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Workspan Daily
05/27/2022
In 2017, for example, BofA raised the hourly minimum wage for its employees to $15, increasing it to $17 two years later.
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Workspan Daily
01/06/2023
Richter says that for new plans, it expands automatic enrollment (at a minimum of 3%) and auto-escalation (1% annually until at least 10% but not greater than 15%).
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Workspan Daily
03/20/2024
But only 15% are offering “hyper-personalized” benefits that leverage data and employee listening.
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Workspan Daily
02/07/2025
Southwest Airlines Sued for Underperforming 401(k) Fund
Southwest Airlines was hit with a class-action lawsuit on Jan. 29, alleging that it breached basic fiduciary duties under the Employee Retirement Income Security Act (ERISA) and violated its fiduciary duties by mismanaging the company’s retirement savings plan over a span of 15 years, according to an
announcement from law firm Sanford Heisler Sharp McKnight.
Author(s):
Workspan Daily Plus+
04/21/2025
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Preserving Talent While Trimming Budgets
Even though many workers agree they’ve relinquished some of the power in today’s labor market, they still have certain expectations of their employers, according to the Society for Human Resource Management (SHRM).
Author(s):
Workspan Daily
03/26/2025
Total rewards can represent up to
70% of an organization’s budget — and as the stewards of that investment, it makes perfect sense that HR and TR leaders would need a finance mindset, said Marta Turba, the vice president of content strategy at WorldatWork.
Author(s):
Workspan Daily Plus+
12/22/2025
If You’re Unintentionally Posting Ghost Jobs
Ghost listings may arise inadvertently, whether due to revisions in a job description after a post is already up, tests of artificial intelligence tools in job postings, budget freezes that halt the hiring process or other factors.
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Workspan Daily Plus+
01/06/2026
A positive ROI is an internal justification for:
;Budget expenditures — proving the program is a profit center, not a cost center.;
;Workforce planning — demonstrating the value of building talent over buying it.;
;Mitigating risk — showing that the internal pipeline is a strong solution against a tightening external labor market.;
A negative ROI is expected for the first six to 18 months of a new program.
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Workspan Daily
04/24/2026
Mercer experts cautioned HR leaders and benefits managers : “As investment decisions come under closer scrutiny amid tightening budgets, it will be essential to have metrics in place to measure program performance and demonstrate value.”
Author(s):
Journal Article
03/01/2020
Additionally, 67% of respondents would pay more toward retirement benefits and more than 40% would trade additional pay for more health care benefits, which was up 15 percentage points from six years prior.
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