Employee Benefits & Compensation Articles
Retaining and attracting the best employees means offering more than competitive salaries. Thoughtful and useful benefits packages set up employees and your business for success. Just make sure you build communications systems that make it easy for your employees to sign up.
Under the Tax Cuts and Jobs Act, employers may continue to provide transportation plans that enable employees to pay for certain benefits on a pre-tax basis — up to $260 per month for parking, transit or vanpooling — but employers will no longer be able to deduct the expense of any subsidy for these fringe benefits unless the expense is necessary for employee safety.
Employee benefits provider Personal Group has revamped its benefits package for its 250 UK-based employees.
Health insurer Humana said it will be raising the hourly minimum wage for all of its employees as a result of the GOP tax bill.
More personalised rewards and niche skills training is what will attract and retain employees.
There has been a shift of considerable proportion in the workforce, as millennials are eclipsing Baby Boomers and Gen X. Many things are changing in the workplace, including benefits packages and incentives. As every one person out of three currently working is a millennial, their wants – especially relating to the “goodies” beyond standard employee compensation that an employee reaps from a company – must be considered.
Employers too have many opportunities for betterment in the New Year. In the area of employee benefits, we offer these four goals for 2018.
Workers want more. That’s a statistical reality; workers across age groups still cite higher pay as a top motivation to move from job to job. And yet, as the concept of work takes on an increasingly more non-traditional form and demographic trends shift toward an unprecedented, five-generation workforce, employers’ thinking often sticks to the same script when it comes to employment perks beyond cash.
Demonstrators from various Ontario labour unions turned out to Tim Hortons locations on Wednesday in an effort to pressure franchises to reverse cuts to employee benefits implemented in response to the province's minimum wage increase.
Recently, the US Department of Labor (DOL) announced that it will adhere to a new test for determining whether interns qualify as employees under the Fair Labor Standards Act (FLSA). The FLSA requires for-profit employers to pay "employees" for their work; however, whether interns or students qualify as "employees," and, thus, are entitled to compensation for services provided, has been the subject of considerable litigation
How to market your office culture as an attraction for new employees
While demand for top flight cyber talent is hotter than ever, top line recruitment is often hindered by outdated and uninspired compensation planning. Let’s go inside the latest report findings from cybersecurity search firm CyberSN.
Benefits communications can be overwhelming and difficult for workers to understand. Benefits Open Enrollments may be a stressful and dreaded experience for some employees. As a result, they give their employers low marks when it comes to communicating benefit communications and open enrollment.
As employers continue to battle healthcare costs, many are changing to consumer-driven plans, such as health savings and health reimbursement accounts. For the shift to be successful, employees must understand it is more than shifting costs on to them.
The climb toward a $15 minimum wage in Minneapolis begins Jan. 1, when workers at the city’s largest employers will start earning no less than $10 an hour.
It’s the week between Christmas and New Year’s and everyone wants and needs time off. How can we manage vacation time off and workloads to make the holiday times pleasant for all?
Fifth Third Bancorp announced plans today to raise its minimum hourly wage for all employees to $15, and distribute a one-time bonus of $1,000 for more than 13,500 employees.
The drastic pay disparity between Catt Sadler and her E! News co-host Jason Kennedy — who she learned was making “double” her salary for “several years” — is the result of a “cultural norm,” according to a human resources expert.
Are your employees satisfied with your company’s benefits? A 2016 SHRM study found that while three-quarters of HR professionals believe employees are happy with benefit offerings, only 27% of employees reported high satisfaction.