What Is a Longevity Increase?
Have you heard of giving employees a “longevity increase”?
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.
Rules for QHP Transparency Soon Will Apply to Employers
Insurers and plan sponsors soon will have to report to the government (and list on a web page) their policies on: out-of-network liability and balance billing; enrollee claim submission; claims and denials; recoupment of overpayments; medical necessity; prior authorization; drug exception timeframes; explanations of benefits; and coordination of benefits. Guidance HHS published on Aug. 12 […]
The Results Are In! Highlights from BLR’s 2015-2016 Pay Budget Survey
How much have your pay rates increased in 2015? What will they be in 2016? Are they tied to the market or internally driven? What’s going on with your peer companies around the country?
Mutual Fund Companies Tend to Favor Own Funds in 401(k) Menus
Who has the most influence on an employer’s 401(k) retirement plan investment menu — you as the plan sponsor? Participants? The company’s ERISA attorneys or investment committee? Chances are, it’s the plan’s mutual fund manager. A new study from two U.S. university business professors and an economist for the U.S. Federal Reserve concludes that fund […]
Employee Leave—What’s Really Happening?
Employers struggle to provide a balanced and fair leave package for their employees. What’s happening with employee leave in the real world? What are your competitors up to? Help us find out!
What Laws Does the EEOC Administer?
While nearly everyone has heard of the Equal Employment Opportunity Commission (EEOC), not everyone knows how many laws and regulations fall within their purview. When pressed, many would guess that Title VII of the Civil Rights Act is within EEOC responsibility—and they would be right—but that’s not all.
Crafting an Effective Salary Structure: Art or Science?
Yesterday, we got some insights on the importance of a well-structured approach to compensation at your organization, courtesy of J. Timothy O’Rourke. Today, we look at his take on whether building an effective salary structure is more of an art or a science.
Pay Grades Are Key to Fair, Competitive Compensation
Whether you want to reward performance, time, knowledge, skills, or competencies, determining pay grades is the first step to creating an equitable, competitive compensation system. Without accurate pay grade determination, it won’t matter how valid the pay survey data you acquire are—your internal compensation will likely be too high or too low.
What’s the Scoop on Employee File Management?
Is your HR team currently spending way too much time managing documents? Are you struggling to comply with changing laws? What’s happening with document management in the real world? What are your competitors up to? Help us find out!
What Employee Benefits Are Required by Law?
When it comes to employee benefits, surprisingly few are required by law in the United States. For example, the United States, unlike most other countries, does not mandate that employers provide vacation days, sick days, or maternity or paternity leave.