Leaders spend a lot of time worrying about making their salary structure competitive, and with good reason. Compensation is key to employee retention. If the guys in the opposite building are offering a 20% pay bump, then your employees are going to feel sorely tempted to cross the street.
Did you know that most people consider themselves underpaid? One study shows that 64% of employees feel underpaid despite receiving the market average. A raise might not help the situation — 35% of people think they’re getting shortchanged even when they earn above average.
Compliance is often the greatest challenge when administering your company's leave policy. Employees are entitled to time off in certain circumstances, such as family emergencies, jury duty, military service, or dealing with a medical issue. But the leave laws that grant these rights are a complex mish-mash of local, state, and federal legislation.
It seems like everyone I speak to these days is seeing a spike in requests for PTO leave, parental leave, FMLA, and the like. After a year of lockdown, it makes sense that people are now jumping at the urge to take some time off. And, if the requests haven’t started coming in yet, everyone on your team will need time off in the future, whether it’s planned vacation time or an unplanned absence due to personal circumstances. Yet, despite the ubiquity of this task, leave administration can be one of the most complex processes to manage in HR when you have a large employee population.
On Friday, January 25, 2019, Helios hosted the Human Capital Impact Forum (HCIF), a program where C-level and HR leaders come to learn, collaborate and adapt human capital programs to support business growth. The topic for this session was “Reducing Healthcare Costs, Strategies to Know for 2019 & Beyond.”
When I began consulting, I always knew I would be helping companies solve HR problems. In fact, that was the reason I was there! What has surprised me the most is the number of retirement plan account problems I have encountered throughout my time with Helios.