Compensation and Benefits

Compensation and benefits topics – whether it’s minimum wage, workers’ compensation laws, or employee pay – if properly handled, can help you retain workers and recruit new ones.

Use our advice to craft independent contractor agreements that keep independent contractors – and your bosses – happy.

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U.S. workers can expect pay raises averaging 3.1% in 2015, according to the 41st annual WorldatWork Salary Budget Survey. The nonprofit organization found that U.S. employers’ budgets for pay increases have risen slightly from 2.9% in 2013.
Employees who are fired for misconduct aren’t eligible for unemployment benefits. But an unintentional mistake doesn’t block benefits.
Q. Our business has been booming and we are short-staffed. We have brought on a number of temporary workers from a staffing agency. Is it acceptable to have the temporary workers use the same punch clock system that our regular employees use?
Looking at a broad swath of U.S. corporations—not just large, publicly traded ones—it turns out that only a handful of CEOs crack the $1 million mark in annual cash compensation.
Some employers are encouraging workers to sleep on the job. The Society for Human Resource Management’s 2014 poll of HR pros says 6% of workplaces have nap rooms where employees can catch up on their Z’s.
Spending on health care rose less than 0.3% this summer, according to the Bureau of Labor Statistics, a strong sign that the health-cost curve may be flattening over the long term.
Over a third of all Americans (36%) have not saved any money for retirement, according to a new Bankrate.com survey.
Most Americans are unaware that the stock market is booming, according to a new Gallup poll. The S&P 500 gained 30% in 2013, yet only 7% of those polled knew that, and only 52% believe now is a good time to invest in stocks.
According to ChildCare Aware of America, a child care advocacy organization, day care takes up a larger share of the family budget than housing in every region except the West.
Large employers’ health care benefit costs are expected to increase 6.5% in 2015, slightly lower than this year’s rate of increase. Most employers, however, say they’re planning changes to their benefits programs that should limit cost growth to 5% or less when all is said and done.
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