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In our daily work with talent leaders and solution providers, we run into some incredible technology. These tools available to organizations right now can help them hire, develop, and retain their people, and the platforms and systems are amazing in their ability to support intelligent decisions, personalized actions, and more.
Quick look: By 2026, the HR outsourcing market is expected to grow by $10.90 Because of this, many small business owners have turned to a solution that has been growing in popularity, especially over the last decade: HR outsourcing. Rather, an HRIS is a valuable tool for experienced HR managers.
For recruitment professionals in healthcare, the pandemic brought challenges and immediate solutions to meet demand and need. As the pandemic wanes, its challenges and solutions may serve healthcare recruitment professionals in the near and long term. Technology and outsourcing. Leveraging technology rose to meet need.
The bill seeks to take the current pay gap reporting requirement another step further by requiring the development and publishing of equality action plans. This includes steps the employer plans to take to address their gender pay gap and how they support employees through menopause. Neither the narrative or action plan are mandatory.
Employers in Iceland are only required to report on compensation every three years. Eliminate the Complexities of Global Pay Data Reporting Icelandic employers with operations in the EU should proactively evaluate their current pay practices and overall compensation philosophy. Not asking job candidates about their salary history.
While pay transparency has been top of mind for many US-based HR managers in recent years, legislation requiring companies to share more information about compensation is taking effect across the world. Some 28 countries “require some type of pay reporting,” according to pay-equity softwareplatform Syndio. Best practices.
Achieve Authentic Pay Equity With Software By 2026, EU employers with 250 or more employees must report on gender pay gaps. Further, Latvian employers should proactively evaluate their current pay practices and overall compensation philosophy. Prepare to act when pay gaps exceed 5%.
Advertisement - In recent years, dozens of countries and jurisdictions have enacted laws around pay transparency in order to promote fairness and equity, reduce systemic bias and close pay gaps. Being transparent with your compensation practices shows that youre serious about paying fairly, closing pay gaps and avoiding bias.
If pay discrepancies are identified by the MTE, employers must create an action plan to address wage inequalities, containing specific goals and deadlines. Action plans must be submitted within 90 days of notification by the MTE. If notified by the MTE, prepare an action plan within 90 days. Create a compensation philosophy.
For healthcare organizations facing a hyper-competitive market and an aging customer base that requires more care, contingent staffing, also known as supplemental staffing, can play an integral role in HR's strategic planning process as a means to acquire on-demand, qualified healthcare talent. Plan Ahead for Contingent Workers.
The Senate is competing plan didnt include the tax exemption on overtime, so its not law yet. Some speculate it could kick in as early as July 1, 2025, aligning with the 2025-2026 fiscal year. Others bet on January 1, 2026, to sync with the tax calendar. Did the No Tax on Overtime Bill pass already? remains a firm not yet.
More than half of contractors say they plan to increase their headcount, but it’s clear the demand for skilled workers is far outpacing supply. Now is a crucial time for your human resources team to optimize your workforce and plan for future staffing needs. In the construction industry, talent is key.
We also look at the vital role of pay equity software. Workers who suffer gender pay discrimination are entitled to uncapped compensation, including full recovery of back pay and related bonuses. Employers have until June 7, 2026 before EU pay transparency is transposed into law.
However, there will be some additional requirements imposed upon them as the law, which must be in effect by June 2026, progresses. Spanish employers should proactively evaluate their current pay practices and overall compensation philosophy. In effect, by 2026, all large employers (250+ employees) must report gender pay gaps.
Streamline Your Global Pay Data Reporting Efforts Italian employers should proactively evaluate their current pay practices and overall compensation philosophy. Employers can lean on pay equity softwaresolutions to expedite this process and determine root causes of potential pay disparities. Compensation equity by gender.
Additionally, they will need to have plans in place to align with the pay transparency and salary history ban requirements. Additionally, Finnish employers should proactively evaluate their current pay practices and overall compensation philosophy. In effect, by 2026, all large employers (250+ employees) must report gender pay gaps.
Belgian employers should proactively evaluate their current pay practices and overall compensation philosophy. Employers can lean on pay equity softwaresolutions to expedite this process and determine root causes of potential pay disparities. In effect, by 2026, all large employers (250+ employees) must report gender pay gaps.
Additionally, employers are required to develop pay remediation plans for unexplained gender pay gaps. Employers with operations in Portugal should proactively evaluate their current pay practices and overall compensation philosophy. In effect, by 2026, all large employers (250+ employees) must report gender pay gaps.
EU member states have three years to transpose the Directive into law (until June 7, 2026). Pay equity plans are to be updated every five years to find and close new pay gaps. Workers are entitled to compensation for recovery of back pay and related bonuses or payments in kind. Compensation is uncapped.
Sweden is the first country to release a draft of its proposed amendments to comply with the EU Directive that it plans to transpose into law. Employers with operations in Sweden should proactively evaluate their current pay practices and overall compensation philosophy. A report on the progress of the previous year’s measures.
Employers with operations in Ireland should proactively evaluate their current pay practices and overall compensation philosophy. Employers can lean on pay equity softwaresolutions to expedite this process and determine root causes of potential pay disparities. All 27 member states are required to adopt the directive.
For example, employers in New York City must obtain a “bias audit” for all automated decision tools. Increasing technology threats Digital transformation is here to stay in the workplace—in fact, global spending on digital transformation technologies and services is expected to reach $3.4 trillion by 2026. The law, P.L.2019,
With major plans underway to expand healthcare centers across the country, construction workers can expect to find lots of exciting new job opportunities in this area. In the past six months alone, nine hospitals and health systems have announced, advanced, or completed expansion and renovation projects worth more than $1 billion.
Key dates March 15, 2026: FSA grace period ends for the 2025 plan year, allowing additional time for eligible expenses. December 31, 2025: FSA funds for the 2025 plan year must be spent. Key dates Q1Q2 (by June 30, 2025): Complete your dependent eligibility audit to verify all dependents enrolled in your benefits plan.
trillion in 2026. ” Gartner states that sustainability metrics in investment plans will be standard practice by 2026. At the beginning of 2022 in the US, 13% of total assets ($8.4 trillion) under professional management were sustainable investment assets.
The claim “Every company is a technology company” has been widely shared over the years, so much so that, along with another popular business maxim—“Culture eats strategy for breakfast”—it has come to be almost universally accepted as truth. How HR and HR Technology are Driving Better Outcomes. commercial-trucking industry.
The medical costs trend directly correlates to premium rates because health insurance companies use them to determine what the same health plan this year will cost the next year. For those Americans buying insurance on an exchange or private market plan for 2017, the average health insurance premium increase before subsidies was 25%.
Financial services, construction, technology, mining and quarrying, scientific and technical, and education and professional report the biggest gender pay gaps. EU Pay Transparency Directive versus UK employment laws EU member states face significant changes to pay transparency legislation, which must be transposed into law by June 7, 2026.
The average salary loss is estimated at over £6,000 ($7,500), which could result in tens of millions of pounds in backdated compensation for the retailer. The legislation, which must be transposed into law by 2026, requires employers to act when an unjustified gender pay gap of 5% or more exists. Carry out a pay audit.
With the way trends and technology keep adapting, having strong control over the human resources invested in a company and planning for the long term can be just as crucial a decision as planning a new product launch or seeking a profitable business deal.
For HR professionals, its no longer a question of when is no tax on overtime starting, but about what policies to enact for a seamless workforce planning. It will strip state income tax from overtime compensation of workers who do beyond the standard 40-hour work week. For Georgia employers, this isnt an abstract policy.
workers who are in earlier or middle stages of their careers, their ability to contribute to a retirement savings plan has been hindered by household debt and repayment of student loan debt. employer-sponsored 401(k) plans. For many U.S. Student loan debt impacts more than one in four Americans and exceeds $1.6 The SECURE 2.0
DEI initiatives provide strategies and systems that are based on the principles of diversity, equity and inclusion. This means that hires have a range of social identities, and systems ensure that everyone has equal access to them and that all voices are heard within the workplace. Establish diversity goals and metrics for hiring.
Equal pay for equal work means employees performing similar tasks receive comparable compensation regardless of gender. The first public report on pay disparities due by June 7 2027 will require data from 2026. This timeline gives organisations just two compensation cycles to make adjustments.
Equal pay for equal work means employees performing similar tasks receive comparable compensation, regardless of gender. The first public report on pay disparities, due by June 7, 2027, will require data from 2026. This timeline gives organisations just two compensation cycles to make adjustments.
The three year indexing could lead to massive jumps in the salary level, with it reaching $55,168 by 2023 and almost $60,000 by 2026, though some economic studies estimate it could actually be closer to $70,000. The exemption level for highly-compensated employees has risen to $134,004 much higher than the proposed $122,100 level.
In fact, the Bureau of Labor Statistics (BLS) expects the positions created by the healthcare sector to account for nearly one-third of all new jobs by 2026. healthcare support occupations are expected to account for one-fifth of all new jobs by 2026. Worse, some healthcare recruiters don’t plan to do anything about it.
Moreover, 56% of the workers participated in the plans. The retirement rewards come with a well-managed and planned retirement to provide financial security and stability among the employees during their post-employment phase. A thoughtfully crafted retirement plan can positively impact employee morale.
These executive changes will make way for new strategies—including succession planning. CFO turnover is increasingly driven by retirement, while 25% of financial advisors—an aging demographic—remain unsure of their succession plans. Preparing for the uncertain future will start with fortifying leadership teams.
Qualified workers can begin taking leave in January 2026. In 2026 and 2027, the maximum weekly benefit will be $900. In 2026 and 2027, the maximum weekly benefit will be $900. Parental Leave: The contribution rate is 0.32% of wages for 2025 and 2026. of wages for 2025 and 2026. Employer offers same or better plan.
The United States Bureau of Labor Statistics (BLS) reports that by 2026, openings for nurse practitioners (NPs) and Physician Assistants (PAs) will experience a ten-year growth rate of more than 36%. This is especially important if you are seeking to fill a role traditionally filled by a physician, so check and plan accordingly.
You will need to ensure your compensation philosophy is sound ahead of publicly disclosing pay ranges on job postings. This is made easier by using pay equity analysis software to identify pay inequities. Establishing a compensation philosophy. will be covered under pay transparency laws by 2026. Determine pay ranges.
And the clock is ticking: The upcoming 2025 compensation cycle will be the last merit cycle to make pay adjustments that will be baked into public pay gap reports filed in 2027, as those reports will be based on 2026compensation data. The implementation deadline is June 7, 2026.) Its going to be a journey.
Actual Damages : Compensation — including but not limited to, wages, salary, or other employment benefit — denied or lost to an employee or applicant, and many include other monetary loses suffered, as a result of the violation. And in Europe, members of the EU are preparing for the EU Pay Transparency Directive that will take effect in 2026.
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