By Kathryn Mayer Research conducted over the past several months found that although inflation has recently abated, employees’ financial wellness is still suffering. Now, new research goes even further with its main finding: Financial wellness is at an all-time low. That’s according to Bank of America’s (BoA’s) annual Workplace Benefits Report, which surveyed more...
By Kathryn Mayer Many working parents already are faced with challenges around child care, trying to find affordable options while navigating work and family life. Now, those challenges may get even more difficult. On Sept. 30, $24 billion in federal pandemic relief funding for child care—as part of the $1.9 trillion American Rescue Plan...
By Kathryn Mayer U.S. employers are planning smaller pay increases in 2024 compared to this year—and organizations say increases could decline more if economic conditions worsen, new data finds. A new survey out from consulting firm Mercer—which comes on the heels of several other compensation prediction surveys—finds that employers in the U.S. plan to...
By Allen Smith, J.D. The Israel-Hamas war raises several HR issues stateside, from disruptions in international business to leave requests from employees shaken by the violence, and even arguments in offices and on production floors among workers with strong, opposing views. On Oct. 7, Hamas terrorists, as the White House stated, broke into...
By Kathryn Mayer Social Security benefits will rise by 3.2 percent next year, the Social Security Administration announced Oct. 12. The annual cost-of-living adjustment (COLA) announced for 2024 is far lower than this year’s big 8.7 percent jump or the 5.9 percent boost in 2022, a reflection of moderating inflation. The COLA announcement comes...
By Kathryn Mayer In the total rewards space, employers are already busy preparing for open enrollment, navigating compliance updates and strategizing their 2024 pay increase plans. Now comes another item on the to-do list: encouraging employees to get vaccinated. Flu shots, COVID-19 boosters and even the new respiratory syncytial virus (RSV) vaccine are all on the agenda....
By Beth A. Klahre Connecting managers with employees has always been an important component of employee and, ultimately, company success. Tools that deliver two-way feedback with speed and ease of use are critical in today’s fast-paced organizations. But trust and experience are still the foundation of great employee-manager interactions. Gail Thakarar is a seasoned...
By Allen Smith, J. D. Quiet quitting remains prevalent, but employers should look for underlying causes rather than assuming employees are lazy, said James Reidy, an attorney with Sheehan Phinney in Manchester, N.H. Speaking Feb. 27 at the SHRM Employment Law & Compliance Conference 2023, he noted that the underlying causes for employees who work...
By Kathryn Mayer Starting next year, some workers who make catch-up contributions to employer-sponsored retirement plans, like a 401(k), will have to instead put that money into Roth accounts—news that has big implications for both employees and employers. Earners making $145,000 or more must make catch-up contributions on a Roth basis rather than...
By Leah Shepherd United States Citizenship and Immigration Services (USCIS) announced July 21 a new Form I-9—which has been streamlined and shortened—that employers should use beginning Aug. 1, 2023. Employers may continue to use the older Form I-9 (Rev. 10/21/19) through Oct. 31, 2023. After that date, they will be subject to penalties if they use the older...
Copyright by People First INC. All rights reserved. 2022
2022 Copyright by People First Inc. All rights reserved.
