Searching Pondering Equity-Based Long-Term Incentive Plans on page 98

Sign-on bonuses, stock options and other incentives are generally appealing.

Setting the Tone This latest executive order is another indicator that the federal government is taking pay equity seriously, setting the tone for the rest of the nation when it comes to implementing similar pay equity laws, said Shardé Skahan, partner, labor and employment at Seyfarth Shaw LLP.

Details Executive Report & Online Reporting Tool In today’s economy, organizations are taking a cautious approach to salary budget planning—discover how they’re addressing uncertainty to stabilize salary structures.

This is a tax-free benefit for employees up to the defined annual limit.; In a nutshell, the amendments provide some long-term clarity and a valuable opportunity for employers to support their employees’ financial well-being, while also potentially improving recruitment and retention efforts (to meet the organization’s current and upcoming workforce goals).

“While it’s true that the scope of a fiduciary who provides ‘investment advice’ is more expansive under the new rule, it’s unlikely that total rewards team members will cross the fiduciary threshold simply by directing plan participants to financial resources or explaining the available options under a retirement plan (e.g., the timing and form of distributions),” he said.

Their greatest retirement fears are: ;Declining health that requires long-term care (49%); ;Outliving their savings and investments (44%); ;Social Security will be reduced or cease to exist in the future (44%); Baby Boom workers expect their primary source of retirement income to come from: ;Social Security (39%); ;401(k)s, 403(b)s and IRAs (30%); ;Other savings and investments (11%); ;Continued work (7%); ;A company-funded pension plan (7%); Eighty-five percent of Baby Boomers are saving for retirement in a 401(k) or similar plan and/or outside the workplace.

Access a related Workspan Daily article on this subject: The Numbers Don’t Lie: PTO Remains a Work in Progress; Access a bonus Workspan Daily Plus+ article on this subject: Rate Your Current State with This PTO Usage Audit Checklist; Don’t Just Depend on the Handbook Simply providing employees with a written summary of how many hours or days off they earn based on how long they’ve been with the organization may cause workers to forget about or not understand their benefit, or make them feel as though they shouldn’t fully utilize it.

For WorldatWork Members ;Which Geographic-Based Pay Strategy Is Best for You?

This is part one of a two-part Future Look, which will examine the growing interest in long-term remote work for companies and what challenges might lie ahead.

The number of long-term unemployed (those jobless for 27 weeks or more) increased by 179,000 to 1.8 million.