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The total student loan debt in 2023, including federal and private loans, has reached $1.75 trillion, with an average of $28,950 per borrower. United States student loan borrowers collectively owe a massive $1.78 trillion in federal and private student loans as of March 2023, as reported in the Federal Reserve’s most recent quarterly figures. During …

Continue reading “Student Loan Assistance Programs. Improving Employee Financial Well-Being”

Encouraging employees to take time off from work can have a positive impact on both their physical health and mental health, while also being advantageous for the business. When employees return to work after taking a break, they are likely to feel more refreshed and motivated, leading to increased creativity and productivity. Furthermore, adopting such …

Continue reading “Unlimited PTO vs Floating Days: A Complete Guide”

Recently, President Biden declared that the COVID-19 Public Health Emergency and which has been in effect since March 2020, will come to an end on May 11, 2023. The related National Emergency ended on April 10, after a bipartisan congressional resolution was signed to bring it to a close after three years — weeks before …

Continue reading “What does the end of the Covid-19 Public Health Emergency mean for employers?”

Since the pandemic, companies have dealt with the complexities of employment law related to remote and hybrid workers. It’s estimated that as of 2022, 26% of employees in the United States work remotely, and it’s projected that the number will reach 36.2 million by 2025. During the pandemic, 40% of workers reported being more productive …

Continue reading “DOL guidance for remote workers under FLSA & FMLA”

In 2022, employers made changes to their health benefits in response to the COVID-19 pandemic. Two of the more common responses were to increase employer contributions to health insurance and add more telemedicine options to benefits packages. At the beginning of the year, the quality of an employer’s health plan was important to prospective and …

Continue reading “Employee Benefits Trends for 2023”

The U.S. Department of Labor recently proposed a rule that clarifies how businesses of all sizes ought to classify workers. Whether a worker is treated as an employee or an independent contractor will have an outsized impact on the worker and also the business. Here’s what we all know up to now concerning the worker …

Continue reading “New Worker Classification Proposed by DOL”

For many people, the cost of borrowing for college is a lifelong burden that deprives them of that opportunity. Announced back in August 2022, President’s Biden student debt relief plan offers targeted debt relief as part of an effort to address the burden of increasing college costs and make the student loan system more manageable …

Continue reading “Student Loan Debt Relief Program – Info & Updates”

The Harvard Business Review – which has more than 9 million records of employees at 4,000 global companies – points out that mid-career employees have the highest resignation rate, and those that suffer most are the technology and healthcare industries. At the start of the pandemic, the job market was full of uncertainty and massive …

Continue reading “Proven Strategies to Retain Employees”

Employment laws and regulations are constantly changing, which means the struggle to stay compliant is never-ending. While many prospects can see the challenges of staying abreast of compliance regulations; the struggle is larger for employers. With a multitude of laws, rules, and regulations to comply with and employees that must be managed, staying on top …

Continue reading “Common Compliance Questions”

Remote work is the norm now, and it appears poised to remain the case for the foreseeable future. Still, employers continue to have a hard time adapting their workplace policies and solutions to the new reality. Find out all you need to know about remote work compliance, recruitment compliance, and employer responsibilities for remote workers. …

Continue reading “Compliance Requirements for a Remote Workforce”