Human Capital Management Blog

Bottom line, if you are a general or maritime employer subject to the new OSHA Silica Standard, OSHA is offering a 30-day grace period for employers who make “good faith efforts” to comply with the new rule. OSHA will extend compliance assistance to applicable employers.

On May 21, 2019, the IRS issued the new affordability rates for determining compliance with the ACA’s affordable coverage requirements. For plan years starting in 2019, the new affordability rate will be 9.86% of an employee’s household income for both the pay or play guidelines and premium tax credit eligibility. The .30% increase from 2018’s affordability rate (9.56%) is the largest increase since the ACA became law in 2012.

There are a number of challenges that retailers face when scheduling employees. Finding substitutes for last-minute cancellations Avoiding over or under-staffing Managing a high industry turnover rate Finding the right scheduling tool for your retail business can be a challenge. When looking for your best fit retail scheduling platform, here are a few considerations.

According to Gallup Poll research, 1 in 6 full or part-time working Americans also serve as a caregiver for a loved one. In most cases caregivers are unpaid, looking after an ailing parent or grandparent. For employers, this can have a significant impact on absenteeism and workforce productivity. A caregiver misses on average 6.6 days or work annually. The annual cost of caregiver absenteeism amounts to more than $25 million. As the baby boomer generation continues to age, even dedicated home care organizations are struggling to keep up with the demand. One local Albany home care provider shared that his growth problem has little to do with demand and everything to do with unavailable talent in the workforce. Nursing home or assisted living centers are cost-prohibitive, leaving families with little option but to take ailing and aging family members into their homes.

No matter what industry you are in, workforce scheduling can be a time-consuming, error-prone, and downright frustrating task. You need to match up employee availability, skill sets, and preferences with fluctuating business demand in order to maximize productivity and profits. To boot, poor schedule management can lead to increased employee frustration, decreased engagement, and higher turnover. The right employee scheduling software helps you put the right employees in the right shifts at the right time to minimize labor costs, overtime, and compliance risks and maximize business performance. When starting down the path of reviewing employee scheduling software, here are 10 questions to help guide your journey.

In a 2015 Harris Poll, 74% of respondents said that their company needed to be more data-driven (ie. fact-based) in workforce decision-making. Not a surprising statistic, considering only 27% of C-suite executives found their HR team able to provide them with actionable analytics to improve their decision-making. There are useless Human Capital Management (HCM) analytics—then there are HCM analytics that drive business decisions. As far as business leaders go, leave the “useless HCM Analytics” to the academics. What good is it to tell me that my turnover rate has dropped 3% on key employees when reducing key-position turnover has a negligible impact on bottom-line performance? So how do you start quantifying HCM analytics that can have a measurable impact on business performance?

Through a recent partnership between Kronos Inc. and analytic.li, Benetech now offers a new suite of analytics dashboards that combines the robust employee-performance, time and labor, and payroll data of Benetech’s HCM suite with business data from outside the system to gain clear insights into how business initiatives impact business performance. The new analtytic.li dashboard simplifies the effort and investment traditionally associated with launching a workforce analytics program.

With low unemployment and the competition for top talent at its peak, employers are seeking better ways to develop an engaging work environment that attracts and retains top performers. A recent Harvard Business Review article cited an internal study by Facebook on why employees chose to stay at the company. Researchers found that employees who stayed found work enjoyable 31% more often, used their strengths 33% more often, and expressed 37% more confidence that they were gaining the skills and experiences they need to develop their careers. In other words, employees want: to be in a place where their skills are both valued and developed, and feel like they are making a contribution to the success of the organization. An employer’s recipe for engaged and loyal employees, therefore, entails talent development, performance feedback, and opportunities for continued advancement in the organization. Here are 3 areas where Human Capital Management technology can help.