Comp & Benefits: Page 27
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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 -
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 -
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 -
Column
Birthday party panic: On managing anxiety in the workplace
In a story that went viral, an employer recently learned an expensive lesson after allegedly ignoring a worker's anxiety disorder.
By Emilie Shumway • May 16, 2022 -
Sponsored by Mercer
It all starts with the ice cream
When addressing attraction and retention concerns, make sure your total rewards package has a solid foundation.
May 16, 2022 -
Pay transparency
A running list of states and localities that require employers to disclose pay or pay ranges
New Jersey employers with 10 or more employees over 20 calendar weeks will need to post pay information beginning in June 2025.
Updated Nov. 19, 2024 -
5 ways employers can deliver diabetes- and obesity-related care without stigma
BIPOC workers experience obesity and diabetes in disproportionate numbers, the Northeast Business Group on Health noted, making benefits related to those conditions a D&I issue.
By Emilie Shumway • May 12, 2022 -
SCOTUS to hear overtime case involving worker who earned $200K a year
The case involves a circuit split over whether employers may exempt certain highly paid employees from overtime.
By Ryan Golden • May 12, 2022 -
PwC's $2.4B talent investment includes 2 shutdowns per year, expanded mental health benefits
The program will focus on well-being, total rewards, leadership development and a network for employees and alumni.
By Emilie Shumway • May 12, 2022 -
Telehealth use fell in February as omicron retreated
Mental health services captured a larger percentage of remote care and continued to be the top reason for online provider visits in February, according to data from Fair Health.
By Susan Kelly • May 10, 2022 -
10 best states for working mothers and how employers can help
Here's where employers can beef up their support of working parents.
By Caroline Colvin • May 9, 2022 -
Sponsored by Mercer
Is it really a sundae without the toppings?
To remain competitive in today's labor market, organizations are looking beyond pay to attract and retain the talent they need.
May 9, 2022 -
Wall Street bonuses could crater up to 40% this year
One consultancy predicted 2022 will prove a challenging year for banks "as employers grapple with negative impact from return to office, high inflation, and lower incentives."
By Robin Bradley • May 6, 2022 -
Bank of America, JPMorgan, Goldman consider abortion travel policies
"With all things like this, we look at what our team needs from us," Bank of America CEO Brian Moynihan told CBS. A leaked Supreme Court draft opinion ignited a political firestorm tied to the possible overturn of Roe v. Wade.
By Anna Hrushka • May 6, 2022 -
Q&A
Why one company is giving its office workers a day off for Mother's Day
Fashion company Kendra Scott also provides an on-site playroom for kids and a grant program to help parents cover the cost of child care.
By Emilie Shumway • May 6, 2022 -
Employers can track financial benefit uptake by race to boost equity: Mercer
Martin Luther King Jr.'s long arc of the moral universe that bends toward justice sometimes needs a hammer, said thinkLaw Founder and CEO Colin Seale.
By Carla Bell • May 4, 2022