Payroll and Compensation
The Ripple Effects of Pay Transparency: Opportunities and Challenges for HR
Pay transparency is slowly but steadily growing in popularity across the country. On Indeed alone, the number of U.S. job postings that provided salary information has more than doubled since 2020. The increase is partly due to pay disclosure laws going into effect, but there are also notable benefits companies receive when they promote transparency with employees. In a survey conducted...
AI at Work: Paychex Inc.’s Deep Dive into HR’s Technological Transformation
Paychex Inc.’s insightful survey, “Balancing Tech and Touch in Human Resources,” delves into the evolving landscape of HR, highlighting how AI integration is reshaping the field. It provides a nuanced understanding of HR professionals’ attitudes towards the expanding role of AI, alongside the inherent challenges of melding technology with human oversight. The survey presents compelling data: 59% of surveyed HR...
Addressing the Wage Gap: A Guide for HR Professionals
In today’s fast-evolving professional landscape, the wage gap remains one of the most pressing issues. In fact, this year’s winner of the 2023 Nobel Peace Prize in economics is Harvard University professor Claudia Goldin for her study into the drivers of the gender pay gap. Goldin’s groundbreaking insights span centuries, offering a comprehensive perspective on women’s earnings and labor market dynamics. Her...
Comprehensive Employee Well-being: A Strategic Imperative
In today’s evolving workplace landscape, ensuring employee well-being is more critical than ever. From prenatal care to corporate wellness programs and financial health, HR professionals must adopt a holistic approach to support their workforce. Recent developments and research underline the importance of these initiatives, offering valuable insights for HR leaders. Paid Leave for Prenatal Care New York’s landmark legislation mandating up...
Top HR Investments for 2024: Gartner’s Key Takeaways
As businesses strive to stay competitive and adapt to the ever-evolving landscape, HR leaders are placing a renewed emphasis on strategic HR investments for 2024. According to a recent survey by Gartner, focal points for HR investments include HR technology, learning and development (L&D), total rewards, and talent management. Here are three key takeaways from the survey that HR...