Mastercard says that, on an adjusted basis, its female employees globally on average make 92.2% of men's salary. Mastercard is the second major US financial services firm, after Citigroup, to offer such transparency about its gender pay gap. Full Story: Bloomberg (tiered subscription model) (3/2)
Recruiting & Retention
Goal-oriented approach can reduce employee turnover Employee turnover is commonly caused by people being frustrated with their career path, which can mean a lack of promotions but goes beyond that, career experts say. "People become more connected and excited about work when they feel part of a 'bigger something,' " says speaker and author Howard Shore. Full Story: TED Magazine (2/26)
Ensure Compliance. Avoid Fines. Failure to post required state and federal employment law notices can result in fines of more than $35,000. Don't let one missed update cost you. Our Labor Law Poster subscription ensures you receive an updated poster with each change, or J.J. Keller pays the fine.
Employers pressured to get more information from health insurers Health policy groups want employers to get more information about pricing from the insurers that administer their plans and to take other steps to weed out price inefficiency. Total health care spending by employers and workers grew to $5,892 per person in 2018, up 18.4% since 2014, the Health Care Cost Institute found. Full Story: Bloomberg Law (free content) (2/28)
Business owners owe employees openness about coronavirus worries, writes Tom Gimbel, LaSalle Network CEO, who explains how he's handling it. His short email to employees advocates hand-washing and hand sanitizer, and gives them permission to skip handshakes with tips on how to explain it to customers. Full Story: Inc. (2/27)
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