Comp & Benefits: Page
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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 -
Justin Sullivan / Staff via Getty Images
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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TrendlineInside the rapidly changing world of employee benefits
Healthcare costs are climbing and employee needs are changing. How can HR professionals adapt?
By HR Dive staff -
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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 -
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 -
Justin Sullivan via Getty Images
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 -
Stephen Maturen / Stringer via Getty Images
This week in 5 numbers: Workplace tensions spike as the election nears
Here’s a roundup of numbers from the last week of HR news — including the degree to which incivility at work rose from the spring to summer months.
By Ginger Christ • Oct. 31, 2024 -
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WTW: Companies are failing to deliver on workers’ pay expectations
Only half of employers said they were effective at their pay programs, the report found.
By Ginger Christ • Oct. 31, 2024 -
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Rising healthcare costs could trickle down to workers: employer survey
Employers’ biggest concern is higher drug costs, according to the National Alliance of Healthcare Purchaser Coalitions report.
By Rebecca Pifer Parduhn • Oct. 31, 2024 -
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Companies express concerns about growing pay transparency pressures
The approaching EU Pay Transparency Directive will “upend” how companies manage and explain pay, an expert said.
By Carolyn Crist • Oct. 31, 2024 -
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Salary transparency is trending up but at a slower pace, Indeed’s Hiring Lab finds
The labor market has slowed, and competition for workers has eased somewhat, with employers feeling less urgency to attract candidates by including pay information in job postings, a Hiring Lab economist noted.
By Laurel Kalser • Oct. 31, 2024 -
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Most midsize-to-large employers pay too much in retirement plan fees, firm says
The findings come after a series of high-profile lawsuits alleging retirement fund mismanagement by employers.
By Ryan Golden • Oct. 30, 2024 -
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Americans work more and are less happy than Europeans, survey shows
About 33% of Americans said they often feel guilty about taking time off, as compared to 18% of Europeans.
By Carolyn Crist • Oct. 30, 2024 -
Maddie Meyer via Getty Images
Vail Resorts doubles mental health benefits access
Workers, dependents and roommates all have access to year-round free therapy sessions under the expansion.
By Ginger Christ • Oct. 29, 2024 -
iStock/ Dilok Klaisataporn
Sponsored by SmithRx6 ways legacy PBMs put employers at risk
HR leaders can drive change to reduce the risks and hidden costs posed by legacy PBMs. Learn how to protect your organization’s pharmacy benefits.
Oct. 28, 2024 -
Photo Illustration: Shaun Lucas/Industry Dive; Ryan Golden/HR Dive
Deep DiveEEOC wants to collect pay data again. It might have an easier path to do so.
The agency’s EEO-1 Component 2 data from 2017 and 2018 is the first of its kind, and advocates believe the exercise is worth revisiting.
By Ryan Golden , Julia Himmel • Oct. 25, 2024 -
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A federal PTO guarantee? New report proposes amending FLSA to make it a reality.
The policy, written by a University of Michigan professor and backed by The Brookings Institution, would allow workers to accrue up to 80 hours of paid time off per year.
By Ryan Golden • Oct. 24, 2024
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