Professional LifeI love the term "greenshoots" when referring to a recovering economy showing fragile signs of new life and vitality. It seems to conjure up such hope and visions of rebirth and renewal.
For a long time, those of us at LeaderLabs have asked employers what they wanted to accomplish with their benefit programs. The most common answer: "To attract, retain, and engage employees."
If you are an HR/benefits executive or manager who works with a chief financial officer who is a vocal critic of certain benefits programs, then you probably dream of the day when that individual will leave the company.
Employers that have disguised employees as independent contractors to save on wages and benefits could get slaughtered by monetary penalties as the government seeks to close tax loopholes.
Employers might need to redefine their human capital strategies as glimmers of a recovering economy emerge. Data show more organizations taking on new employees in February, although benefit package and wage levels for new hires remain flat.
Sometimes the most basic of employee benefits are the most controversial: According to a new CareerBuilder survey, employees are hot and cold about their working environs, claiming that uncomfortable office temperature can dampen their productivity.
Although Gen Y workers continue to job-hop more than Gen X and Baby boomers, their churn rate is decreasing as their attitudes change regarding finances, employment and greater appreciation of employee benefits.
While the drop in unemployment rate in November from 10.2% to 10% was welcome news, the fact remains that economy is still in crisis mode.
Employees are distracted by worries about mortgages, budgeting, and everyday expenses that cloud their minds in a stormy U.S. economy. To offset these productivity drains, new data suggest it may behoove employers to view financial education benefits more broadly than simply preaching the importance of saving for retirement.
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For the majority of U.S. employers, the American Recovery and Reinvestment Act did not have its desired effect, finds a recent CareerBuilder survey. Still, among those who received direct assistance, many have hired or plan to take on more workers due to the stimulus package.
Wage and hour claims are increasing rapidly, which can be costly to business owners who are unaware of the proper guidelines, attorneys at Potomac, MD-based law firm Shulman, Rogers, Gandal, Pordy, & Ecker, P.A. have witnessed. Further, class action lawsuits are also becoming increasingly prevalent.
Particularly during tough economic times, small employers find it more difficult than their larger peers to offer employees health care coverage.
Rising health care costs and dwindling capital will not be the only concerns dampening festive cheer for employers this holiday season; a great number of their employees will be dedicating work time to purchasing gifts online for loved ones.
Although companies are finding it difficult to give their employees promotions and raises in the current economy, talent lingers as many workers feel lucky just to have a job.