According to the Bureau of Labor Statistics, 3.4 million people—2.3 percent of the total workforce—quit their jobs in November 2018. In the private sector, the quits rate was 2.6 percent, increasing from 2.4 percent the prior year. These numbers reflect a continuous upward trend: employees are quitting. The Society for Human Resource Management has noted […]
Commuter benefits are fringe benefits that allow employees to set aside pretax money to pay for work-related transportation costs. Generally, for employees to use the benefit, their employer must set up a commuter, or transportation, benefits plan that meets the requirements of Section 132(f) of the Internal Revenue Code.
Below are some general steps for creating salary ranges for jobs in your company. In determining salary ranges, first analyze positions by reviewing their job descriptions. To be able to assign a specific salary range to each position, you must know the activities and responsibilities that come with the job, the qualifications needed to execute […]
Smart companies are always taking a fresh look at the employee benefits they’re offering. Here is what employee perks are trending – and what you might want to consider adding to your company’s benefits package. Employee benefit: Student loan assistance According to the Federal Reserve, Americans currently owe $1.5 trillion in student loans — the […]
In 2018, the Department of Labor issued an opinion letter in response to a query regarding whether certain lump-sum payments are considered earnings under Title III of the Consumer Credit Protection Act, which limits the amount an employer can deduct from an employee’s wages for child and alimony support plus other wage garnishments. The CCPA […]