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Workspan Daily
08/04/2023
Citi to Track UK Office Attendance
“One swipe per person, per day, per location will be captured,” the memo said.
Workspan Daily
02/13/2025
How Much to Pay Tipped Employees? That’s a Loaded Question
Currently: ;30 states (plus the District of Columbia) have a minimum wage rate that exceeds the federal rate.; ;12 states have minimum wages that match the federal rate.; ;5 states (Alabama, Louisiana, Mississippi, South Carolina and Tennessee) have not adopted a state minimum wage.; ;3 states (Georgia, Oklahoma and Wyoming) have a minimum wage below $7.25 per hour.; For the eight states in the last two bullet points, the federal minimum wage of $7.25 per hour generally applies.
Author(s):
Paul Arnold
Workspan Daily
05/07/2025
Young Workers Opting for the Job-Hop Instead of the Climb
Access a bonus Workspan Daily Plus+ article on this subject: ;How to Contend with a Job-Hopping Workforce; When comparing positions held by workers after the age of 21 (excluding part-time and short-term work during high school or college), the research revealed the following longevity averages: ;Baby Boomers: 3.6 employers in 27.1 years (7.5 years per job); ;Generation X: 4.2 employers in 19.4 years (4.6 years per job); ;Millennials: 3.9 employers in 9.2 years (2.4 years per job); ;Generation Z: 2.7 employers in 2.8 years (1 year per job); Although the data may exclude some shorter-term, early career jobs not listed by older workers, the gap is more than significant enough to account for those omissions, and it still paints a picture of dramatically increased job-hopping by the workforce’s newest entrants, said Jesse Wheeler, a senior macroeconomic analyst at Revelio Labs.
Author(s):
Rebecca McKinsey
Site Page
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Journal Article
03/15/2023
Long-Term Care Insurance with Particular Attention to the CalPERs Disaster
For the United States, the average cost of a private room in a nursing home is $303 per day, which comes to $110,595 per year.
Author(s):
John G. Kilgour
Workspan Daily
09/13/2024
Workspan Daily News Bytes for Sept. 13, 2024
Save Reuse Permission Bank of America Raises Minimum Wage for its Workers to $24 Per Hour Bank of America has announced it is raising its minimum wage to $24 per hour.
Author(s):
WorldatWork Staff
Workspan Daily Plus+
04/23/2025
Rate Your Current State with This PTO Usage Audit Checklist
Quantitative Data Collection: 🗹 Number of PTO requests;; 🗹 Number of PTO approvals;; 🗹 Average PTO accrued per employee;; 🗹 Average PTO used per employee;; 🗹 Reasons for PTO usage (e.g., vacation, personal leave, sick leave);; 🗹 Reasons for PTO not being approved;; 🗹 Employee headcount;; 🗹 Overtime hours worked; Qualitative Data Collection: 🗹 Reasons for not taking leave (e.g., workload, lack of coverage, manager disapproval, accruing for a later purpose);; 🗹 Employee understanding of PTO policies;; 🗹 Employee perceptions of corporate/department culture on taking time off;; 🗹 Employee feedback on improving PTO usage;; 🗹 Manager’s challenges in approving PTO requests (e.g., late requests, holiday weeks, request/approval system, staffing issues);; 🗹 Impact on team/department when employees are absent (high, low, unacceptable, etc.).;; 🗹 Manager feedback on improving PTO usage;; 🗹 Focus group sentiments regarding the effectiveness of PTO policies and practices that impact
Author(s):
Shari Lau
Workspan Daily
01/10/2025
Workspan Daily News Bytes for Jan. 10, 2025
The sector added an average of 18,000 jobs per month in 2024, below the average increase of 23,000 per month in 2023.
Author(s):
WorldatWork Staff
Tools
WorldatWork KPIs and Business Formulas
Total Compensation = Base Compensation + Incentive Compensation + Total Benefits Total Rewards: People and Talent Metrics Absence Rate Absence Rate = (Number of Days Absent / Total Number of Available Workdays) x 100 Cost Per Hire (CPH) CPH = Total Recruiting Costs / Number of Hires Employee Engagement Index Engagement Index = Sum of Engagement Scores / Number of Respondents Human Capital ROI (HCROI) HCROI = (Revenue - Operating Expenses - (Compensation + Benefits Costs)) / (Compensation + Benefits Costs) Offer Acceptance Rate Offer Acceptance Rate = (# of Offers Accepted / Number of Offers Made) x 100 Offer Decline Rate Offer Decline Rate = (# of Offers Declined / Number of Offers Made) x 100 Revenue Per Employee Revenue Per Employee = Total Revenue / Total Number of Employees Time to Fill Time to Fill = Sum of Total Days to Fill All Roles / Number of Roles Filled Training Investment Per Employee Training Investment Per
Workspan Daily
07/24/2024
Employers Look to Balance Rising Health Costs, Benefit Upgrades in ’25
In addition, Frost shared Alight’s client data showed only 51% of employees who are earning under $40,000 per year were enrolled in employer-sponsored health coverage in 2024 (down from 61% in 2022), while employees earning $40,000 to $60,000 per year only had 78% enrollment in 2024 (down from 82% in 2022).
Author(s):
Audrey Ingram
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