Time to update your systems: SSA has announced the 2025 Social Security taxable wage base. Next year’s number will increase to $176,100 – that’s $7,500 more than the current amount of $168,600. So, the official projection released earlier this year ($174,900) was slightly low, although not too far off. The Social Security tax, as set…
Open enrollment means one thing for HR pros: Your inbox and voicemail will be full of questions, and employees will be knocking on your door to get their questions answered. They’re confused before it even starts. And they need your help. The best way to help: Know what employees most often misunderstand about open enrollment and address…
Recent grads carrying student loan debt may not think retirement plan participation is doable for them. But if you offer a student loan payment matching program, that’s good news for their wallets and your plan participation rate. Thanks to the Secure 2.0 Act, employees can make payments toward their student loans and have them be…
Insurance and benefits are a complex and ever-changing landscape. It’s important to review your coverage regularly to ensure you’re getting the best value for your money, but it’s also important to make sure you are remaining a competitive employer. Most companies may change carriers or benefits they offer, but they really should also entertain other…
Today’s economic conditions have placed most working Americans in a tight spot unlike anything since the Great Depression. And it’s made savings – especially long-term savings like retirement – less and less of a priority, putting many in a retirement savings crisis. Most Americans acknowledge that they need to save a large sum, saying they’ll…
Employees expect and need more from the organizations they work at to stay engaged, satisfied and present. However, most organizations don’t have a magical budget that scales with employees’ wants. Instead, it’s on business leaders to come up with effective and rewarding ways to improve the employee experience without breaking the bank. Enter Lifestyle Spending…
With open enrollment season not far off, you may be considering enhancements to your organization’s benefits strategy to make your offerings more appealing to current and prospective employees. Amy Spurling, the founder and CEO of perk management software company Compt, discussed some ways to leverage personalized benefits to differentiate your company as an employer of…
Word to the wise: If your company’s ready to embrace the unlimited PTO trend, you’ll want to make sure you get it right. A court decision from California provides important guidance. A nonprofit claimed it provided that perk, so former employees’ claims for a payout under California law for unused vacation time must fail….
In the past, it was commonplace for employers to give workers a set amount of vacation days that typically increased with tenure. However, the past few years have seen a lot of changes in the workplace, from remote work to flexible scheduling, and paid time off (PTO) is not exempt from the changes. Now, some…
