According to Optum’s Wellness in the Workplace study, more than 80% of employers plan to spend more on health care and wellness in the next year than in previous years. Health Care Spending The cost of providing employer sponsored health care has been steadily increasing over the years. According to the Kaiser Family Foundation, the … Continue reading Employers Are Expected to Spend More on Health Care and Wellness in the Next Year
OVERVIEW On Sept. 24, 2019, the U.S. Department of Labor (DOL) announced a new final rule that updates the salary thresholds that some individuals must meet in order to qualify for a minimum wage and overtime exemption under the federal Fair Labor Standards Act (FLSA). The final rule becomes effective on Jan. 1, 2020. The … Continue reading DOL Issues New Salary Limits for Overtime Exemptions
In mid-July, Capital One announced that the personal information of more than 100 million of its U.S. customers was compromised in one of the largest data breaches involving a bank. In an official release from the company, Capital One noted that the information exposed includes names, addresses, emails, credit scores and transaction data. In some … Continue reading Financial Industry Experienced 3,500 Cyber Attacks in 2019 So Far
OVERVIEW On Dec. 14, 2018, Michigan substantially amended its Paid Medical Leave Act (Act), which requires employers to provide paid sick leave to eligible employees beginning in March 2019. Key changes to the Act include the following: The paid sick leave requirements only apply to employers with 50 or more employees (instead of all employers); … Continue reading Michigan Scales Back Paid Sick Leave Law
If you think your employees are prepared for retirement, think again. Less than 40 percent of American workers feel like their savings are on track for retirement. In fact, 25 percent have no retirement savings at all, according to the Report on the Economic Well-Being of U.S. Households. An Education Problem Experts point to low … Continue reading Don’t Shortchange Your Employees’ Financial Literacy
Career and technical education (CTE) programs earned a huge win in July when President Donald Trump re-enabled a major source of their funding. The bill President Trump signed reauthorizes the Carl D. Perkins Career and Technical Education Act—last authorized in 2006—and amends the legislation to make its funds more accessible. Noteworthy Program Highlights Grants roughly … Continue reading CTE Programs Earn $1.2 Billion in Federal Funding
The smartest person is usually considered the best person for a job, especially when it comes to leadership. However, HR experts argue that traditional intelligence (book smarts) may not be as important as emotional intelligence (people smarts). What is Emotional Intelligence? Emotional intelligence (EQ, or emotional quotient) can be summed up by a few characteristics: … Continue reading IQ or EQ: What’s More Valuable to Your Company?