With a new proposal making the rounds in New York, workers in the city that never sleeps could be entitled to some R&R.
Earlier this month, New York City Mayor Bill de Blasio unveiled a proposal that would require businesses to offer at least 10 days of paid time off each year. Employees would be able to use the days for “any purpose,” including vacation, bereavement, and family time. The rules would apply to businesses with five or more employees.
The proposal sits with the New York City Council and Council Speaker Corey Johnson. If approved, it would make the city the first in the nation with a paid time off mandate.
As HR pros, not only are you concerned with making sure employee paychecks hit, you’re also thinking ahead. Helping employees save for their futures—largely in the form of 401(k)—has become an essential ingredient in benefit packages.
As the idea of the modern family evolves into a broad spectrum of two-income households, single parents, and a million variations in between, there is an increasing national need for benefits that support better work-life balance. Many cities have acted fast to pass comprehensive paid leave legislation, but for some localities, questions remain around exactly how these laws will be paid for, implemented, and enforced.
Open enrollment may have just ended, but it’s never too early to start thinking about emerging benefit trends. Benefits are an increasingly important factor in attracting and retaining top talent, and can play an important role in setting your company apart from competitors. Fifty-seven percent of employees consider benefits to be one of the top factors in accepting a new job.
On November 6, a record 113 million voters participated in the 2018 midterm elections. With over 49 percent of eligible voters participating, it’s clear that many constituents took time off to vote. From Google’s “Go Vote” homepage to Lyft’s 50 percent discount on rides to the polls, companies large and small did their best to ensure everyone made it to the polls.
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Unlimited paid time off (PTO) has quickly become one of the most popular benefits in the modern workplace, with companies like Glassdoor, Dropbox, and General Electric getting lots of attention around their unlimited policies. So what is unlimited PTO and how can companies create a policy that maximizes the benefits for everyone? We’ll dig into the ins and outs of implementing an effective unlimited vacation policy.
For most companies, open enrollment is just around the corner. HR teams across the country are working hard to assemble a benefits package that meets employee needs and helps them stand out from the competition.
On October 29, the state of New Jersey will usher in a new mandate requiring most employers across the state to provide paid sick days to employees. Gov. Phil Murphy signed the act into law on May 2, making New Jersey the tenth state to implement mandatory paid sick leave. With the law taking effect in just a few days, here’s what you need to know to be prepared.
Take it to the bank—these days, offering employees retirement benefits is an expectation, not an exception. Namely’s survey data shows that 90 percent of job applicants said they’d think twice about joining a company without 401(k) offerings. But when it comes to the nitty gritty, how many employees actually understand how retirement plans work?