There’s something to be said for living with mom and dad. In fact, more and more young adults are opting to do just that thanks to things like student loan debt and high rents. Yet, there comes a time when they need to strike out on their own and become financially independent. Stephanie Einseberg is working towards […]
If you’re not keeping remote employees engaged, you’re doing yourself a disservice, because disengaged employees cost organizations yearly $550 billion in productivity losses. Worse, workers that are psychologically unattached and who put time, not passion into their work, make 2.5 less revenue. Keeping remote staff satisfied is not something that comes naturally to most businesses. In fact, […]
Denying candidates with criminal histories a fair shot at a job can cost employers big time — both in fines and lost talent, employer groups say. Dollar General discovered this the hard way: the discount retailer was ordered to pay $6 million after the U.S. District Court for the Northern District of Illinois in Chicago […]
While almost half of employees plan to sign up for a high-deductible health plan (HDHP) during this year’s open enrollment, many workers find the high deductibles and out-of-pocket costs financially out of reach. Some 41% of survey respondents said they would not meet their yearly deductible, and 39% said they could not afford out-of-pocket costs […]
In 2017, the U.S. spent $3.5 trillion on health expenditures. That’s more than any other country and more than double the average among developed countries, according to the Committee for a Responsible Federal Budget. Every year, healthcare costs rise, putting additional strain on individuals, their families and their employers. The system is broken. Any significant […]
WASHINGTON — Employees shopping for healthcare in the U.S. market now have more choice than ever before, but they still don’t have the transparency and financial data necessary to make smart decisions about their care. That’s according to Ford Koles, executive director of research firm the Advisory Board, who said employers are shouldering an outsized […]
The Department of Labor’s new proposal would give employers additional flexibility when calculating overtime pay for salaried, non-exempt employees who work irregular hours — and may make it easier for some workers to get bonuses. The new proposal, released this week, clarifies for employers that bonuses paid on top of fixed salaries are compatible with […]
The IRS said this week that workers contributing to 401(k), 403(b), 457 and the federal government’s Thrift Savings Plans plans can add $19,500 next year, an increase from $19,000 in 2019. The move could help workers save more for retirement, but it may be inconvenient for employers who’ve already started open enrollment, experts say. Employees […]
Nearly all HR leaders say their jobs will be unrecognizable in 10 years thanks in part to the adoption of new technology, according to new survey data. Eighty-two percent of HR executives say that their jobs will transform due to increased focus on people management and less on administrative tasks, as well as the adoption […]
Those who believed the Trump administration would scale back the Obama-era Department of Labor’s aggressive enforcement of wage and hour laws may be surprised to learn that the DOL recently announced that it recovered a record $322 million in unpaid wages for fiscal year 2019. This is $18 million more than that recovered in the […]
