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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.
Let’s just say it’s not most people’s favorite thing to do. Known in human resources offices as “Open Enrollment,” the annual ritual of choosing your medical plan, opting in or out of dental and vision coverage, and deciding how much money to put in your flexible spending account is, as they say, “part of growing […]
By Jennifer Carsen, JD On September 8, the Department of Health and Human Services (HHS) issued a proposed rule that would add gender identity protections for individuals enrolled in coverage through the Health Insurance Marketplaces and certain other health coverage plans.
According to research released by The Conference Board (a global, independent business membership and research association), the median total compensation of CEOs of U.S. public companies in the Russell 3000 index soared 11.9% in 2014 over the previous year and as much as 34.7% over 2010. Equity awards (excluding stock options) represent 34.7% of the […]
We spoke with Dan Walter, CEO of compensation consulting firm Performensation, who urges compensation pros to avoid the path of “Beowulf.”
By Sharon McKnight, CCP SPHR I firmly believe that every company should have a written compensation philosophy that guides the design of its pay structure. For example, whether it will pay employees below, even with, or above the market.
A novel approach to determining damages owed by an investment adviser to two defined contribution retirement plans in an ERISA fiduciary-duty breach was part of a decision including a $15 million reimbursement request handed down recently by a New York federal judge. Plan sponsors should note that the defendant, WPN Corp., was ordered by the […]
Can an employee open up a Health Savings Account (HSA) if their spouse has a general purpose Flexible Spending Account (FSA)? If not, can they open up the HSA account once their spouse’s FSA is exhausted and closed? And once they do this, how does the employer who is contributing to the HSA abide by […]
Most people would probably choose custom over off-the-shelf if they had the chance—even when the product is health insurance. At least, that’s how Michael Jordan, who is president of labor and strategic accounts at MagnaCare, a healthcare services company specializing in self-insured plans and network solutions, sees it.
Results of a new survey show a “direct correlation between family-care benefits and workplace performance, as well as employee recruitment and retention,” says Donna Levin, cofounder and vice president of Care.com Global Workplace Solutions, the survey sponsor.
With many employers making changes to their health insurance plans, including accelerated adoption of high-deductible health plans, it’s more critical than ever for companies to strengthen their efforts to engage employees during their open enrollment periods, according to Chris Hill, CEO of Spotlite.