Practical HR Tips, News & Advice. Updated Daily.
This topic provides guidance on how to handle compensation issues in a way that attracts and retains the best talent and advances the strategic goals of your business. You get news and tips on what’s going on nationally and in the states, and updates on changes in regulations, possible governmental action, and emerging compensation trends.
For many employers, certain benefits have long been part of the overall compensation package. In particular, health and dental packages probably come to mind for most readers. In recent years, many employers have also started embracing wellness incentives, where employees are given various enticements for participating in company wellness programs. According to Employee Benefit News, […]
A recent survey by professional services firm PwC, in partnership with the London School of Economics, finds a significant intergenerational difference of opinion when it comes to fair pay and what constitutes ethical behavior around pay, with the younger population wanting stronger protection for the less well-off, compared to the older generation who are more […]
On October 3, 2017, the Internal Revenue Service (IRS) released Notice 2017-60, finally acknowledging that new mortality assumptions would be required for 2018 in the determination of minimum contributions and, by association, Pension Benefit Guaranty Corporation (PBGC) premiums. (See New IRS Mortality Tables for 2018 Bring Host of Concerns for DB Plan Sponsors.)
Defined contribution (DC) plan sponsors should be aware of a change under the new Tax Cuts and Jobs Act that extends the period during which a participant may pay the amount of an “offset” of an outstanding 401(k) plan loan to another qualifying plan or individual retirement account (IRA) to accomplish a tax-free rollover of […]
21st Century Oncology, Inc. (21CO) has agreed to pay $2.3 million in lieu of potential civil money penalties to the U.S. Department of Health and Human Services (HHS) Office for Civil Rights (OCR) and adopt a comprehensive corrective action plan to settle potential violations of the Health Insurance Portability and Accountability Act (HIPAA) Privacy and […]
Strong market returns and larger-than-expected employer contributions shored up the funded status of the United States’ largest corporate pension plans modestly at the end of 2017, compared with the end of 2016, according to an analysis released January 2 by consulting firm Willis Towers Watson.
The Internal Revenue Service (IRS) gave some larger-asset employer-sponsored retirement plans an unexpected break on Voluntary Correction Program (VCP) user fees in its first Internal Revenue Bulletin (IRB) of 2018, issued January 2.
The Arkansas Court of Appeals recently heard a claim that an employee injured her knee after falling in her employer’s parking. Was the employee entitled to workers’ compensation benefits?
The executive benefits and perquisites landscape may make you recall lessons from high school geology. Movement is often slow, but can result in dramatic shifts. As the competitive landscape adjusts to economic and societal forces, so do the ways companies seek to attract and retain their key executives. To find out whether (or how) benefits […]
In recent years, Health Savings Accounts (HSAs) have become the darlings of benefit departments everywhere—and for good reason. These accounts, connected with consumer-driven, high-deductible health insurance plans, offer some attributes you won’t find elsewhere.