Welcome to The Source, your one-stop-shop for the latest and greatest HR and benefits news. Our weekly publication highlights this week’s top stories in human resources, benefits administration, insurance, legislation and more to make sure you can stay on top of industry trends and changes. Start off your week on a high note with The Source!In this week's edition, we explore the end of 'culture fit' during the hiring process, top takeaways from this year's SHRM legislative conference, cybersecurity best practices for remote employees and more! Click To Tweet
Key Takeaways From SHRMs Legislative Conference
From Ivanka Trump hinting at new paid leave proposals to SHRM president Johnny C. Taylor, Jr., discussing new ways employers can address the talent shortage, the Society for Human Resource Management’s annual legislative conference tackled a number of issues that are on the minds of HR and benefit professionals. If you missed the conference, don’t fret. Check out EBN’s recap of this year’s top takeaways.
5 Cybersecurity Best Practices For Anyone With Remote Employees
Currently, 3.9 million Americans work remotely, which marks a 115 percent increase from 2005. Estimates indicate that more than one-third of employees will work remotely in the next 10 years.
However, despite the productivity and cost-saving benefits of remote work the concept introduces serious cybersecurity risks that have the potential to devastate entire businesses. Here are five best practices to keep your employees and data safe, via BenefitsPRO.
The End Of Culture Fit
A hiring process built around an undefined notion of “culture fit” is fraught with bias. In some organizations “culture fit” has become a weaponized phrase that interviewers use as a blanket term to reject candidates that don’t match the hiring manager’s view of the ideal candidate; and as such, it has become the embodiment of unconscious bias. Most interviewers are more likely to hire people like themselves and discount those who are different. This type of thinking hinders diversity and leads to homogenous cultures. More on the death of ‘culture fit’ from Forbes.
The Gender Pay Gap Annual Report
Since Payscale started tracking the gender pay gap, the difference between the earnings of women and men has shrunk. But significant disparity in how men and women are paid still remains.
The uncontrolled gender pay gap, which takes the ratio of median earnings of all women to all men, decreased by $0.05 since 2015. However, women still make only $0.79 for every dollar men make in 2019. See more in this breakdown from PayScale.
Why Amazon Accepting HSA Dollars Is A Big Deal
Amazon’s move to allow consumers to use their HSA or FSA to purchase thousands of eligible items on its site — from Band-Aids to contact solution and cold medicine — is a smart initiative from the online shopping giant. It solidifies its footprint in the healthcare realm. From launching their employer healthcare partnership in January 2018 to acquiring online pharmacy startup PillPack in June, Amazon has had a busy year making inroads in the healthcare space, an industry which accounts for nearly 18% of GDP in the United States. Get the scoop on Amazon from Employee Benefit News.
This Week At PlanSource: Partner Spotlight
Did you know? PlanSource partners with over 25 of the nation’s leading insurance carriers and HCM providers to help our clients have the best benefits experience possible. From our PlanSource Advantage partners, who provide monetary credits for participation in specific product lines, to our featured HCM providers that bring a fully integrated HCM and benefits experience, check out our full list of partners and programs.
PlanSource Acquired By Vista Equity Partners
We’re thrilled to announce that PlanSource is joining Vista Equity Partners (Vista), a leading investment firm focused on enterprise software, data and technology-enabled businesses. Our new partnership with Vista is a landmark moment that will accelerate our growth and provide a strong network of support to fulfill our mission of revolutionizing the way benefits are bought, sold and managed. It will allow us to move forward with the same mission, focus and leadership team – but with greater investment in the business and more tools and capabilities to help our customers and partners achieve their goals. You can learn more in our corporate press release.