According to a new report from WTW, salary budget increases are expected to drop in 2025.
Although these expected wage increases have diminished since 2023, this figure remains high compared to many previous pay cycles, where 3% was common.
Continue reading
Employee burnout is escalating globally, with a significant number of workers experiencing severe physical, emotional, and mental exhaustion. The 2024 Global Talent Trends report reveals that approximately 82% of employees are at risk of burnout, primarily due to financial pressures and excessive workloads.
Burnout occurs when long-term stress overwhelms employees’ ability to cope, leading to lower productivity, negative feelings, and a diminished sense of effectiveness at work. It can also result in serious health consequences, such as insomnia and heart disease. As substantial burnout levels persist, it’s important for employers to recognize the signs and implement preventive measures to create a healthier, more productive work environment.
Continue reading
The Employco HR team members continue to provide expertise and serve as a valuable resource for navigating the pressing challenges facing employers today. This team fields questions each day from employers seeking answers to their HR questions. In recent months, employers have been requesting clarification or seeking guidance on benefits, the new overtime rule, Affordable Care Act (ACA) eligibility, and specific leave of absence situations. While questions surrounding these topics can vary based on locality, employer, and individual circumstances, federal agencies offer guidance that can aid employers in addressing day-to-day challenges in the workplace.
Continue reading
In today’s rapidly evolving employment landscape, managers and HR professionals are crucial in shaping and driving organizational success. However, the role has become increasingly complex. By staying current on trends companies can plan for changing compliance requirements, navigate new technologies, and adapt to employee needs. This can ultimately enable your management and HR teams to contribute meaningfully to their organizations by better attracting, developing, and retaining talent; driving employee engagement; and fostering innovation.
Continue readingJoin Rob and Jason in this HR Chat as they explore best practices for employee terminations. Learn how to avoid terminations through training and coaching, plan the termination process carefully considering state laws and safety, and keep the conversation short and to the point.
We’ve created a checklist with best practices for the termination process. Reach out to us at hr@employco.com for a copy.
Join Rob, Scott, and Jason in this month’s HR podcast as they dive into best practices for workplace drug testing. In this episode, they cover the alarming increase in drug test cheating and the growing positivity rates in office environments. They explore the four common types of drug testing from an employer’s perspective, discuss whether pre-employment drug testing makes sense for your organization, examine the impact of state laws and legalized marijuana, and more.
They also share information on valuable resources, including a reasonable suspicion checklist, HR Insights articles, and tips on enhancing your drug testing program. Reach out to hr@employco.com for more details.
We’re over halfway through the year, and summer is in full swing. Join Rob and Jason in this HR chat as they explore which benefit plan changes are allowed outside of open enrollment. They highlight qualifying events, the difference between a calendar year and a plan year, benefits that can be changed at any time, and more.
Check out this chat for some helpful reminders as we enter the second half of the year, and let us know if you have any questions at hr@employco.com.
The Supreme Court overruled Chevron deference in a 6-3 decision. Join Rob and Jason in this HR chat as they give some background info and discuss how this might affect several pending laws such as the overtime threshold, non-compete ban, independent contractor status, and more.
Check out our HR newsletter article for more details on this topic: U.S. Supreme Court Overrules Chevron Deference
Reach out to hr@employco.com if you have any questions on how this may impact employers.
Rhode Island Passes Secure Choice Retirement Savings Program – On June 26, 2024, Senate Bill 2045 was signed into law, establishing a state-operated retirement savings program called Rhode Island Secure Choice. Employers who do not already offer a retirement savings plan will be required to offer workers access to the Secure Choice program, which will be administered by the Office of the General Treasurer and implemented in phases.
Continue reading
On June 28, 2024, the U.S. Supreme Court issued a decision in Loper Bright Enterprises v. Raimondo and Relentless Inc. v. Department of Commerce. The Court overruled its 1984 decision in Chevron, U.S.A. Inc. v. Natural Resources Defense Council Inc., which held that courts should defer to federal agencies to interpret ambiguities and gaps in the laws that the agencies implement (known as Chevron deference).
Continue reading