Category: Benefits and Compensation
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.
Contrary to popular belief, work-life balance and work flexibility issues aren’t primarily women’s issues. In fact, in some cases it is men who use work-life benefits more frequently and are more likely to say that their work is interrupted for personal or family reasons. Click here to read more.
Can we ask an employee to pay their monthly portion for their health insurance while they are on disability? Thank you for your inquiry regarding employee health benefits while the employee is out on leave for a disability. The term “on disability” is a broad one that may encompass a variety of leave scenarios. For […]
Limeade, an employee health and wellness platform, has announced the winners of its 2015 Limelight Awards. The annual awards recognize employers who are leading the industry in employee wellness strategy with engaging programs that inspire change. Click here to read more.
A common problem with traditional health insurance is that even when the premium is paid by an employer, the copays and deductibles can be unaffordable. Potential answers are benefits such as telemedicine and health advocates. Click here to read more.
IRS on Sept. 14 released a new revenue procedure guide for retirement plan administrators seeking to avoid filing certain annual forms electronically, usually for economic hardship reasons. The changes are most likely to apply to small plans. In Revenue Procedure 2015-47, IRS provided some clarity on when some filers can continue using paper to submit […]
As the working world continues to evolve into a strange dichotomy—with the lowest unemployment rates since 2008 and at the same time employees’ insecurity about their jobs and their financial situations—the number of benefits you offer can play an important role in employee retention.
Did you know that the Equal Pay Act (EPA) is actually a component of the Fair Labor Standards Act? The EPA was established in 1963 and signed into law by President Kennedy.
Turnover costs for businesses are high and can significantly affect the financial performance of an organization or business. It has been estimated that, on average, it costs a company one-third of a new hire’s annual salary to replace an employee. What causes turnover? Click here to read more.
If you make an offer to a candidate that is contingent on passing your training classes, can you make those training classes unpaid?
Flexible benefit plans (also called cafeteria plans) offer employees multiple choices of benefits that are paid for by salary contributions on a pretax basis. These plans give employees a choice of which benefits they would prefer to take, and they also give employees the choice to forgo the benefit and take a cash option instead.