North State SHRM News & Legal Updates
Your source of relevant news in HR in the North State, California and nationwide.
Erring on the high side when choosing a 401(k) savings default-contribution rate won’t likely discourage employees from participating in the plan, new research suggests. Plan sponsors’ experiences back up this finding. Setting default rates between 7 percent and 10 percent did not result in lower enrollment when compared to a 6 percent control rate. …read more
Artificial intelligence can improve decision-making, but make sure you carefully assess the technology to achieve the best results. …read more
Do-good corporate chiefs who invest in corporate citizenry could face the unemployment line if financials are failing. Also, can cute little emojis violate your harassment policy? Workforce editors Frank Kalman and Rick Bell reveal a study that claims CEOs who heavily invest company resources in good corporate citizenry are more likely to be fired amid sluggish financial results than CEOs at poor-performing companies that spend less on such do-good initiatives. They also ponder emoji use in the workplace.
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The post <a target="_self" rel="nofollow" …read more
Diane Gherson, chief human resource officer at IBM, and Kirsty Russell, head of people and culture at Logitech, debate the issue. …read more
Insurance giant Anthem Inc. announced this month that it will cut ties with pharmacy benefits manager Express Scripts Holding Co. and is moving to create its own PBM company. It will collaborate with another major PBM, CVS Health, to form a new PBM called IngenioRx in 2020 when Anthem’s contract with Express Scripts ends.
IngenioRx will drive lower prices and give the company the opportunity to offer transparency throughout the pharmaceutical supply chain, according to industry publication Modern Healthcare . Lack of transparency is a common complaint employers have about PBMs.
It’s still unclear how the cost savings that Anthem …read more
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