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.

How salaried employees don't always get the long end of the stick when it comes to compensation.

Do you know how much businesses similar to yours are paying their cashiers or how much they spend on workers’ health insurance?

A group of Tesla workers on Monday asked the electric-car maker’s board to provide a plan to address employee safety and information on pay and promotion.

America’s largest companies are on pace to post two consecutive quarters of double-digit profit growth for the first time since 2011….Earnings at S&P 500 companies are expected to rise 11% in the second quarter, according to data from Thomson Reuters, following a 15% increase in the first quarter.

When applying for a job, one of the biggest things potential employees look for is a healthy benefits package, which includes vacation time, holidays, paid sick leave, paid personal time off, some retirement options, and health insurance.

The reality is that most small-business owners do not save a lot, as their wealth is often wrapped up in their business. They focus on putting the earnings back into the business to ensure growth. Once the business becomes profitable, small-business owners need to consider developing a retirement plan.

Knowing your workforce demographic -- including what they appreciate and need -- is vital to recruiting and retaining talent across a workplace that can now employ up to five generations.

Caregiving benefits growing in popularity

Paid leave continues to be a hot topic among employers. As large companies like Netflix and municipalities such as Nashville have strengthened their family leave benefits, caregiving perks also rank high on workers’ must-have list of benefits.

Although voluntary products are becoming more prevalent in the market as employees shoulder more of their healthcare costs, a group of product experts warned not to offer too many elective benefits at once, as doing so overwhelms those making the purchasing decision.

It’s no longer practical to hold meetings where the HR team goes through open enrollment options and takes questions from the group at large – meetings like that are costly and time consuming. But what are companies to do instead? As HR Dive summarizes the preparation plight, “Planning and designing communication plans [is] employers’ biggest stumbling block.”

Ben Steverman of Bloomberg reports that “Employers cut their contributions to workers' retirements by a quarter from 2001 to 2015…The biggest driver: the decline of traditional defined-benefit pensions, replaced by stingier, 401(k)-style, defined-contribution plans.”

SAN FRANCISCO — In an effort to tackle recommendations aimed at refurbishing its corporate image after a season of scandal, Uber is boosting the pay of its employees and guaranteeing pay equity between the sexes and across races.

If you want to keep top-performing employees, you need to pay them well and what they are worth. Accurately paying an employee will make the employee stay loyal to you and not jump ship to a major competitor with open arms who will compensate them like you should have done. Companies that pay their employees well and explain their compensation plans with employee communication videos attract dedicated people who want to be a part of your team.

A judge has ordered Google to hand over employee records to federal investigators probing the alleged gender pay gap at the Internet giant.

Employee compensation factors to consider

Payroll budgets need to include direct wage and salary payments, commissions, bonuses, incentives, payroll taxes and insurance, along with any other directly related costs the business incurs in the payroll function.

In today’s war for talent, the number on the paycheck is just one of many aspects prospective employees consider when deciding where to work. Millennials are largely driving this shift, as they look for work/life balance and a socially conscious corporate culture.

Identity theft protection's popularity with employees — and utility for employers — make it easier to convince clients that it’s a must-have in their voluntary benefits lineup.

Nigeria Social Insurance Trust Fund (NSITF) has said that evidence of compliance with the Employees Compensation Scheme (ECS) will now form part of requirements for bidding process for Federal Government contracts.

News reports have abounded for over a year that Twitter (TWTR, +0.22%) should be for sale, and that several bidders have been exploring a buy. As one of the iconic presences on the Internet, it would be sensible and more financially efficient if Twitter’s employees, executives, and several hundred million customers bought the company, an idea that was presented during Twitter’s shareholder meeting in May.

Benefits enrollment preparations at a standstill

Employers with benefit start dates in the first quarter of 2018 are spinning their wheels when it comes to their open enrollment preparations.

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