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.
We have a departing employee who has withdrawn more from his FSA than he has contributed. Can we deduct the balance owed from his final paycheck? Deductions of this type are not permissible under the Section 125 rules for FSAs.
By Chris Hill, the founder and CEO of Spotlite Reaping the rewards of a rich assortment of medical and voluntary insurance products—such as lower costs and higher levels of employee satisfaction and retention—requires an engaging enrollment process that provides employees with all they need to make purchase decisions they feel good about. Read more.
In this article, we’re going to discuss employee wellness, but not in the way you might expect. Employees today often suffer financial ill health, so financial wellness is the topic. And financial wellness can cover a lot of ground in your benefits program and, more importantly, in your workforce. Read more.
HR can have a pivotal role in dealing with mental health at work by creating a culture where mental health is part of an organization’s overall commitment to wellness—which can in turn have a positive impact on workplace productivity. Read more.
Many individuals are left to their own devices when it comes to healthcare coordination. As illustrated by an infographic by NewBenefits.com, your employees can face a number of difficulties and frustrations when seeking treatment. That’s where health advocacy comes in.
Which is better—job evaluation or market pricing? Though many see them as competing processes, a blend of the two offers more benefit because it balances the strengths and weaknesses of each. Click here to read more.
The annual raise was once a staple of the American workplace. However, it’s now turning into a relic of the pre-crisis economy as companies turn to creative—and cheaper—ways to compensate their employees. Read more.
Can you deduct from an exempt person’s salary for loss, damage, or unauthorized expenses? All of these deductions would be problematic because the employee is exempt under the FLSA.
Market-based compensation uses salary survey data to match pay with rates paid in the external market. It’s not a job factor evaluation system but can be used to develop an internal job worth hierarchy. Read more.
Millions of Americans earn their living from behind a desk and computer screen, and while that’s a reality only likely to expand over the coming years, hundreds of nondesk jobs continue to grow and thrive, according to a recent analysis of labor market data from CareerBuilder. Read more.