Comp & Benefits: Page 3
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Labor market closer to pre-pandemic ‘normal’ — which could lead to steady 2025 salary budget growth, Mercer says
The worker shortage in 2024’s final months is comparable to that of 2019, analysts said during a Sept. 18 webinar.
By Ryan Golden • Sept. 25, 2024 -
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Sponsored by OverDriveHow one company used its leadership book club to promote a learning culture
When it comes to building strong connections at work, see how launching a book club can spark this movement.
Sept. 23, 2024 -
Explore the Trendline➔
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TrendlineTop trends in compensation
Between employee expectations and legislative mandates, compensation professionals have their work cut out for them.
By HR Dive staff -
Courtesy of Amazon
Amazon increases hourly pay by $1.50, adds free Prime membership for thousands of workers
With this move, the e-commerce giant’s average hourly pay tops $22, below the industry average and what many of its employees demand.
By Daphne Howland • Sept. 20, 2024 -
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North American firms are largely transparent on pay — mostly thanks to regulators, WTW finds
Jurisdictions in 15 states and Washington, D.C., mandate pay transparency, and some also mandate pay data collection.
By Ryan Golden • Sept. 20, 2024 -
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This week in 5 numbers: Healthcare costs plague employees, employers
Here’s a roundup of eye-catching numbers — including the amount health benefit costs are expected to rise next year.
By Ginger Christ • Sept. 19, 2024 -
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Election 202440% of states mandate paid time off to vote — but some employers go a step further
Only 29% of U.S. adults said their company has a voting leave policy, according to the results of a recent survey by Brightmine.
By Ginger Christ • Sept. 19, 2024 -
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Deloitte: Women 35% more likely to forgo medical care than men
Women say they skip or delay medical care because of cost, long wait times and transportation issues, a recent survey found.
By Ginger Christ • Sept. 18, 2024 -
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Express Scripts sues FTC over report damning pharmacy benefit managers
The major PBM said its lawsuit is necessary to protect against misinformation about the controversial drug middlemen, while the FTC promised to defend its research.
By Rebecca Pifer • Sept. 17, 2024 -
Courtesy of Sam's Club
Sam’s Club bumps starting wage to $16, accelerates increases for front-line workers
As employers focus on retention, compensation is a crucial piece of that puzzle.
By Caroline Colvin • Sept. 17, 2024 -
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Mercer: Healthcare costs expected to climb more than 5% for third straight year
An imbalance between the number of healthcare workers and the demand for services is driving prices up, a Mercer actuary said.
By Ginger Christ • Sept. 16, 2024 -
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Sponsored by VSP® Vision Care4 ways vision benefits are a recruitment and retention tool
One in every two employees struggles with at least one eye issue.
Sept. 16, 2024 -
Kate Tornone/HR Dive
5th Circuit signs off on DOL’s overtime salary basis test
The court’s decision may not be the last word on the issue, however, one attorney told HR Dive.
By Ryan Golden • Sept. 13, 2024 -
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3rd Circuit revives lawsuit against DOL’s home care wage-and-hour final rule
The agency argued that a lawsuit filed by several home care companies was barred by a federal statute of limitations, but the court disagreed, overturning a district court decision.
By Ryan Golden • Sept. 12, 2024 -
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Executive benefits key to retaining leaders, report finds
NFP’s data showed that only 29% of respondents said they fully understood their benefits, however.
By Ginger Christ • Sept. 12, 2024 -
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Salary budgets could grow at near-record pace for 2025
Despite a drop in hiring, employers told The Conference Board that elevated salaries will continue.
By Carolyn Crist • Sept. 12, 2024 -
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Bank of America boosts minimum hourly wage to $24
The move puts the Charlotte, North Carolina-based lender presumably one raise away from its long-held goal of lifting its pay floor to $25 per hour by next year.
By Dan Ennis • Sept. 11, 2024 -
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Biden administration finalizes rule raising mental health coverage standards for private plans
The rule gives additional teeth to an almost 16-year-old law meant to force health insurers to cover mental health and substance use benefits at the same level as physical healthcare.
By Rebecca Pifer • Sept. 10, 2024 -
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Pay increases at small businesses dip below 3% for the first time in years
The small business labor market — which can be a leading indicator for the broader market — shows signs of cooling, according to Paychex.
By Kate Tornone • Sept. 10, 2024 -
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Sponsored by AonEmpowering employees to make better health plan decisions
As U.S. employers balance costs with providing employees more value from their benefits, creating an open healthcare enrollment process that includes more choice and guidance can accomplish both goals.
By Amy Robbins, Benefit Experience Strategy Leader, Health Solutions, Aon and Alexandra Stirling, Benefit Experience Product Development Leader, Health Solutions, Aon • Sept. 9, 2024 -
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CFPB slammed with earned wage access commentary
The Consumer Financial Protection Bureau asked for public feedback on its earned wage access rule proposal, and it got an earful.
By Lynne Marek • Sept. 6, 2024 -
Sam Silverstein/HR Dive
Aldi plans to raise pay, hire more than 13K new employees
The fast-growing discount grocer will raise its national average hourly pay for associates with starting wages for store and warehouse roles being raised to $18 and $23 per hour, respectively.
By Peyton Bigora • Sept. 5, 2024 -
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Middle class workers fear outliving their retirement savings, report finds
Those surveyed said they faced competing financial priorities, including paying off debt and covering basic living expenses.
By Ginger Christ • Sept. 5, 2024 -
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Sponsored by Commute with EnterpriseFrom pain to perk: How to change the conversation on commuting to the workplace
Mike Mangan, VP of Commute with Enterprise, discusses how to influence the conversation on commuting.
By Mike Mangan, Vice President of Commute with Enterprise • Sept. 3, 2024 -
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Stressed US parents need help from their employers, surgeon general says
Dr. Vivek Murthy published an advisory Wednesday calling on organizations to offer paid leave, managerial training and mental healthcare access.
By Ryan Golden • Aug. 29, 2024 -
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3 in 5 US workers report living paycheck to paycheck, survey finds
Similarly, 78% of employers said their workers are financially stressed, the report found.
By Ginger Christ • Aug. 28, 2024
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