Comp & Benefits: Page 13
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Ohio State reverses hundreds of workers’ raises after DOL’s overtime rule overturned
Workers who received increased pay in November and December will revert to their original salary in January, the university said.
By Ginger Christ • Dec. 3, 2024 -
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Nearly a quarter of Americans are underinsured: report
The vast majority of people who reported being underinsured received their coverage through their employers, according to a survey by the Commonwealth Fund.
By Emily Olsen • Nov. 27, 2024 -
Explore the Trendline➔
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TrendlineTop trends in total rewards
Trends in total rewards strategies continue to shift in response to the market, employee demands and even advances in technology.
By HR Dive staff -
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DOL: The cost of child care is more than rent in some U.S. counties
In most counties, child care prices were high relative to family income, potentially pricing many families out of paid child care, the U.S. Department of Labor said.
By Laurel Kalser • Nov. 26, 2024 -
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Companies express ‘cautious optimism’ about executive compensation for 2025
Most leaders and HR pros expect to provide the same or higher salary increases as they did in 2024, according to Pearl Meyer.
By Carolyn Crist • Nov. 25, 2024 -
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Healthcare costs are going to increase by double digits — again, per WTW
While some factors are out of employers’ control, it’s up to companies to balance rising costs with budget expectations, experts said.
By Caroline Colvin • Nov. 21, 2024 -
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1 in 5 workers would turn down a job without unlimited PTO, survey finds
Only 16% of employees reported having unlimited paid time off, the survey said.
By Ginger Christ • Nov. 21, 2024 -
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GLP-1 drug coverage for obesity making inroads with large employers: Mercer
In 2024, coverage for obesity drugs increased to 44% among employers with 500 or more workers, compared to 41% last year, a new survey found.
By Ginger Christ • Nov. 20, 2024 -
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Feds fine logistics company for failing to include bonuses in workers’ overtime rates
Overtime miscalculations are among the most common violations found in U.S. Department of Labor investigations, an official said Nov. 15.
By Ryan Golden • Nov. 18, 2024 -
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Sponsored by TranscarentThe employer’s dilemma solved: Our iPhone moment is here
How benefit leaders can solve for rising healthcare costs and declining outcomes with generative AI.
By Philia Swam, Senior Director, Total Rewards, Transcarent • Nov. 18, 2024 -
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No link between telehealth and low-value services in primary care: study
The findings may alleviate concerns that virtual care could increase unnecessary or wasteful services.
By Emily Olsen • Nov. 14, 2024 -
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Photoroom’s CEO says training workers on salary negotiation pays off
The training goes a long way toward pay equity because it helps level the playing field for workers, Photoroom’s CEO and co-founder said.
By Ginger Christ • Nov. 14, 2024 -
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Wall Street bonuses expected to grow across all sectors, consultant finds
Investment banking debt underwriters could see a surge in annual payouts up to 35% due to revenues booming on debt issuance growth, a report published by Johnson Associates said.
By Rajashree Chakravarty • Nov. 12, 2024 -
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The workforce is aging. Here’s how tailored benefit packages can make a difference.
Providing benefits that factor in age and individual needs are key to productivity, according to a report by Bank of America and the Global Council on Aging.
By Laurel Kalser • Nov. 12, 2024 -
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5th Circuit dismisses Cargill employee’s Kronos hack, discrimination claims
The decision is also a victory for UKG, whom the employee sued separately for privacy violation allegations stemming from a 2021 ransomware attack.
By Ryan Golden • Nov. 8, 2024 -
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Voters sign off on minimum wage increases, paid leave initiatives on Election Day
Workplace issues featured in at least a dozen statewide races, and the results create an even more complex HR landscape.
By Ryan Golden • Nov. 8, 2024 -
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Women’s health benefit use leads to fewer missed workdays, analysis shows
Mental health benefits, followed by reproductive health services and maternity care all helped reduce absences for women at work.
By Carolyn Crist • Nov. 8, 2024 -
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This week in 5 numbers: Generation Z wants job stability, but their managers are stressed
Here’s a roundup of numbers from the last week of HR news — including how many leaders have considered quitting over the burden of managing Gen Z.
By Ginger Christ • Nov. 7, 2024 -
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SCOTUS appears open to employer’s interpretation of FLSA overtime evidence standard
The outcome could affect how future overtime eligibility disputes are resolved, an attorney told HR Dive.
By Ryan Golden • Nov. 7, 2024 -
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Consumers are tired of ‘tipflation.’ Should employers reconsider their compensation approach?
Donald Trump vowed to end taxes on tips, which workers may welcome. Still, “tipflation” woes suggest employers should re-think their pay strategy.
By Caroline Colvin • Nov. 7, 2024 -
Jacob Wallace/HR Dive
‘Pawternity’ leave: Paid sick leave to care for pets could be on the horizon
New York City’s paid pet leave proposal could open up a larger conversation on employee benefits and flexible workplaces, a law firm partner said.
By Ginger Christ • Nov. 7, 2024 -
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Aetna launched a copay-only health plan. What could it mean for benefits teams?
Alternative plan designs are a potentially attractive solution to rising costs, but implementing them can be a disruptive process, a source told HR Dive.
By Ryan Golden • Nov. 6, 2024 -
Daderot. (2013). "Liberty Mutual Tower" [Photograph]. Retrieved from Wikimedia Commons.
Liberty Mutual introduces paid leave for military spouses to support moves
The company cited data from the Military Family Advisory Network showing that military families move every two and a half years on average.
By Emilie Shumway • Nov. 6, 2024 -
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IRS increases 401(k) annual cap to $23,500 for 2025
The update coincides with a record rate of retirement savings among 401(k) participants, according to a recent Vanguard report.
By Ryan Golden • Nov. 4, 2024 -
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Average salary increases are sloping downward, survey shows
More companies returned to the “typical” salary increase range of 3% to 3.9% in 2024, Salary.com found.
By Emilie Shumway • Nov. 1, 2024 -
Kate Tornone/HR Dive
Feds tag repeat overtime pay offender a third time, clawing back more than $145K
Employers face potential reprisals when they fail to comply with Fair Labor Standards Act requirements, and those penalties multiply for repeat violations.
By Ryan Golden • Nov. 1, 2024
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