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For instance, if it’s critical to attract highly specialized or executive-level talent, you can intentionally set compensation packages near the upper quartile of industry benchmarks to more clearly communicate your company’s commitment to securing top talent.

Use the Tools at Your Disposal — And Keep Evolving Employers should understand what they’re trying to accomplish with a modernized benefits communications plan, Mowrer said, so they should set guidelines for how to measure success — and continue tweaking their approach.

When survey respondents were asked how they would pay for a costly and unplanned medical bill: ;48% said they would set up a payment plan; ;31% would use general savings; ;28% would rely on credit cards; ;12% would take a hardship withdrawal from their retirement account, with millennials (20%) and Gen Z (16%) more likely to do so than Gen X (6%) or Baby Boomers (3%); Other key findings from Equitable’s survey include: ;37% of Gen Z respondents use platforms like TikTok, Instagram, Reddit and YouTube for benefits information — more than any other generation.

“Employers can set defined budgets, work with specialized partners and still provide meaningful access to care that was once out of reach for many,” Farnsworth said, adding that, as with any health benefit, thoughtful design and strong clinical standards are key to responsibly managing costs.

.; Why This Matters Beyond Legal Compliance For many Indian organizations — especially those with large, diverse or contingent workforces — the new labor codes offer a unique opportunity: ;To see TR not as a set of allowances but as a cohesive, equitable and transparent package that includes basic pay, social security, health, safety, contract clarity and portability.; ;To build trust and fairness by leveling the playing field for permanent, contract, gig and platform workers.

In 2020, Target had announced it would set its minimum wage at $15.

Missed Revenue Targets Setting aside product competitiveness and pricing, investigate why the sales force might be missing sales goals .

Wellness weeks can bring positive results to employees and organizations, but they also can bring their own sets of complications, experts say.

Department of Labor proposed a new rule in October that will make it harder for these companies to classify workers as independent contractors under the Fair Labor Standards Act (FLSA) The rule is currently facing legal challenges and the California ruling could set the tone for how the FLSA rule is structured.

“I really need that information to be able to level-set with my finance people.