Budgeting for employee health care poses particular challenges, given that the annual increase in health benefit costs routinely outpaces general inflation. It helps to understand how medical services are subject to unique cost factors.
The consumer price index in May rose 5 percent from 12 months earlier—the largest yearly gain in over a decade. While that pace may moderate, economist foresee higher inflation ahead, which will affect employers’ compensation budgets and planning.
By now, even the least tech-savvy among us have heard of artificial intelligence, machine learning and robotic process automation (RPA). These types of tools drive a certain amount of fear and uncertainty among employees who worry their jobs may someday […]
Organizational charting is essential to ensuring companies have the right number of people with the right skills in the right roles. Creating such charts has grown more challenging as leaders need to account for a growing number of contingent workers […]
President Joe Biden reached a deal on a physical infrastructure plan June 24, one that Biden said he will sign—if approved by Congress—only if it’s accompanied by a…
In 2018, the South Korean Labor Standards Act was amended to restrict an employee’s maximum work hours from 68 hours to 52 hours per week. As of July 1, the 52-hour…
I read that the Occupational Safety and Health Standards Board (OSHSB) adopted a revised version of the Emergency Temporary Standard for employee safety regarding the hazards related to COVID-19. As an employer with a small but diverse operation and workforce, […]
Connecticut recently became the 19th state to legalize adult recreational marijuana use. Provisions regarding lawful possession go into effect on July 1, but provisions affecting employers will take effect next year.
