Namely’s series, In My HR Opinion, brings you honest takes on the hottest HR topics and trends, straight from industry leaders.
The HR conversation around the gender pay gap is not a new one. The data has long suggested that women are paid less, on average, than their male counterparts. In fact, women earn just 77.9 cents for every dollar earned by men. There are numerous theories as to what causes the wage gap, as well as ideas of how to level the proverbial playing field. One undeniable contributor to this disproportionate equation? Parental leave.
Call it a case of benefits compliance whiplash. For the second time this year, the IRS has updated rules covering how Health Savings Accounts (HSAs) should be managed.
When it comes to retirement plans, the number one reason companies change their investment manager or recordkeeper is high fees. However, it is very difficult for plan sponsors to accurately assess fees because these costs are typically confusing, hidden, and convoluted (sometimes intentionally). Not to mention, indirect compensation is often not disclosed, or disclosed in a complex and confusing manner, so as to prevent sponsors from conducting a transparent comparison of service providers and investment options.
2018 is off to a big start in the world of benefits: on January 30, three of the biggest corporate powerhouses made an announcement. Amazon, Berkshire Hathaway, and JPMorgan Chase declared their intention to join forces and establish an independent insurance company, with the promise to be “free from profit-making incentives and constraints.”
On the heels of the 25th anniversary of the Family Medical Leave Act (FMLA), a new paid leave proposal is making the rounds in Washington. And who might be leading the charge? It’s two unlikely collaborators: Ivanka Trump and Florida Senator Marco Rubio.
Get the latest news from Namely about HR, payroll, and benefits.
When hiring for a position that requires regular business trips, it’s important to consider factors beyond the obvious. If a job candidate will be making contact with global partners, you want them to be charismatic. They should be confident, decisive, and a natural at making others feel at ease. But they should also be the kind of person who enjoys traveling for work.
Last year, over 62,776,640 people searched “get healthy" on Google. Doing so is part of a familiar nationwide declaration that this will finally be the year to lose those five pounds, cook every night, cut out sugar, exercise four times a week, the list goes on. But more often than not, life gets in the way of the commitment it takes to execute on these goals. Let’s be honest—between work and family, it can be hard to find time to make healthier choices. But what if your workplace offered resources to make it easier? Fortunately, many HR teams are already on the case, introducing a variety of employee health and wellness initiatives and perks.
On December 3, in a move that could change the face of healthcare, CVS announced that they have agreed to buy insurance-provider Aetna for $69 billion. Leadership from both companies are expectedly optimistic. In Sunday’s press release, CVS President and CEO, Larry J. Merlo said, “We look forward to working with the talented people at Aetna to position the combined company as America's front door to quality health care, integrating more closely the work of doctors, pharmacists, other health care professionals and health benefits companies to create a platform that is easier to use and less expensive for consumers.”
Another month, another potential change to healthcare policy. Congressional lawmakers are inching closer to enacting sweeping tax reforms that could have a lasting impact on employers and individuals alike, including provisions that would eliminate the “individual mandate,” or the Affordable Care Act (ACA) requirement that Americans enroll in insurance.