Last year, UK authorities started requiring organizations with 250 or more employees to gather statistics about their gender pay gaps. The results were published this month, revealing that women are underrepresented in leadership positions, that some industries are downright hypocritical in their practices, and much more.
As millennials flood into the global workforce, companies may need to adjust some of their practices to keep these younger workers in their jobs. The first step to retaining them is determining what they value in the workplace.
Canada recently expanded its parental leave policy to provide better work-life balance for families. We explain why the changes are controversial, and we give an overview of family leave benefits from around the world.
A new initiative in Singapore gives employers a framework for offering benefits such as flexible schedules and telecommuting. It's part of a global push for work-life balance, and Singapore authorities believe the initative will improve employee retention rates, productivity and engagement.
The UK's automatic enrolment law will affect nearly a million UK employers in 2017, more than double the number of employers it affected last year. Small and micro UK employers can now no longer afford to put off implementing a compliant pension plan.
US tax filing due dates have been changed for the first time in more than three decades, including returns for partnerships and corporations. The changes go into effect starting with 2016 US tax returns, which will be filed in calendar year 2017. This post contains an easy-to-read chart showing the new (and former) due dates.
By February 2018, all UK employers must have a pension plan that automatically enrolls employees, with mandatory minimum contributions from both the employer and employees. Employer deadlines, or staging dates, vary by company workforce size, and many larger UK firms must now have auto-enrolment plans already in place. If you’re a UK employer that has not reached its auto-enrolment staging date, here are some pitfalls you should be aware of.
This week's Global Glance looks at the Pew’s new digital economy survey; how Senator Warren’s speech on the gig economy sparked a global debate; and France's ongoing labor unrest.
Achieving a balance in the area of family leave is critical for multinationals. HR leaders should ask themselves: How can we develop family friendly leave policies that comply with local labor laws and customs, and encourage a healthy work-life balance, all while ensuring that our growing business remains financially sustainable?
The gender pay gap is a worldwide problem; it exists in every nation. Perhaps the most telling statistic demonstrating this inequality is the gender pay gap: on average, women earn 46% less than men earn. In fact, the annual pay for women only now equals the amount men were earning 10 years ago. Increasing attention to the gender pay gap around the world has inspired governments and advocacy groups to take action. In this climate, it is increasingly important for employers to ensure that they are paying their employees fairly and in compliance with the laws of the countries in which they operate.
Employee engagement. It’s a buzzword that conjures up a multitude of different things for employers all over the world. To some, employee engagement is something fluffy, even intangible — at best an HR “nice to have.” To others, employee engagement is fundamental to their business culture and working environment. But what really is employee engagement, and what are its benefits to global employers?
When it comes to employee compensation, equity reward is often seen as a complex area to be avoided. In reality, equity rewards — including stock option plans — are becoming an increasingly integral part of many global employers’ remuneration packages, and something that many top prospects have come to expect. In this blog, I summarise the most common types of equity reward plans and then outline some typical reporting and compliance requirements.