The HR Specialist: Compensation and Benefits

Employees will pay $150 more for medical expenses next year, predicts a new Towers Perrin survey. And that means your employees probably are more worried about the increasing costs of their health insurance than they are about being able to pay their rent, losing their jobs or becoming victims of violent crime, notes a separate survey by the Henry J. Kaiser Family Foundation …

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Your organization is trying to hold the line on benefits costs, but you still want to offer competitive perks. One good way: Provide extra days off—a low-cost benefit that employees highly value. Organizations of all sizes can use the tactic …

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Having a man or woman of the cloth around the office is a growing trend for companies keen on work/life benefits. Thousands of clergymen and clergywomen work full time or part time in corporate America as chaplains, ministering to employees’ spiritual needs and providing counseling services. If you think your organization might benefit from having a chaplain in the workplace, consider how you will structure his or her employment and the qualifications that will best serve your employees …

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A culture of health is coming into its own across corporate America. Driven by increasing health care costs and an obesity epidemic that fuels chronic illnesses, corporations are examining their core cost drivers and have arrived at a workable strategy: create a culture that promotes better health across the total employee population …

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If your organization offers its own stock as an investment option for employees’ 401(k) plans, let them know when they’re eligible to sell it. Last year’s Pension Protection Act says employees who buy company stock with their own contributions can sell it at any time …

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It can be frustrating when employees don’t rush to take part in optional benefits like financial-planning seminars or even your EAP. Yet when an employee does need help, the availability of your benefits can go a long way toward relieving stress and retaining that employee. Here are seven ways to communicate benefit information more effectively…

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As your organization shifts more responsibility to employees to manage their own health and retirement expenses, you risk alienating your work force. But it doesn’t have to be that way …

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It usually comes at the busiest time of the year, when HR pros—along with everyone else—are tending to year-end deadlines and preparing for the winter holidays. Open enrollment is an inevitable autumn ritual that can cause great stress for HR—and for your organization’s employees. Here are eight tips for surviving the season …

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If you’re holding the line on pay raises, you’re in good company. Three new surveys agree that most employers will raise salaries between 3.8% and 3.9% for the second year in a row in 2008, halting a steady upward trend in pay raises that began in 2004 …

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As overtime lawsuits continue to surge, organizations often try to defend themselves by pointing to a policy that says employees should have received management approval for overtime. But a written policy isn’t enough, as employers are learning the hard way …

 

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