Articles tagged 'Benefits'

Benefits, HR News & Trends

Weekly Wrap: There’s Power in Perks, But Not All Companies Get That

Perks

As someone who worked in the San Francisco Bay Area during the dotcom boom, take it from me — employees LOVE perks.

Silicon Valley figured out a long time ago that all the things companies do for employees above and beyond a paycheck can be both a great lure for new talent, but also a great way to retain those you already have in the fold.

Of course, most companies in America don’t offer the kind of perks that Silicon Valley tech firms do, but as some recent research found, that doesn’t mean that those additional benefits above what you pay people aren’t a great tool for attracting (and keeping) top talent. Read more…

Culture, Talent Management

Power of Core Values: Your Culture Determines Your Company’s Fate

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In the first chapter of The Power of Thanks, Eric Mosley and I introduce a very important concept that is a foundational principle of the book:

At the heart of great corporate successes and failures is a single observable phenomenon: the behaviors and values that constitute a company’s culture largely determine its fate.”

Of course, we dive much more deeply into why this is true, but to summarize – the values underlying your culture are the defining factors for how all employees should behave to achieve the organizational objectives. They also give employees a sense of greater meaning and context of their work. Read more…

Benefits, HR News & Trends

Senate Committee Told EEOC Must Provide Guidance on Wellness Plans

workplacewellness

Editor’s note: Weekly Wrap is taking the week off. It will return next Friday.

By Ilyse Wolens Schuman

Recent actions by the Equal Employment Opportunity Commission were under scrutiny this week during a Senate hearing on wellness programs.

The EEOC bore the brunt of the criticism unleashed during the hearing for acting at odds with provisions the Affordable Care Act to promote the use of such programs. Both Democratic and Republican members of the Committee on Health, Education, Labor and Pensions advocated employer-provided wellness programs, and asked witnesses to explain the difficulties they have faced in implementing such programs. Read more…

Benefits, HR News & Trends

What Is a Full-Time Employee? Senate Panel Hears It’s Not 30 Hours a Week

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By Ilyse Wolens Schuman

During the first employment-related hearing conducted Friday by the new Senate Committee on Health, Education, Labor and Pensions (HELP), Senators and panelists debated whether the Affordable Care Act‘s definition of “full-time” employment should be amended.

Under the health care law’s employer responsibility requirements, employers with at least 100 full-time or full-time equivalent employees are now required to provide health insurance meeting certain ACA standards to their full-time employees or pay a penalty.

For employers with 50 to 100 full-time employees, this pay-or-play employer mandate becomes effective in 2016. The ACA considers a worker “full time” if he or she works 30 hours or more per week, instead of the customary 40 per week. Read more…

HR News & Trends

Weekly Wrap: The 15 Scariest Issues Employers Are Facing This Year

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Who can possibly resist something that touts the Scariest Employment Challenges of 2015: 15 Issues Employers Cannot Afford to Ignore?

Not me. This is something I can really dig my teeth into, and it is an annual survey report put together by XpertHR, the website that provides online compliance tools and guidance for HR professionals.

It’s also a pretty good analysis of workplace trends, and that’s important to remember despite the provocative title. As I pointed out when I wrote about this report last year, I get lots of surveys and reports that have ominous-sounding titles, but most don’t hold up to focused scrutiny. Read more…

Benefits, HR News & Trends

Same-Sex Couples Now Must Marry to Get Employer Health Benefits

same-sex-marriage

Until recently, same-sex couples could not legally marry. Now, some are finding they must wed if they want to keep their partner’s job-based health insurance and other benefits.

With same-sex marriage now legal in 35 states and the District of Columbia, some employers that formerly covered domestic partners say they will require marriage licenses for workers who want those perks.

“We’re bringing our benefits in line, making them consistent with what we do for everyone else,” said Ray McConville, a spokesman for Verizon, which notified non-union employees in July that domestic partners in states where same-sex marriage is legal must wed if they want to qualify for such benefits. Read more…

Benefits, Talent Management

Dealing With Employee Stress: The Answer Is Right in Front of Them

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The job-stress connection isn’t new. It’s been around as long as the concept of employment.

So if it’s always been there, why should businesses worry about it? And why now?

There’s a simple answer to these questions: Employee stress costs every company money. Sometimes a lot of money. And it’s a bigger problem now than ever before. Read more…

Benefits, HR News & Trends

President Calls For Paid Sick Leave For All American Workers

Obama

By Eric B. Meyer

In an announcement made late Wednesday on LinkedIn, Valerie Jarrett, Senior Advisor to President Barack Obama, posted that President Obama will call upon Congress today to pass the Healthy Families Act.

I’ve blogged about the Healthy Families Act before here. Essentially, the Healthy Families Act would require companies with 15 or more employees to permit each employee to earn at least one (1) hour of paid sick time for every 30 hours worked. Read more…

HR News & Trends

Weekly Wrap: Expecting a Solid Raise in 2015? Don’t Hold Your Breath

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For five years now, I have been writing stories based on consultants and analysts projections of what kind of raises businesses are planning to give employees in the coming year.

And for five years, I have been reading these salary surveys and writing the same thing: raises next year will be about 3 percent.

Yes, one of the defining characteristics of our mediocre economic recovery has been the miserly increase in employee pay even as businesses recovered and recorded record profits. Read more…

Best of TLNT

Proposed Minimum Wage Regulations for Federal Contractors Released

obama jobless

Editor’s NoteIt’s a TLNT holiday tradition to count down the most popular posts of the year. This is No. 3. Our regular content will return on Monday.

By John E. Thompson

The U.S. Department of Labor has released its proposed regulations implementing Executive Order 13658, President Obama’s directive to raise the minimum-wage rate for workers on federal contracts from $7.25 per hour to $10.10 per hour (subject to annual increases after 2015).

We wrote about this initiative earlier in the year; we will not repeat those discussions here. Read more…