HR Digest

JULY 19, 2022

While most companies give a 3% raise on employee salaries , they are putting aside budgets to give a raise of 4.1%, a record high since the Great Recession of 2008. Some employees have also taken advantage of the situation to switch jobs for better pay and benefits, which has resulted in some companies losing out on top talent.

Compensation 52

Compensation Planning Tools HR Software Survey 52

Steve Boese

FEBRUARY 27, 2017

In fact, of the six major categories of consumer debt tracked by the New York Fed, only student loans and auto debt have increased since year-end 2008 (total auto loans are up 46 percent). No other form of household debt has increased by as much since then. Total household debt has fallen by 1 percent.

Employee Benefits 40

Employee Benefits ATS Strategy Report 40

Extensis

MAY 2, 2022

Quick Look: Mental health assistance is one of the most requested employee benefits. Employers have been tasked with finding new ways to keep their employees safe, informed, and engaged, while employees have struggled to balance work and home responsibilities during a time of great instability.

Planning Tools 98

Planning Tools Recruiting Software HR Software HR Planning 98

Extensis

JANUARY 23, 2023

Reports show the number of employers using PEOs has grown nearly 40% since 2008, and Guardian’s 11 th Annual Workplace Benefits Study shares insights into why. Therefore, one of the most recognized advantages of partnering with a PEO is access to premium benefits at a lower cost.

Study 97

Study Hiring Software Trends HR Software 97

Extensis

AUGUST 30, 2023

Employer Services Assurance Corporation (ESAC): The ESAC stamp of approval ensures our operations successfully protect wage payments, payroll taxes, employee benefits, and insurance premiums SOC 1 Type II certification : Third-party vendors earning this certification have been confirmed to follow the appropriate SOC safeguards and procedures Certification (..)

Compliance 52

Compliance Hiring Software HR Software Recruiting Software 52

Extensis

AUGUST 30, 2023

Employer Services Assurance Corporation (ESAC): The ESAC stamp of approval ensures our operations successfully protect wage payments, payroll taxes, employee benefits, and insurance premiums SOC 1 Type II certification : Third-party vendors earning this certification have been confirmed to follow the appropriate SOC safeguards and procedures Certification (..)

Compliance 52

Compliance Hiring Software Recruiting Software HR Software 52

HR Daily Advisor

JANUARY 24, 2017

Employee benefit plans often hold large stakes in publicly traded companies, and the DOL has long stated that it is important for plan administrators to know what their responsibilities are when they vote proxies on the shares or exercise other shareholder rights. 2015 Reversal on ESG Factors.

Exercises 40

Exercises Retirement Employee Benefits Trends 40

Extensis

AUGUST 16, 2023

Though the Mental Health Parity and Addition Equity Act of 2008 requires most health insurance providers to offer equal coverage for mental health benefits, insurance networks can still lack the qualified professionals needed to treat specific mental illnesses.

HR Software 96

HR Software Recruiting Software Planning Tools HR Planning 96

HR Digest

FEBRUARY 25, 2020

One in three employers of 100,000 employees or more said they expected to use 30% or more contingent workers by 2020. Gig economy picked up pace after the recession of 2008 and 2009 when many people were laid off work and who had to be resourceful to find employment. Hiring has slowed down considerably post 2008.

Hiring Software 88

Hiring Software HR Software Bonuses and Incentives Survey 88

Semos Cloud

AUGUST 3, 2021

Some companies realized long ago how beneficial employee wellness programs can be. For example, Johnson & Johnson estimated that between 2002 and 2008, the ROI of their wellness programs was $2.71 Assess your employee benefits package. Are you including workplace wellness benefits in your total rewards strategy ?

Wellness 101

Wellness Policies Compliance Training Assessment Software 101

Extensis

JANUARY 10, 2023

Even after adjusting for inflation, the average drug prices for a year’s supply rose from $2,115 in 2008 to equaling over $180,000 in 2021. The gap between those who can and cannot afford healthcare continues to widen, regardless of the type of drug prescribed, which creates health inequities among employees.

Recruiting Software 94

Recruiting Software Recruitment Planning Tools HR Software 94

HR Daily Advisor

SEPTEMBER 21, 2016

According to a new study by the Employee Benefit Research Institute (EBRI), the proportion of small employers offering health coverage to their workers has declined, but not so with larger employers. Between 2008 and 2015, the percentage of employers with fewer than 10 employees fell from 35.6% to 22.7%, EBRI found.

Study 40

Study Analysis Employee Benefits Survey 40

HR Daily Advisor

OCTOBER 17, 2018

More than four in ten small business workers say they depend on their workplace benefits for financial security and agree their benefits positively impact their overall health, according to the 5th Annual Workplace Benefits Study, “ Small Business, Big Benefits ,” by The Guardian Life Insurance Company of America ® (Guardian).

Study 77

Study HR Software Talent Experience Recruiting Software 77

HR Daily Advisor

DECEMBER 2, 2015

ETIs are investments that are selected for the benefits they create in addition to the investment return to the employee benefit plan investor. “We have heard from stakeholders that a 2008 department interpretation has unduly discouraged plan fiduciaries from considering economically targeted investments.

Retirement 40

Retirement Planning Tools Metrics Employee Benefits 40

Business Management Daily

OCTOBER 15, 2020

In 2008, many employers trimmed health benefits to save money. Given all the turmoil employees have been through this year, employers are putting big changes on hold, looking to balance economics with empathy,” Watts said. Seven in 10 employees surveyed said improving their financial health is a top goal this year.

Planning Tools 52

Planning Tools HR Software Survey Analysis 52

Extensis

APRIL 14, 2022

Millennials began working around the 2008 recession when it was difficult to land a job and receive promotions. This may have caused some employees to become overly focused on work and success. Bring the right benefits to the table. Employee benefits matter – especially to millennial managers.

Hiring Software 68

Hiring Software HR Planning Planning Tools HR Software 68

Edcor

APRIL 27, 2020

The recession in 2008 showed that many low-skill jobs will be lost and never return, says Jamie Merisotis, CEO and president of Lumina Foundation. Many businesses may find that their commitment to employee education benefits is a key to economic recovery after this pandemic.

Certification 52

Certification Compliance Training Competencies Immedis 52

GetFive

JULY 22, 2022

The 2022 and 2023 salary increases are the largest since the Great Recession of 2008, according to the consulting firm, which surveyed 1,430 employers for insights in April and May. Although it’s a new recent high, it’s not by much: Companies, on average, are budgeting a 4.1% Nearly two in three (64%) U.S.

Hiring Software 52

Hiring Software HR Software Survey Compliance Training 52

HR Digest

JANUARY 11, 2021

The platform also offers employee benefits options such as health insurance through Gusto’s licensed advisors, 401(k) retirement, workers’ compensation, 529 savings, HSA, life and disability, commuter benefits, and more. Founded 2008. The platform automatically calculates and debits local, state, and federal taxes.

HR Software 71

HR Software Onboarding Software Recruiting Software Planning Tools 71

Flimp Communications

APRIL 3, 2020

These create new issues for employee benefits management and employee communications in general. Those involved in employee benefits can largely ignore the first law. Stimulating Unemployment Benefits. For those who recall the 2008 bailout bill, the Federal Reserve walked away from the $1 trillion price tag.

HR Planning 54

HR Planning Immedis Policies Employee Benefits 54

HR Daily Advisor

OCTOBER 8, 2018

To combat this nationwide problem, organizations are looking to their employee benefits plans to help with recruitment and retention efforts, including increasing vacation time, providing enhanced parental leave policies, and investing in trendy work spaces to recruit new employees.

Talent Experience 63

Talent Experience Survey Recruitment Resources 63

Bayzat

SEPTEMBER 26, 2023

It was established in 2008. BambooHR’s ongoing mission is to empower HR professionals, employees, and organizations globally. Benefits Administration Manage employee benefits seamlessly with BambooHR. Employees can access their benefit information conveniently, fostering satisfaction and retention.

BambooHR 52

BambooHR HR Software Onboarding Software Hiring Software 52

Flimp Communications

NOVEMBER 25, 2019

Many were earning their college degrees in 2008 and 2009 when the recession first struck. Long recruiting processes and cut-throat competition were the norm for any job promising decent wages and perks like employee benefits. Those born between 1985 and 1990 certainly remember the struggle of finding a job.

HR Software 53

HR Software ATS Hiring Software Recruiting Software 53

HR Digest

OCTOBER 31, 2018

However, the employee needs to prove reasonable evidence that the dismissal was as a result of illegal discrimination. A Genetic Information Nondiscrimination Act (GINA) was passed by Congress in 2008. This act, as well as other employment laws, protect employees’ genes in the workplace. Dismissed based on medical records.

Employment Law 65

Employment Law Discrimination Compensation Report 65

HR Daily Advisor

JUNE 25, 2018

Because of this, employee needs are evolving, and many organizations are finding that a one-size-fits-all approach to employee benefits no longer works. Some employees may be experiencing all of these stressors, while others may be fixated on one or two benefits needs.

HR Software 52

HR Software Planning Tools How To Retirement 52

TalentCulture

AUGUST 6, 2015

The sad fact is that the economic collapse in 2008 leaves a burden which will be carried by a generation. In fact, they will soon be the majority. The vast sums of debt hanging around the proverbial necks of the young is like nothing graduates have experienced before. It will impact Millennials’ paths to secure and happy lives.

Recruiting Software 40

Recruiting Software Compliance Training Trends Employee Benefits 40

Thrive Global

MAY 18, 2020

We all know 2008 was a tough year for most companies, not just Patagonia. Despite the economic pressure, Patagonia didn’t cut employee benefits as most companies did. Patagonia prioritizes “ People development and wellbeing even over profit. ”. However, the outdoor company decided to stay true to its core priorities.

How To 74

How To Time and Attendance Planning Tools Productivity 74

ACI Specialty Benefits

FEBRUARY 6, 2019

In 2008 his wife found him dead, having hanged himself at the age of 46. See his recent feature below, originally published in Next Concept HR Magazine. Pulitzer Prize nominee David Foster Wallace, one of the most celebrated authors of our time, published his critically acclaimed novel Infinite Jest in 1996.

HR Software 63

HR Software Planning Tools HR Planning Time and Attendance 63

TalentCulture

AUGUST 10, 2015

With smaller savings (if any) and continually rising tuition, there are over 40 million Americans with at least one outstanding student loan , which is up from 29 million consumers in 2008. trillion , an 84% jump since the great recession, according to a study from Experian , which analyzed student loan trends from 2008 through 2014.

AON 40

AON Retirement HR Planning Comparison 40

Digital HR Tech

SEPTEMBER 8, 2020

Appealing to candidates and employees. It’s an employee benefit that is becoming more and more popular. Candidates, especially from younger generations like Gen Y and Z, and employees appreciate being able to work from anywhere and having the liberty to choose whether or not they want to come into the office.

HR Software 115

HR Software Recruiting Software Planning Tools Assessment Software 115

Insperity

AUGUST 10, 2011

Clients outsource their human resources to the professional employer organization and maintain control of their companies, while the human resource outsourcer provides basic human resources services such as employee benefits, payroll administration and workers’ compensation.

HR Planning 40

HR Planning Resources Payroll Employee Relations 40

TalentCulture

MARCH 20, 2015

A study by ‘Employee Benefit Research Institute’ concludes: In 2008 the median job period of workers in the US was 5.1 Not in the least, if one does his or her homework well and chalks out an exit plan on the basis of existing financial standing to cope with the vagaries of a life after retirement. Don’t hop, instead save!!

Retirement 40

Retirement Analysis Compensation Employee Benefits 40

Insperity

FEBRUARY 3, 2011

Clients outsource their human resources to the PEO and maintain control of their companies, while the PEO provides human resources services such as employee benefits, payroll administration and workers’ compensation. NAPEO estimates the PEO industry increased $5 billion in 2008, claiming $68 billion in gross revenues.

HR Planning 40

HR Planning Company Payroll Employee Relations 40

Prism HR

MAY 22, 2023

Through payroll management, employee benefits, compliance and HR support, PEOs empower SMBs to focus on their core missions while helping them compete for talent with much larger organizations. As Guardian reported in its 11th Annual Workplace Benefits Study, the number of employers using PEOs has grown 40% since 2008.

HR Software 74

HR Software Compliance Payroll Industry 74

Prism HR

MAY 22, 2023

Through payroll management, employee benefits, compliance and HR support, PEOs empower SMBs to focus on their core missions while helping them compete for talent with much larger organizations. As Guardian reported in its 11th Annual Workplace Benefits Study, the number of employers using PEOs has grown 40% since 2008.

HR Software 52

HR Software Compliance Payroll Industry 52

PeopleStrategy

NOVEMBER 14, 2022

Upskilling is when employers give employees opportunities to learn new skills that will improve their work performance and prepare them for future roles in the company. Not only does upskilling employees benefit the workers themselves, but it also improves the company as a whole.

HR Trends 100

HR Trends Trends HR Software Hiring Software 100

Thrive Global

MAY 7, 2020

She began blogging at Hip2Save.com in the summer of 2008 as a way to help herself, and family and friends save money. I hired out our accounting, employee benefits, and other major administrative aspects of our business because I’m just not great at managing those important job functions.

Hiring Software 41

Hiring Software Compliance Training Time and Attendance Interview Software 41