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“If you’re a younger married couple and children are in your future or you’ve had your first child, get involved early as a team with setting financial strategies and budgeting, so that when something changes in life, you have a better chance of hitting the ground running and having your feet underneath you.”

The Higher Wages for American Workers Act would set the nationwide minimum wage to $15 on Jan. 1 of the first year after it is enacted, and raise it annually on the basis of inflation.

Integration Is the Missing Link When setting up these tools, the experts interviewed for this article said to: ;Leverage your existing platforms.; ;Explore ways to streamline point solutions and single sign-on options.; ;Prioritize integration.; Toward the latter, Midlam noted that the fewer separate apps employees have to download, the better.

Employers often fall into the trap set by the pay gap statistics and do similar analyses on their own workforce.

Keep These Tips in Mind , Workspan Daily Plus+ article;Ready, Set, Enroll!

LSAs provide a set allowance for each employee to spend on employer-selected items that support their physical, emotional and financial well-being .

;Burkett, Oberpaul, and Weller draw on a programmatic set of studies to document the trend of increasing complexity in executive compensation contracts.

Then set specific targets going forward to improve on these weak areas, and create a series of milestones to mark your progress.

Having strong analytics and pay administration is more important than ever when addressing compression, she said, and employers need to be deliberate in setting their annual salary budgets.

He noted that employers offering unorthodox perks may lessen the stress of commuting to the office and working set hours, as well as move the needle on creating or bolstering a company’s culture.