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As a matter of policy, the FLSA’s exemptions were carefully designed to protect employees, while ensuring employers are able to effectively and efficiently run their businesses and serve their customers.”

She advised employers to design recognition programs that are: ;Specific to what the individual contributed vs. a broad “thank you”; ;Connected —linking the individual’s contributions to the organization’s mission, guiding values and overall success; ;Authentic and sincere; ;Timely (not just once a year); ;Public, when appropriate; “Public recognition magnifies the impact to the receiver and helps other employees understand the behaviors that are valued by the organization,” Schulz said.

Workspan Daily article; ;Student Loan Payment Match Can Help Secure Employees’ Future , Workspan Daily article; ;Retirement Plans: Design Considerations & Administration , course; How much money do Americans think they need to retire comfortably?

“If a pay code has not been used for a period of time, it might be prudent to decommission it to avoid inadvertently using it in the future for a form of payment it was not designed to process,” he said.

.; ;Design a multi-channel access program , including self-service tools, in-person and online seminars, access to human advisors, and targeted proactive communications by age group, income levels and other segmentation.; ;Make advice available at enrollment, during annual healthcare enrollment, around market events and when life events occur.; ;Evaluate program progress through metrics such as advice uptake, contribution increases, improved diversification, and participant stress or confidence scores.; ;Refine the program “based on what moves the needle.”; Double-Sided Benefits The current state of financial well-being, as amplified by the Escalent report, comes as no surprise to Cara Macksoud, the managing director and CEO of Money Habitudes, an educational resource for financial professionals and HR/TR practitioners.

Still, there is risk in designating a CHRO who lacks a robust background in functional HR performance.

That may mean decreased demand for retirement programs that offer matching funds, like the type created by the Secure Act 2.0.

;Not all types of services are affected.

His favorite part of the whole experience was hearing directly from customers what they wanted and then stepping back and designing a solution that addressed the common themes.

While only 2% of the employers surveyed by ERI last year rely on cost of living alone to calculate remote workers’ geo-pay adjustments, 11% use a combination of cost of labor and cost of living.