Compensation & Benefits

Starting in 2025, employees can contribute up to $23,500 into their 401(k) and 403(b) plans, most 457 plans, and the Thrift Savings Plan for federal employees, the IRS announced Nov. 1.

The Employment Cost Index increased 0.8% in the third quarter of the year, new data finds, after rising 0.9% last quarter, according to Bureau of Labor Statistics data released Oct. 31

As open enrollment season gets underway, even more data reveals that HR may want to increase education around benefits for their employees.

There is no federal law requiring voting leave—but a growing number of employers are offering paid time off so that employees can cast their ballots.

A new rule would require insurers to cover over-the-counter birth control—including birth control pills, condoms, and emergency contraception—at no cost to patients with private insurance.

With the U.S. presidential election just weeks away, employers are bracing for a big impact on their employees’ mental health. Benefits, flexibility, and healthy work environments can help.

New data should help dispel any assumptions that employees with unlimited paid time off abuse the benefit.

Inflation, GLP-1 drugs, and catastrophic medical claims are expected to push employer health care costs significantly higher next year. But there are some strategies that can help.