Compensation & Benefits

Your Millennials Will Thank You For Offering Pet Insurance

Picture every employee in your organization under the age of 35. Now, picture replacing two-thirds of them over the next four years or so. Ouch. This is the enduring reality employers are likely to face, since millennials now represent the workforce’s largest generational cohort and could account for 75% of working people by…

Hiring a CEO? The Data Behind What Makes a Great One

CEOs are measured on everything. Company earnings, culture, leadership, employee retention, business trajectory, and so on. It’s no wonder the corporate executive role is ranked No. 7 on Forbes’ list of the 10 Most Stressful Jobs for 2016. But what leadership qualities actually make up a great CEO, and what defines great in…

How a Corporate Volunteering Program Benefits Everyone

Research consistently shows that employees are the happiest and most likely to stay at companies that are innovative, align with personal values, offer opportunities for growth and development, cultivate and encourage collaboration and teamwork, and foster an environment where employees feel inspired and play an integral role in making a positive impact in…

Special Handling May Be Required For Your Younger Workers Affected by the OT Rules

Under new overtime regulations set to become law on December 1st, approximately 4.2 million salaried employees will be reclassified as nonexempt employees with set work hours. The new law may cause a backlash with our youngest workers, since less workplace autonomy runs counter to so much of what they strive for at work….

How to Link Pay to Performance When You’ve Eliminated Reviews

Performance management is definitely undergoing a midlife crisis; it’s time for it to reinvent itself. For the past few HR and compensation conferences I’ve attended, the question has been heavy in the air: what are you doing about your performance process? Most agree that the processes are slow and cumbersome, out of date, ineffective, broken….

Selling Your Comp Plan the FAB Way

How are great salespeople able to seamlessly turn every one of your concerns into a demonstration of the prowess of their product? Are they really just that convincing or is there some type of method to their success? The best salespeople personalize every discussion. The trick is years of practicing a simple process…

Your Mobile Workers Are Putting Your Company At Risk

The corporate breaches that make the biggest headlines are targeted attacks carried out by skilled hackers. But while external cyberattacks pose a big risk to businesses, it’s easy for company leaders to overlook another potent threat: their employees. Through bad security habits and a lack of basic cybersecurity hygiene, employees routinely put their…

Here’s How You Can Make Open Enrollment Great This Year

After months of planning and building your benefits package, open enrollment is finally right around the corner. Now, how do you ensure your employees are paying attention and participating? One of the most effective ways to maximize engagement is to limit the confusion and hesitation employees feel around open enrollment. Start by arming…

4 Pro-Employee Trends That Are Picking Up Steam

Declaring that “The pro-employee tide is rising,” a report out this morning identifies four developments in regulations and compliance that if they don’t yet affect your workforce, they soon may. New overtime regs, the push for a $15 minimum wage, paid leave, and “ban the box,” are the leading pro-employee trends, says the…

How To Use Health Data to Make Smarter Health Plan Decisions

Editor’s note: Integrate technology with your wellness program to both inspire participation and motivate workers. As an additional benefit, you’ll be able to collect even more data. See this related article The Right Way to Use Tech in Your Wellness Program. Many organizations collect data about how employees use their benefit plans, but…

The Right Way to Use Tech in Your Wellness Program

Editor’s note: Collecting and analyzing health data can help you make better decisions when it comes to selecting benefits plans and programs, especially healthcare programs. How to do this is explained in this related article How to Use Health Data to Make Smarter Health Plan Decisions. Tech is taking over health and well-being…

Some Simple Steps “Traditional” Employers Can Take to Modernize Their Pay Practices

At PayScale, we strive to help all kinds of organizations embrace modern compensation practices to engage their workforce and drive results. Even employers that think of themselves as more “traditional” than “modern” can take a few steps in this direction, and the good news is that you don’t necessarily have to spend a…

The 3 Biggest Compliance Worries You Should Be Worrying About

I came across Littler Mendelson’s Executive Employer Survey Report, which “examines the legal, economic and social issues having the greatest impact on the workplace, based on survey responses from 844 in-house counsel, human resources professionals and C-suite executives from a range of industries.” What has respondents losing sleep at night? From the executive…

The Summertime Livin’ May be Easy But Not So At Work

Summer presents the opportunity for more family time, beach days, and flexible work hours. However, the prospect of leaving early on a Friday or having the kids at home doesn’t always translate into relaxation. A recent survey of my company’s  30,000 working members in the U.S. sheds light on this issue, uncovering a…

New Jobs Up By 287,000 In June

Non-farm jobs jumped by a surprisingly robust 287,000 in June, exceeding all but the most optimistic expectations. It was the second-largest jobs increase in a year and follows a month where new jobs grew by a paltry 11,000, down from an initial report of 38,000. This morning’s report from the U.S. Bureau of…

3 Ways Technology Can Improve Your Benefits Delivery

It’s no secret that a positive workplace culture plays a critical role in driving employee engagement and retention. In many ways, it’s the linchpin to sustainable business growth. A strong business idea, however innovative, can’t build to scale alone. People are the foundation of success; an extension of a company’s brand promise. Many…