Perks are becoming more popular because of high-profile examples in Silicon Valley, where perks have been taken to the extreme.
Foosball tables, free lunch, phone stipends, and frequent flyer miles are so-five-years-ago amenities that have largely become expectations rather than a bonus.
I attended the holiday party for a division of Apple last year, and they gave all employees in the division an iPad mini. Merry Christmas, indeed! Read more…
Recently over on Compensation Cafe, I shared the story of one team of highly skilled professionals in one very large organization and how a sole focus (poorly implemented) on compensation as a substitute for true recognition affects their daily motivation and engagement.
Specifically, I focused on three (3) lessons learned from these bad practices:
- Moving the merit target.
- Hitting the pay range ceiling.
- “Promoting” to salary but reducing earnings. Read more…
So how would you feel if everyone at your company knew your exact salary, and vice versa? Do you think the advantages would outweigh the disadvantages?
This has been a frequent topic in the press lately since companies like Buffer and SumAll have publicly endorsed the practice. Proponents of salary transparency argue that it has a number of benefits, including determining employees’ value to their company, scrutinizing inflated executive salaries and eliminating a salary gender gap.
In countries such as Sweden and Norway, where residents’ tax returns are available to the public, salary transparency seems as though it would have a shorter road to travel toward gaining acceptance. But in the U.S. and U.K., the thought of openly sharing one’s salary info still seems a little too personal. Read more…
Open enrollment season begins this week for the approximately 8 million federal workers and their dependents who receive health care coverage through the Federal Employees Health Benefits Program or FEHB.
The 2010 Affordable Care Act calls for some changes in that coverage. Below are some frequently asked questions and answers about how the measure will impact federal workers’ health insurance.
Question: I work at a federal agency and am enrolled in FEHB. Does the Affordable Care Act require me to purchase health insurance on the law’s new online marketplaces, known as exchanges? Read more…
Weeks after denying labor’s request to give union members access to health law subsidies, the Obama Administration is signaling it intends to exempt some union plans from one of the law’s substantial taxes.
Buried in rules issued last week is the disclosure that the administration will propose exempting “certain self-insured, self-administered plans” from the law’s temporary reinsurance fee in 2015 and 2016.
That’s a description that applies to many Taft-Hartley union plans acting as their own insurance company and claims processor, said Edward Fensholt, a senior vice president at Lockton Cos., a large insurance broker. Read more…
It’s annual enrollment time, the autumn period when many people with job-based health insurance ante up for another year.
Although news reports have fixated on the problems with the online health marketplaces that launched Oct. 1, for the vast majority of people that’s a non-issue. If they get insurance through a job at a company that has at least 50 employees, they probably won’t be using the marketplaces, also called exchanges.
That doesn’t mean people with employer-based plans are unaffected by the Affordable Care Act. As employers adjust plans to meet new requirements and try to reduce their costs, people can expect to see changes next year. Read more…
By Robert C. Christenson
The IRS handed health care flexible spending account participants an early Christmas present on Halloween when it modified cafeteria plan “use-it-or-lose-it” rules so that $500 can be carried over from one year to the next in Flexible Spending Accounts (FSA).
Under Notice 2013-71, these accounts may now be modified so up to $500 can be carried over to defray qualifying medical costs in the next year. The rule change followed sharp criticism of the “use-it-or-lose-it” requirement, and concerns that participants were undergoing unnecessary medical procedures at the end of the year to avoid forfeiting account balances.
But the IRS gift comes at a price. Read more…
Many “dumb questions” are voiced in response to management orders, so be charitable when you encounter an overly basic query from people who are supposed to know better.
For example, a question about Canadians being treated exactly like Americans for overtime purposes was raised a while ago in a LinkedIn professional discussion forum.
Since the two nations have very different laws governing overtime, the answer seemed simple. But it brought this private response: “Thanks Jim – My thoughts exactly, but I was asked to do the research.” Read more…
Every year, CareerBuilder does a survey of managers and HR pros asking for the most outrageous excuses workers give when calling in sick.
It’s always a lot of fun — mainly because the excuses are so ridiculous that you end up asking yourself, “what were they thinking?” — but the part of the survey that always grabs me are the more newsworthy findings that give you some insight into the mindset and motivation of today’s workforce. Read more…
Dr. John Sullivan’s recent TLNT posts about Facebook that included a discussion of their fabulous perks were pretty impressive:
- An extended six-week boot camp onboarding with the employee’s choice of a job at the end;
- Internal job transfers chosen by the employee at end of one year;
- Free food;
- Happy Hour every Friday; Read more…