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.
By Nicole Mitchell Contractors often disclose the cost savings of self-insured plans with excitement, but buyer beware. Most contractors are surprised when I don’t immediately commend them on cost savings and instead ask them,“Did you know there are ’special‘ compliance requirements for self-insurance plans and failure to meet the compliance requirements makes the cost unallowable?” Most […]
The percentage of 401(k) plan participants borrowing from their retirement accounts has remained steady amid record levels of savings in the accounts, but one data point from Fidelity Investments’ latest quarterly analysis of the thousands of accounts it manages could be cause for concern. According to the retirement plan administrator for 13.5 million 401(k) participants, […]
Don’t make the mistake of thinking that having a compensation plan is the same has having an effective one. There are several warning signs that can alert employers when their compensation plan is not effective.
Market-based compensation utilizes salary survey data to evaluate an organization’s pay levels and can make them more, or less, competitive depending on the organization’s compensation philosophy—a framework within which compensation decisions are made.
In this video, BLR Legal Editor Susan Prince, JD, provides employers with what they need to know about the proposed overtime regulations, the first proposed major changes in 10 years. Watch the video below (transcript available here), and then use BLR’s new Proposed Overtime Rules Calculator to determine how the proposed changes will affect your […]
This dynamic and engaging slideshow also takes a look at the challenges employers are facing as they plan their pay budget for 2016. Learn how much pay rates increased in 2015, and what employers are expecting for 2016. More results from the survey available here.
In yesterday’s Advisor, we discussed wellness programs under the Affordable Care Act (ACA) and implications for employers; today, what you need to know regarding mandatory participation in wellness programs, along with other regulations under the ACA.
More of the provisions of the Affordable Care Act (ACA) have been officially implemented this year, and organizations still have many questions as to which rules and regulations apply to them. With wellness programs becoming more common, some wonder if they are governed by the ACA (and if so, what they need to train for). […]
To the loyal readers of the Compensation and Benefits Daily Advisor: Thanks for reading!
Today, we’re continuing our coverage of highlights from the results of the BLR® 2015–2016 Pay Budget Survey. Full survey results are available to our Compensation.BLR.com® subscribers on the website.