The holidays are here and it’s time to start thinking about end-of-year celebrations and rewards like holiday gifts. Many companies are accustomed to giving a small gift to employees during this season as an appreciation of employees’ hard work and dedication. Between recession fears, hiring freezes, quiet quitting and layoffs, employees have been through a…
How is the economic uncertainty affecting employers and their workers? Since it’s open enrollment time, let’s talk about workers first. One big way economic uncertainty is affecting your employees is they’re hesitant to contribute as much as they did this year – or more – to their consumer-driven health (CDH) accounts, like health savings accounts…
One of the demands placed on human resources professionals who manage employer-sponsored retirement plans is keeping in stride with employee expectations and desires. These two elements are anything but static, changing as generational and consumer tastes evolve. Moreover, an HR director must have their finger on the pulse so that future employee interests are met…
On Sept. 27, California Governor Gavin Newsom signed a game-changing pay transparency bill into law. The law will require pay ranges in job ads for employers with 15 employees or more who are based or hiring in California. In addition, the law is the first to require employers with 100 employees or more to report…
Think back to your first job out of school. How long did you plan to be there when you started? How long did you keep it? What did you get out of it? Did you get career coaching or help to achieve your college degree? Why are we asking all these questions? To get employers…
It’s time for companies to dust off their outplacement services offerings and give them a good once-over to make sure they have what employees might need in the case of a reduction in force (RIF). Because as salaries climb to win the war on talent and the economy stares down a likely recession, companies are…
On July 28, an independent study from the National Academies of Sciences, Engineering, and Medicine (National Academies) concluded that the U.S. Equal Employment Opportunity Commission (EEOC)’s first-time collection of pay data “may be used effectively” to help identify and combat pay discrimination. The report, commissioned through a unanimous vote by the EEOC in 2020, analyzed…
Inflation is hitting the workforce hard. But Chief Financial Officers (CFOs) and Chief Executive Officers (CEOs) aren’t reacting by raising all salaries even during the Great Resignation. A June 2022 Gartner survey found that out of the 130 CFOs and CEOs surveyed 28% plan to give all employees a raise in response to inflation. But…
As with every other business cost, the minimum wages are adjusting up in 2022. Across the nation, 30 states and 46 localities have adopted a minimum higher than the federal wage. Of these, 18 states and D.C. have indexed their wage for inflation and automatically adjust each year. California is one of them, with a…
