Comp & Benefits: Page 25
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JPMorgan, Goldman, BofA pledge to cover employee travel for abortion
The banks are following Citi, which said in March it would pay for workers to get the procedure out of state. The Supreme Court’s June 24 decision to overturn Roe v. Wade has prompted policy shifts.
By Robin Bradley • June 27, 2022 -
With Roe overturned, employers eye changes to abortion-access benefits
While some employers have committed to fully reimbursing travel for abortion procedures, others are taking a more conservative approach.
By Emilie Shumway • June 24, 2022 -
Trendline
Inside the rapidly changing world of employee benefits
As employers prioritize retention, benefits remain a crucial piece of business’ employee value propositions.
By HR Dive staff -
Walmart expands doula coverage to Louisiana, Indiana and Illinois
The company first launched the benefit, providing $1,000 to cover the cost of doula services, last year in Georgia.
By Emilie Shumway • June 24, 2022 -
Colorado first state to launch public option via federal waiver
Through the waiver granted by the Centers for Medicare & Medicaid Services on Thursday, Colorado can use federal funds to set up a government-run health plan, a long-held progressive healthcare goal.
By Rebecca Pifer • June 24, 2022 -
SHRM: Mental health, telehealth benefits are post-pandemic priorities
Many benefits rolled out during the height of the pandemic are likely to become permanent fixtures — but not all, according to the survey.
By Laurel Kalser • June 22, 2022 -
Full-time faculty wages fell 5% after inflation, AAUP says
Rising cost of living and low pay increases dragged the average 2021-22 salary below Great Recession levels, raising concerns about a talent drain.
By Laura Spitalniak • June 22, 2022 -
Mailbag: Should we make cryptocurrency a 401(k) option?
“When you’re evaluating your risk tolerance, you have to decide your appetite,” said Phillip C. Bauknight, partner at Fisher Phillips.
By Katie Clarey • June 16, 2022 -
Consultant says shifting market is pushing pay, cultural transparency
HR Dive spoke with Salary.com's David Turetsky, who encouraged employers to speak openly with workers amid economic frustrations.
By Katie Clarey • June 14, 2022 -
How one CEO's background in ethics informs her leadership style
For Articulate CEO Lucy Suros, who recently gave employees a $4,500 bonus to offset inflation, employee happiness and business success go hand in hand.
By Emilie Shumway • June 9, 2022 -
Employers seek cost-saving healthcare solutions that don't compromise on value
Turbulent economic times and a competitive talent market may be imposing, but one insurer’s survey identified areas that may appeal to both employers and plan members.
By Ryan Golden • June 9, 2022 -
Employers see win-win in benefits packages, even at higher cost
HDHPs and advocacy services are especially popular with employers, according to a McKinsey & Co. report.
By Carla Bell • June 9, 2022 -
Labor force participation increase of 1% could lead to billions in additional income for women
Two years since the pandemic began, signs indicate that women have regained some of the ground they lost in the U.S. workforce.
By Ryan Golden • June 9, 2022 -
Suit: DOL overstepped its authority in warning against cryptocurrency in 401(k)s
Defined contribution plans governed by ERISA shouldn’t be subject to the agency's "arbitrary whims," the complaint argued.
By Kate Tornone • June 3, 2022 -
Repay CFO uses 5% raises, retention packages to win workers
While some payments players have pared jobs, Repay CFO Timothy Murphy plans to continue hiring and said there's been no slowdown in growth for core markets.
By Maura Webber Sadovi • June 2, 2022 -
DOL walks care industry employers through tricky wage and hour issues
Knowledge of hours worked and thorough recordkeeping can be an employer's "best friends," said the Wage and Hour Division's Brenda Hernandez.
By Ryan Golden • June 2, 2022 -
The pandemic increased employee stress about retirement, study says
Employers are concerned too. Although their worries dipped in 2020, concerns about employees not saving enough rose in 2022.
By Emilie Shumway • May 27, 2022 -
Pay, climate action may be top ways to retain Gen Z, millennials
The younger generations continue to demand employer commitment to equity and inclusion, as well as fair pay and climate justice.
By Caroline Colvin • May 27, 2022 -
Column
Bank of America's 7% raise may make it a rank-and-file retention role model
Aside from lavishing attention on non-specialized employees, the Charlotte, North Carolina-based lender has developed a habit of rolling out perks in pairs.
By Dan Ennis • May 26, 2022 -
4 ways employers should rethink compensation in the current market
Should inflation be a factor in compensation strategy? It's "tricky," one Mercer exec said during a recent webinar.
By Kathryn Moody • May 26, 2022 -
Study: Pre-deductible HSA coverage of chronic condition meds won't jack up premiums
A 2019 IRS notice expanded the list of medications and health services that some plans may cover pre-deductible, including those used to treat chronic conditions.
By Ryan Golden • May 25, 2022 -
Bank of America boosts minimum wage to $22 per hour
The pay raise, coming seven months after a previous $1-per-hour boost, is the latest step in the bank's target to pay employees at least $25 per hour by 2025.
By Robin Bradley • May 23, 2022 -
Boldt Co.'s 'gatekeeper' program offers mental health, suicide prevention support
May is Mental Health Awareness Month. Construction's suicide rate is among the highest of any industry.
By Katie Pyzyk • May 19, 2022 -
5 timekeeping tips from a former WHD administrator
Employers can't eliminate the risk of litigation surrounding timekeeping, but they can minimize it with a few steps.
By Katie Clarey • May 19, 2022 -
Lowe's joins in on debt-free college trend
A few weeks before the Guild announcement, Lowe's committed $9 million toward the education of historically marginalized students.
By Caroline Colvin • May 17, 2022 -
Amazon's unpaid time off practices violate USERRA, class-action suit claims
Amazon allegedly counted unpaid time off against employees in the U.S. armed services or National Guard when they took military leave — and then fired them when they ran out of that time.
By Laurel Kalser • May 17, 2022