The Setting Every Community Up for Enhance Retirement (SECURE) Act which was passed in the latter part of 2019, was designed to boost savings through 401(k) and similar retirement plans sponsored by employers. Plan data suggests that the law is on the right track to achieve this goal, as per the Plan Sponsor Council of America's (PSCA's) 64th Annual Survey of Profit-Sharing and 401(k) Plans report, which was released in December and basis its findings on the responses from 518 plans surveyed in 2021 about the prior plan year.
Employers are predicting on average a general average cost increase of 4.4 percent over the next year. The responses came in 2021 from 1,745 employer health plan sponsors for employers across the U.S. with 50 or more employees.
The recent funding will be used to further build deep tech and build strong analytics for on-gig performance.
There's no question that Senate Bill 973 created a stir on the California employers' landscape in the past. As a result, in November 2021, the DFEH started sending notices of non-compliance to employers who did not submit their pay data reporting snapshots for the fiscal 2020 year. About 35,000 notices have been issued since then, and it is believed that penalties will be imposed on those who did not comply with the requirements outlined within the notification.
US-based F&B company, Kraft Heinz, plans to name its CEO Miguel Patricio as its Chair, provided he gets re-elected at the Kraft Heinz 2022 annual stockholders meeting.
Remote work is here for the long haul, and human resource departments need to keep up with the latest tech and trends to support remote workers, as 30% to 40% of workdays are expected to be remote. Remote work benefits every business and is no longer a perk but a necessity. There are indicators that remote working leads to greater happiness and productivity. HR departments will need the technology and solutions to help companies adapt their remote work policies
Today's recruiting landscape is vastly different from what it was a few years ago. Largely due to COVID-19 and movements for racial equality. Changes that would have taken many years, happened over months. While many are now able to recruit workers remotely, others are experiencing internal mobility and new upskilling programs. Diversity is now being treated with the urgency it deserves and the accountability it requires.
CoachHub, the global talent development startup, inaugurated its newly-constructed APAC Regional headquarters in Singapore and plans to expand its APAC team. The company has more than 400 coaches throughout this region.
The Phenomenon, known as the Great Resignation, continues, with 4.3 million U.S. workers quitting their jobs in December 2021. This is slightly less than the November record of 4.5 million and continues a streak of historically elevated churn, according to the monthly JOLTS report by the U.S. Bureau of Labor Statistics.
In two related cases, the Supreme Court of Louisiana ruled in Hayes v. University Health Shreveport, LLC, and Nelson v. Ochsner Lafayette General that private employers may mandate COVID-19 vaccinations for their employees.
Google has announced that it will increase its employee benefits for full-time employees around the globe in 2022. The Mountain View, CA-based company, has increased parental leave from 12 to 18 weeks for all parents and 18 to 24 weeks for those who give birth.
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