Comp & Benefits: Page 7
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‘Almost no’ remote or hybrid jobs exist for top earners, research shows
Job listings allowing high-earning employees to work remotely fell 60% in the past year, and ones permitting hybrid work plunged 95%, job site Ladders found.
By Ginger Christ • May 22, 2024 -
Courtesy of Kroger
Kroger cuts CEO’s pay as company’s performance weakens
Rodney McMullen’s compensation in fiscal year 2023 fell by $3.5 million, to $15.7 million, largely due to a sharply lower bonus.
By Sam Silverstein • May 22, 2024 -
Explore the Trendline➔
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TrendlineTop trends in compensation
Between employee expectations and legislative mandates, compensation professionals have their work cut out for them.
By HR Dive staff -
Courtesy of Rocket Mortgage
Rocket Mortgage inks $3.5M overtime pay settlement with bankers
Plaintiffs alleged in their 2023 lawsuit that the lender improperly calculated their regular rate of pay.
By Ryan Golden • May 22, 2024 -
FangXiaNuo via Getty Images
6 stories on how DEI leaders are holding organizations accountable
While compensation plays a big role, it is not the only lever that organizations can pull to keep leaders accountable for DEI progress.
By Kathryn Moody • May 22, 2024 -
Koh Sze Kiat via Getty Images
QBE North America launches 12 weeks’ paid parental leave, available to workers from their first day on the job
The program offers leave for various circumstances around family growth, whether adoption, birth, fostering or surrogacy.
By Carolyn Crist • May 17, 2024 -
Justin Sullivan via Getty Images
How 6 chains are reacting to California’s minimum wage law
Brands like Jack in the Box, Shake Shack and Chipotle have raised prices to help offset labor costs incurred following the $20 hourly wage.
By Julie Littman • May 16, 2024 -
Mario Tama/Getty via Getty Images
Employer health plans paid hospitals 254% of what Medicare paid in 2022, report finds
Several factors may explain the gap, according to Rand Corp., such as provider consolidation and the type of facility in which care is provided.
By Ryan Golden • May 16, 2024 -
Justin Sullivan / Staff via Getty Images
On-demand pay could create wage violations, Connecticut cautions employers
The warning comes as states and the federal government weigh options for regulating earned wage access products.
By Kate Tornone • May 15, 2024 -
Mark Wilson via Getty Images
Feds boost HSA contribution caps for 2025
The IRS published its annual inflation adjustments for high-deductible health plan regulations Thursday.
By Ryan Golden • May 10, 2024 -
Luis Sinco via Getty Images
Building, facilities workers mobilize nationwide for better wages, benefits
From New York City to Los Angeles, workers are rallying for higher wages and improved conditions, threatening strikes if demands aren’t met.
By Nish Amarnath • May 10, 2024 -
William_Potter via Getty Images
Garden leave could add value as noncompete alternative
Paying outgoing employees to remain as a resource while a replacement gets up to speed could gain currency as companies seek new ways to protect their interests.
By Robert Freedman • May 9, 2024 -
Courtesy of Meijer
Meijer expands military leave benefits
The company’s new offerings mirror steps other employers have taken to specialize benefits for military personnel and veterans.
By Ginger Christ • May 9, 2024 -
Max Kegfire via Getty Images
More companies are tying ESG metrics to executive compensation: WTW
Despite political blowback in the U.S., companies are increasingly incorporating ESG metrics into performance measures, according to the insurance services provider.
By Suman Bhattacharyya • May 9, 2024 -
Warren Little via Getty Images
Employees say they expect employers to invest in their well-being
But as employee well-being rates stagnate, employers may need a new approach to boost productivity and retention, The Conference Board said.
By Carolyn Crist • May 6, 2024 -
katleho Seisa via Getty Images
Sponsored by FinFit3 benefits driving ‘material change’ in workers’ finances this year
Workplace financial benefits evolve in 2024, expanding beyond education to meet employees' demands for greater support.
May 6, 2024 -
Adeline Kon/HR Dive
Identity of HR 2024Why ‘nontraditional’ benefits are on the rise and how HR can make them work
Finding perks employees value is a top priority, sources said, but HR teams have to rely on several parts of the organization to find what sticks.
By Ryan Golden • May 2, 2024 -
AndreyPopov via Getty Images
Companies cut salary budget increases to 3.6%, trim promotions: Mercer
Employers’ plans to reduce salary increases align with data showing economic growth slowed to just 1.6% last quarter, far less than expected.
By Jim Tyson • April 29, 2024 -
Cleveland Clinic
Offering housing assistance is more than a benefit, employers say
Housing assistance programs not only help strengthen the community around the workplace, but can also serve as an attraction and retention tool.
By Ginger Christ • April 25, 2024 -
David Dee Delgado via Getty Images
Delta Air Lines raises starting wage to $19 per hour, increases pay by 5%
The pay raise comes amid a union-organizing campaign among the company’s flight attendants.
By Emilie Shumway • April 24, 2024 -
Caroline Colvin/HR Dive
DOL’s ‘unprecedented,’ two-pronged overtime rule adds new HR wrinkles
Employers must decide whether to incrementally comply with the rule’s salary threshold updates or move straight to compliance with the higher 2025 threshold, attorneys told HR Dive.
By Ryan Golden • April 24, 2024 -
Alex Wong via Getty Images
New retirement security final rule will protect workers from improper advice and investments, DOL says
The rule updates the definition of investment advice fiduciary that was adopted in 1975 and will go into effect Sept. 23.
By Ginger Christ • April 23, 2024 -
Caroline Colvin/HR Dive
DOL will raise overtime salary threshold to $44K in July, $59K next year
The final rule expands overtime pay eligibility to millions of U.S. workers, the department said.
By Ryan Golden • April 23, 2024 -
Caroline Colvin/HR Dive
Employer groups ask court to vacate DOL independent contractor rule
The department’s rule “injects new inconsistencies and incoherence into the analysis of independent contractor status,” the groups said in a lawsuit filed Wednesday.
By Ryan Golden • April 19, 2024 -
Kevin Dietsch via Getty Images
Most workers not confident they’ll retire by their mid-60s, survey finds
The spectrum of research on retirement benefits has revealed growing financial anxiety in recent years that is felt unevenly across demographic groups.
By Ryan Golden • April 19, 2024 -
Michael M. Santiago / Staff via Getty Images
Chipotle agrees to nearly $3M settlement over alleged paid leave and scheduling violations in Seattle
The settlement is the largest since the Secure Scheduling Ordinance went into effect in July 2017, the Seattle Office of Labor Standards said.
By Ginger Christ • April 18, 2024
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