Voters in San Francisco have approved Proposition L, otherwise known as the "Overpaid Executive Tax," in a bid to tackle pay inequity. Any company trading in the city that has an executive who is paid 100 times more than their "typical local worker" will pay an extra 0.1% on their business taxes, rising to a potential 0.6% for each factor of 100. Full Story: NBC News (11/5)
Introducing Fidelity® Health Savings Funds The industry's first mutual funds developed for investing in HSAs, designed to help people address the uncertainty of saving for medical expenses. Learn more
Keep an ear open to employees' mental health concerns Discussing mental health with employees can be challenging, especially during a pandemic, but it's important to create an environment where they feel heard. Employers can help workers cope with stress and reduce mental health stigma by listening without judgment, sharing their own struggles, looking for emotional cues and offering helpful resources, writes speaker and author Deborah Grayson Riegel. Full Story: Harvard Business Review online (tiered subscription model) (11/3)
Employee Recognition is Stuck in the 80s Traditional recognition programs are as out-of-style as slap bracelets and velcro, with outdated technology, limited catalogs, and huge markups. Bummer. But you can bring your program back to the future. Download the ebook to see how.
Survey shows pandemic is affecting retirement plans A survey by Principal that included more than 4,700 workers and retirees showed 1 in 5 people said the effects of the COVID-19 pandemic were "changing the definition of retirement." Data showed 65% of workers said the pandemic will affect their retirement and 12% said they will have to work longer before retiring. Full Story: BenefitsPRO (free registration) (11/5)
Luis Fonsi's global hit "Despacito" has been overtaken by "Baby Shark" as the most-watched video on YouTube. Fun fact: With 7.04 billion views (and counting), the "Baby Shark" viewings would last 30,187 years (and counting) if they were watched consecutively. Full Story: BBC (free registration) (11/2)
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