Compensation & Benefits

Snapshot: Telemedicine takes off

06/21/2022

Almost all employer-sponsored health plans now cover telemedicine, a dramatic increase since before the pandemic.

Consider adding unlimited PTO to benefits package

06/21/2022

About 20% of U.S. employers offer unlimited paid time off to at least some employees, according to the Mercer consulting firm’s Survey on Absence and Disability Management. With the battle to attract and retain talent raging, now might be a good time to explore adding unlimited PTO to your benefits portfolio.

Heed this $42 million wage-and-hour lesson

06/16/2022

If you are a mid-sized to large employer, making even basic wage-and-hour mistakes can be massively expensive. To make matters worse, the Fair Labor Standards Act authorizes courts to double what’s due to punish employers for mistakes. So do most state wage-and-hour laws.

Inflation effect: Employees expect raises of at least 5%

06/14/2022

Money is more valuable than time these days. When the CareerBuilder job-search board surveyed working adults last month, 66% said they would rather receive a 10% pay raise than an additional week of paid time off.

Survey: Pandemic has had lasting effects on benefits

06/14/2022

The lingering effects of the coronavirus pandemic continue to influence the benefits employers offer, according to the latest annual survey on the topic by the Society for Human Resource Management.

Friday wrap: standard mileage rate, Social Security taxable wage base, more

06/10/2022

Your Friday round-up of payroll-related news

Beware ‘salaries’ that stiff hourly employees

06/02/2022

Most employers comply with the FLSA in a straightforward way by tracking all time worked and calculating each week’s paychecks down to the minute. But every now and then, an employer tries to play fast and loose with the FLSA rules. That usually spells trouble if the Department of Labor finds out.

Benefits get more vital in recruiting, retention

05/26/2022

While pay continues to be the number one reason that Americans decide to remain with or join an employer, people are looking at health and retirement benefits as a more significant factor in recent years. As a result, employers are boosting those benefits to compete.

$5k is a magic salary number

05/26/2022

On average, U.S. employees say a raise of $5,780 would make a difference in their mental and physical health, according to a new survey of 1,100 workers by CouponFollow.

Remind employees: Don’t panic about market losses

05/24/2022

U.S. stocks have lost nearly 20% of their value this year, with the S&P 500 flirting with bear-market territory and the Dow Jones Average down nearly 15%. Employees invested in your retirement plan are undoubtedly nervous.