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Posts about Employee Benefits:

New Employment Laws and Minimum Wage Changes in 2023

road sign that says pay raise

While there are no significant employment law changes effective in 2023 from a federal mandate, employers still need to be aware of any legislative changes on state or local levels.

Nationally, no major changes are slated for 2023 with the Fair Labor Standards Act (FLSA) still establishing minimum wage, overtime pay, recordkeeping, and youth employment standards affecting employees in the private sector, and in federal, state, and local governments.

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Small Business Strategies to Survive Soaring Salary Inflation

Inflation

A year ago the think tank the Conference Board surveyed American businesses and found that companies--  facing the gauntlet of rising inflation and a historically tight labor market – were setting aside 3.9 percent of their 2022 payroll budgets for employee raises.

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HR and the Latest Legislative Changes

U.S. Supreme Court Building

“Employers that are considering offering abortion-related benefits, such as out-of-state travel to a jurisdiction where abortion laws are more accommodating, should keep in mind compliance and liability considerations, benefits advisors point out,” reported the Society for Human Resource Management (SHRM) after Roe was overturned. “Employers that operate in multiple states will also need to navigate a patchwork of different rules affecting abortion coverage, depending on where covered employees and dependents live, work and receive health care.”

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Importance of Continuous Learning on Employee Wellness, Career Advancement

Keep Learning written on rural road

Employers and employees both agree that continuous learning can have a positive impact on employee wellness and career advancement, as well as improving workplace culture and, best of all, your business's bottom line.

“The vast majority of U.S. workers say that new skills and training may hold the key to their future job success,” according to a Pew Research Center survey.

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Improve Workplace Culture to Combat Resignation, Boost Productivity

workers high fiving

Nearly two years of a global pandemic has wrought economic and emotional turmoil on the average employee, but businesses that focus on improving their workplace culture can counter “The Great Resignation” while boosting overall productivity.

“Corporate culture may be the most important aspect of employee satisfaction. A strong corporate culture can be the differentiator in helping a company barely survive to actively thrive, especially in challenging times.” Matthew Rolnick, vice president of sales at Yaymaker, wrote in Forbes.

And these have been some of the most challenging times for managers in memory with an average of four million Americans resigning each month last year in what has been called “The Great Resignation”.

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Hiring and Retention: Benefits that Employees Appreciate the Most

Employer Flexible Hiring and Retention: Benefits that Employees Appreciate the Most

A record number of workers are quitting their jobs at record pace across America making it difficult for employers to hire and retain employees during the COVID-19 pandemic.

The Department of Labor Job Openings and Labor Turnover summary released Oct. 12, 2021, showed that nearly 3 percent of the labor force, some 4.3 million employees, quit their jobs in August.

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Wellness Programs Can Help You Survive “The Great Resignation”

Employer Flexible Corporate Wellness Programs Can Help You Stand Out Mental Health Scrabble Tiles

If the COVID-19 pandemic, rising inflation, supply chain shortages, and tight labor market were not enough obstacles for America’s businesses, now comes “The Great Resignation”.

According to Forbes, the term “The Great Resignation” was coined by Texas A&M professor Anthony Klotz to describe a potential tidal wave of people leaving their jobs post-pandemic vs. returning to the “old normal”.

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PEO Partnership Can Help Your Company Attract, Retain Top Talent

Employer Flexible Partner PEO Happy Employee

In a U.S. economy with record job openings and workplace experts predicting a post-pandemic turnover tsunami, partnering with a Professional Employer Organization (PEO) can help your company attract and retain top talent.

PEOs can help businesses, especially SMBs, in hiring and retention thanks to their ability to allow their employees access to benefits such as 401(k) plans; health, dental, life, and other insurance; dependent care; and other benefits typically provided by large companies.

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Why Your Small Business Can Benefit from Compensation Studies

HR Graphs and Reports

Compensation studies are important tools that help businesses of all sizes, from Main Street to Wall Street, in the fierce competition for talent in an employee-centric market.

“Salary surveys are important enough that a full 80 percent of human resource professionals said they were consulting them in their business,” according to an article from Study.com.

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