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.
Compliance with the contraceptive coverage mandate under health reform is stayed until Aug. 1, 2013 for employers that fit into a slightly expanded enforcement safe harbor described by the Center for Consumer Information and Insurance Oversight (CCIIO) in an Aug. 15 memo. Reform’s preventive care mandate requires plans and insurers to cover a host of […]
Employers that pay advances, allowances or reimbursements to employees for work-related entertainment expenses — including taxpayers who, in turn, get reimbursed by their clients for such expenses — have until Oct. 30 to comment on a proposed regulation IRS published Aug. 1. The proposed rule clarifies who — among the employer, its client and an […]
Plan sponsors and participants both want to ensure better retirement savings but they often wonder which factor in the process matters most. A study from Putnam Institute suggests sticking with the obvious: The higher the deferral rate during an employee’s working life, the greater the long-term returns. Despite intense focus on fund performance in the […]
In response to health reform, some employers may stop offering health coverage and opt instead to pay a fine, give workers a raise and send them to state-run health insurance exchanges. Compensating for that , the individual mandate may drive about 4 million workers into employer plans, according to research from various sources compiled by […]
Four signs of bad turnover are: Your turnover rate is high compared to industry norms Your turnover rate is high compared those with whom you compete for employees A significant number of employees leave to work for competing employers You are losing many of your top performing employees. In these cases, begin to seek out […]
In spite of significant changes now in progress for the fee disclosures required from retirement fund service providers, a study of plan sponsors’ loyalty to these vendors shows increased satisfaction with them. The survey’s results may indicate that new fee transparency rules alone may not sway many plan sponsors to switch providers. The annual study […]
Turnover Makes Us happy When the people leaving the organization are exactly those you wished would leave, you can applaud turnover. Unfortunately, that’s not likely to happen. The employees you wish would leave usually hang on doggedly. (Who else would want them?) And of course, some degree of turnover is to be expected and is, […]
Lawmakers on Capitol Hill have put transit parity — that is, the equalization of mass transit and qualified parking benefits under tax Code Section 132 — back in play, after watching it fail earlier in the session. The legislation would extend a temporary parity provision that expired Dec. 31, 2011, for another two years. Sen. […]
Here, for example, is a (brief?) summary of what you and your organization will face in 2013: Health Insurance Administration Simplification During 2013 and on to 2016, HHS is to develop uniform standards to reduce the clerical burden on patients, healthcare providers, and health plans. A health plan must comply with the new requirements by […]
Beachboard, who is a shareholder in the Los Angeles and Torrence, California offices of national employment law firm Ogletree, Deakins, Nash, Smoak & Stewart, P.C., shared his model computer usage policy at the SHRM Annual Conference and Exposition held recently in Atlanta, Georgia. Model Computer Usage Policy This policy applies to all Company employees, contractors, […]