Human Capital Management Blog

There has been a lot of recent focus on the rules governing employee schedules in New York State. Currently, there is a bill pending on new call-in pay regulations, which would penalize employers who failed to publish employee schedules with enough lead time, changed schedules in the last minute, or required employees to fill a schedule in the last minute.

As of today, the NY State Senate and General Assembly have both approved bill "S8380A", which is proposing to add the death of a family member to the list of qualifying events for Paid Leave. The bill is currently awaiting Governor Cuomo's signature.

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.

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.

Putting the right people in the most pivotal roles as quickly as possible—that’s the new competitive advantage. Most of us remember firsthand or recall from film the Miracle on Ice—the story of the USA hockey team that upset the world-champion Soviets in the 1980 Winter Olympics. When questioned about his strategy and player selection coach Herb Brooks in the Disney telling of the event responds, “I’m not looking for the best players, I’m looking for the right ones.” Want another sports movie analogy—try Moneyball. It captures the true story of Oakland A’s General Manager Billy Beane and how he used human capital data to build a leading team on the league’s smallest budget that won a record-breaking 20 games in a row.

Human Capital Management (HCM) is one of those nebulous terms in the talent management conversation. Is it competency management? Is it recruiting and succession planning? Is it streamlining the daily HR tasks essential to organizational survival?