Compensation & Benefits

Cap To Rise on Flexible Spending Accounts, But Late For Open Enrollment

Health flexible spending accounts (FSAs) are a very valuable benefit to many employees, especially as employers have increased employee cost sharing with higher deductibles, coinsurance and co-payments. Employees can use the FSA to reimburse those out-of-pocket costs on a tax-favored basis. Employees also find FSAs valuable in helping to pay the costs of…

You’ll Be Better Off Talking to Them About Pay

It’s time to bring compensation into the modern era. Companies are successful when they make their organization a place where the best people want to work. As a result, HR leaders need to develop compensation programs that embrace this idea. Today, we find ourselves in an incredibly tight talent market. Unemployment is just…

Elder Caregiving: The Invisible Workforce Epidemic

An invisible epidemic is impeding employee productivity at businesses of all sizes and in every industry. That epidemic: the time-consuming and stress-inducing challenges employees face as modern caregivers. As noted in a recent Wall Street Journal article on paid leave, Deloitte and Nike are both taking steps to support their employees as they…

What If Managers Didn’t Make Comp Decisions?

A common objective in redesigning performance management methods is to improve the quality of coaching between managers and employees. This objective is a reaction to traditional performance appraisal processes that focused more on evaluation with relatively little attention given to ongoing continuous performance management conversations. In fact, traditional review processes often made performance…

What You Can Do About Shrinking Take Home Pay

Big companies. Small companies. Private. Public. For-profit. Nonprofit. Manufacturers. Tech shops. Banks. Hospitals. Retailers. You name it. They all want to do right by their employees. To be a place people want to work. To support work-life balance. To pay a fair, living wage wherever possible. As a provider of employee discount programs,…

What Happens When Employees Bring Babies to Work?

At W.S. Badger, an organic skin-care company in Gilsum, New Hampshire, one employee’s idea turned into a benefit available to all. The company’s unique Babies at Work program encourages the parent/child bond at a critical time, while also providing business benefits to Badger: reduced turnover, increased employee engagement, and fewer new parents leaving the workplace….

How the Candidates Compare On Employment Immigration

Employment-based immigration isn’t just a recruitment option for U.S. employers. With the growing skills gap, it’s become a necessity to grow and keep operations afloat. And with diametrically opposed candidates campaigning for the White House, it’s apparent that U.S. immigration could change drastically depending on who takes office in January. Which nominee has…

Chamber Readying Lawsuit Over OT Rules

There are 78 days left until the new U.S. Department of Labor overtime rules take effect. However, according the a recent report from Chris Opfer and Ben Penn at Bloomberg BNA, the U.S. Chamber of Commerce is ready to sue. What might the lawsuit say? Under the new DOL rule, most employees who are…

Faster, Cheaper Is Taking A Toll On Your Workforce

Modern global business requires “faster, cheaper” as a way of thinking and working to drive top and bottom line results. Sadly, it’s become table stakes. But is that approach slowly killing your employees, while quietly driving up the costs related to absenteeism, turnover, injury and healthcare? As a former COO in public companies,…

What Do You Do About “Out Sick” Workers Working From Home?

Technological advancements have greatly increased connectivity for people in different locations, which makes it much easier for employees to carry out their usual job functions from the comfort of their own homes. Although telecommuting has grown in popularity, many employers require their employees to work in an office. However, that is not always…

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…