HR issues at stake in tight US presidential race | Workers call for flexible schedules, shorter work weeks | AGC: Construction employment rises in 40 states
The US elections are poised to influence several HR issues, including tax policies, overtime pay rules, minimum wage increases and individual coverage health reimbursement accounts. The expiration of the 2017 Tax Cuts and Jobs Act provisions could lead to debates over taxing employer-sponsored health care premiums.
Seventy percent of employees want companies to rethink the 40-hour work week, with 89% favoring flexible schedules and shorter work weeks, according to FlexJobs' 2024 Workforce Wellness Report. The analysis highlights the prevalence of overwork, with 58% of respondents feeling pressured to stay on the job past their regular hours and 80% enduring toxic employment environments.
Understanding the ins and outs of running payroll across borders can be overwhelming. From fines to compliance issues, plus the burden of additional work, companies risk so much when they get payroll wrong. With Oyster's new global payroll guide, uncover how to run payroll for your international team with ease and with confidence. Download Oyster's global payroll guide here.
A study by University of Basel and University of Leicester researchers indicates that exercise intensity is more important than duration in reducing mortality risk. Analyzing data from 7,518 US adults, researchers found that higher-intensity exercise significantly lowers the risk of early death, particularly from cardiovascular disease. The study suggests that even small increases in intensity, such as brisk walking, can have substantial health benefits.
HR leaders are advised to focus on differentiating compensation packages through benefits like caregiving assistance and mental health support, as competitive pay alone is now considered basic. Policies for remote and hybrid work are highly valued, with many employees willing to receive less salary if they can work from home.
To conduct compassionate layoffs, it's crucial to approach the process with empathy and support, including organizing one-on-one conversations, offering job search assistance and allowing employees to express their emotions, writes Indiana Lee. "By remaining calm and comforting, you should see your employees reach some sort of closure," Lee notes.
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SmartBreak: Question of the Day
The dream of the Roaring Twenties came crashing down Oct. 24, 1929, when investors sold the largest number of shares on the New York Stock Exchange in US history. Five days later was Black Tuesday, when the highest number of shares were traded in a day. How many?
Conversations about revamping the traditional 40-hour work week are picking up steam, as we see in today’s Recruiting & Retention story. I don’t know any companies that are paying employees for a full 40 hours but letting them work less than that. My daughter’s company lets folks work a four-day (10 hours each day) work week. Employees get to choose the days they work. Kawai loves it. She works Tuesday through Friday and uses weekends and Mondays to take care of household tasks.
Would your company be willing to consider this model? Is anyone out there doing it already? If so, has it been a good experience? Let me know!
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