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.
A new benchmark study by Employee Benefit Adviser (EBA) found that employers with open enrollment dates in 2018's first quarter are seriously underprepared.
It’s hard enough getting employees to save for their retirement. It’s even harder to get them to think about how much they need to save for medical expenses in retirement.
There is a new wave of companies that have found a new way to support employees and help them achieve financial responsibility without necessarily giving up their unicorn toast: an employee emergency fund.
Washington has passed a bill to introduce a new paid family and medical leave benefit for employees based in the US state.
Technology organisation Microsoft has launched a paid family caregiver benefit for its employees worldwide. The new benefit allows employees to take up to four weeks of fully-paid leave in order to care for an immediate family member with a serious health condition.
Clothing retailer Patagonia offers a host of enviable employee perks: It encourages employees to work flexible hours, has an onsite employee café and free yoga classes, and famously allows employees to head out of the office during the workday “when the waves are good and the winds are right.”
EXCLUSIVE: Just 9% of employer respondents do not offer any benefits through a salary sacrifice arrangement, according to research by Employee Benefits and Staffcare.
The vast majority of contingent or independent workers in the U.S. do not receive employee benefits, though some companies and lawmakers are trying to change that.
Employees often try to negotiate with their employers arrangements that take into account their individual needs—such as asking for more-flexible work hours, a reduced workload, more pay or special training. T
The top job markets in the United States in terms of salary, employee compensation, employee retention, and onboarding efforts are the ones the demand the highest training. There’s a reason why these positions are highly sought-after and difficult to get into. If you make your company a privilege to work for, you’ll have huge competition for each position available.
Less than a third (30%) of private sector employee respondents do not know if they are paid or rewarded equally in relation to their colleagues, compared to 17% of public sector employee respondents, according to research by professional services organisation Badenoch and Clark.
The state budget committee voted unanimously Thursday to reject Gov. Scott Walker's proposal to move about 250,000 state workers to a self-insurance system.
National "Take Your Dog to Work Day" is slated for Friday, June 23. While not all companies allow furry four-legged friends in the workplace, nearly half of all Fortune 500 companies offer pet insurance as a voluntary benefit, making it available to millions of employees throughout the U.S.
The education committees of the Michigan Senate and House on Wednesday approved identical revised pension reform bills that would create a new defined contribution plan and a new hybrid pension plan for public school employees.
Every business wants to avoid finding itself inundated with lawsuits due to a preventable failure of compliance. Unfortunately, ignorance is not a defense that will hold up in court. Whether a business breaks compliance with a law intentionally or accidentally, they will still be held accountable for their actions. The best way to avoid ending up on the wrong side of a subpoena is education, and following proper procedures for example workers compensation laws.
It doesn’t take a genius or a Harvard psychology study to know that high employee compensation makes for happier employees. It’s like studying the effect of mutually beneficial relationships on our overall happiness. Small businesses are often faced with a choice to provide their employees with top compensation packages from the start, or relying on more employees working for lower wages. Given enough time, companies with higher compensation packages are more successful.