Sat.Nov 16, 2024 - Fri.Nov 22, 2024

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DOL Overtime Rule Struck Down, Another Big Change for Employees

HR Digest

A Texas federal judge struck down the DOL overtime rule on Friday, which means over 1 million workers could lose the overtime pay and salary hikes that they gained with the additional compensation with the DOL’s policy. For now, the 35k overtime salary threshold remains as it was before the DOL attempted to increase it to $43k.

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What is a Retainer in Recruitment?

HR Lineup

Purpose: Compensates the agency for their ongoing efforts and ensures the client is invested in the process. Progress Fee The progress fee is paid when specific milestones in the recruitment process are reached. Examples of Milestones: Submission of a shortlist of qualified candidates. Completion of initial interviews or assessments.

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Why employers need an updated compensation strategy

Employee Benefit News

There are pros and cons to consider along the way to choosing whether to lead, lag or align with market trends.

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NY: Workers’ Comp Settlement Not Protected from Son of Sam Law Seizure

The Workcomp Writer

A New York appellate court held that the Workers’ Compensation Law’s exemption of benefits from creditor claims does not shield settlement funds from the state’s Son of Sam Law [ Matter of New York State Off. The law is designed to improve victims’ ability to obtain full compensation while protecting funds during pending litigation.

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How to Implement Pay Transparency: A Comprehensive Guide

To help make this process easier, Barley's comprehensive guide shares how to begin implementing pay transparency while staying true to your compensation philosophy.

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NY Court Affirms Board’s Rejection of Medical Opinion Based on Flawed Work History

The Workcomp Writer

In a decision highlighting the importance of accurate work histories in medical causation opinions, a New York appellate court has upheld the Workers’ Compensation Board’s denial of death benefits in a cardiac case [ Matter of Rizzo v. Springut Group Inc. LEXIS 5799 (N.Y.

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#HRTechChat: Unlocking Behavioral Insights Through AI with Ben Mones of FAMA

3Sixty Insights

Ben Mones, CEO and Founder of FAMA, joins Dylan Teggart for this episode of #HRTechChat to discuss the evolving landscape of AI in HR technology and talent assessment.

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Don’t Let Inflation Hinder Your Approach to Total Rewards

Volatile economic conditions are pushing leaders to reframe their benefits and compensation strategies. How is your organization coping? The Q3 issue of Gallagher Better Works Insights has the details you need to create a sustainable total rewards program.

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Adapting, Evolving and Staying Competitive in a Disrupted Economy

It’s clear that a more flexible and strategic approach to total compensation is required to create a better path forward. Organizational success depends on workforce wellbeing, and employee needs are varied and constantly changing.

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6 Steps to a Better Compensation Strategy

Compensation is one of your biggest expenses as a business, but it is also your biggest investment in your people and your culture. A great compensation strategy can be an incredible asset that supports your business goals and lays a foundation of trust between your company and your employees. Document your compensation philosophy 2.

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How to Execute a Strategic and Efficient Compensation Cycle: Plan

Do your compensation cycles lead to frustration and exhaustion, only to underwhelm your employees? Invest the time pre-cycle to plan for a more efficient, strategic compensation review process that will help you retain talent. This free eBook will show you how to: Run a compensation cycle post-mortem and update your timeline.

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Best Practices to Streamline Compensation Management: A Foundation for Growth

Speaker: Joe Sharpe and James Carlson

Yet, organizations that crack the code on streamlining employee compensation often discover innovative avenues for growth. Payroll optimization can be one of the most time-consuming and complex factors of small business management.

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Rethink Total Rewards for Top Talent During Economic Uncertainty

Explore the impact of inflation and shifting economic conditions on compensation planning for 2023. Download Gallagher’s latest white paper for insights into creating a compensation strategy that is competitive, fair, and equitable to compete in today's talent market.

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Are There Gaps in Your HR Policies?

In the checklist, you’ll find action items for: Compliance Compensation Payroll Recruitment Onboarding Performance Putting the right HR policies in place can help your organization grow smoothly and help your company culture thrive. Use this essential HR checklist to cover the basics and make sure there aren’t any gaps in your HR functions.

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Creating Benefits Flexibility Your Employees Will Value

Speaker: Alex Anderson - Total Rewards Strategist at Lockton Companies | Leo Tokar - President, People Solutions and Partner at Lockton Companies

In fact, the most common inquiry that total rewards experts receive from workers in all fields is how much control they should have over their compensation and benefits. Employees want more personalization. To begin answering this question, we must do a complete value assessment of total rewards.

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Best Practices for Pay Transparency Around Your Sales Reps

Speaker: Grayson Morris, CEO, Performio & Lisa Wallace, Co-Founder, Assemble

Many are frustrated with their compensation and indicate this as a major driver of attrition. How a clearly defined incentive compensation process can provide transparency around commission structures, so reps don’t think comp is a “black box”. How can pay transparency help you retain and motivate your reps?

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6 Ways to Make Sure Total Reward is Communicated Effectively

The fundamentals of the social contract between the employer and employee are compensating labor. Your total reward offering may be the best there is, but it is deemed irrelevant if not communicated effectively. Communication and motivation start here, and only then can the results expand out.

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The Informed Rewards Leader: Reevaluating Your Global Benefits Strategy for 2023+

Speaker: Sean Raible - Founder & Principal Consultant, Game Plan Total Rewards Consulting Inc.

As leaders in compensation and benefits, we must keep up with the trends that would enhance the value proposition to current and potential employees. The benefits industry is evolving. Employees are now looking for more flexibility, increased support, and extra perks outside of the traditional benefits structure.