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On the utilization side, Nayya research found: ;70% of employees keep the same benefits from year to year — despite life changes that may make new benefits more relevant.; ;Only 14% actively seek new benefits options during annual enrollment.; ;26% of workers in a high-deductible health plan don’t use the associated HSA.; ;64% of those using an HSA don’t take advantage of its long-term investment potential .; Then, there’s the lack of understanding: ;70% of polled employees don’t understand hospital indemnity, accident and critical illness insurance.; ;50% can’t explain the intricacies of 401(k)s, HSAs or flexible spending accounts, or how these benefits work.; ;While employers annually spend an average of $16,501 per employee on health coverage, only 10% of employees understand that value; 25% believe their employer spends only $1,000 a year on their health benefits.; ;40% of employees don’t recognize health insurance as part of their total compensation, while 48% don’t consider

But maybe they say, “These are the three main job levels in our company, and to get from a 1 to a 2, here’s what it takes; or from a 2 to a 3, here’s what it takes.”

Recertification Course Credits WorldatWork Recertification Credits 2 Compensation Credits CEUs 0.2 Credits HRCI Recertification 2 Credits SHRM Recertification 2 Credits Learning Options Exercises are included throughout each section of the course for hands-on practice.

.; PRINCIPLE NO. 2: THE BENEFITS OF PURSUING SMALL CHANGES VS.

.; Question: Should qualified overtime compensation be separately reported to individuals on Form W-2, Form 1099-NEC or Form 1099-MISC?

Moving pay rates further into the ranges at a rate that meets the compensation philosophies of most organizations requires a gap of at least 2%-3%, based on organizations I have consulted with.

That’s why it is so alarming to see that 91% of surveyed employees said “communicating well” is a critical skill their leaders lack, and nearly 70% of surveyed managers admitted they are uncomfortable communicating with employees in general.

Employees surveyed by the professional organization said that even in an employer-advantaged job market, many would still likely leave their position if they weren’t satisfied with their compensation (70%), benefits (57%) or opportunities for career advancement (47%).

Data Highlights:   Layoff likelihood predicted lower in 2024: Averaged across all eighteen countries, about 70% of participants reported no layoffs for 2023, with 91% anticipating the same for 2024.

This type of in-depth analysis of current information and knowledge management plans will support identifying areas of need for a leadership development program.