still-high inflation rate, rising interest rates to combat inflation, and forecasts of […]

February 10, 2023

With the tight labor market impacting the country for the past couple of years, it’s not uncommon to see signs advertising job openings along with the starting pay and even sign-on bonuses. Despite the increased prevalence of such job ads, […]

February 9, 2023

According to new data from Conduent, 43% of eligible employees don’t participate in a health savings accounts (HSA). 57% of those who make an HSA contribution don’t capture the full benefit, with an average contribution of less than $500, which […]

January 26, 2023

It’s no longer news that companies worldwide continue to grapple with unprecedented labor shortages. Under such challenging economic conditions, it might seem wise to reduce or eliminate employee benefits as a cost-saving measure. However, that’s merely a short-term “fix” that […]