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.
With the current focus in the retirement plans community on missing and unresponsive 401(k) plan participants, practitioners have sought additional guidance from the U.S. Department of Labor (DOL) to clarify the meaning of a “reasonable search” for participants by an ongoing plan (see August column). As the community waits, plan fiduciaries are reviewing their current […]
The Internal Revenue Service (IRS) has proposed regulations that would change the rules for hardship distributions from 401(k) and 403(b) retirement plans by replacing the facts-and-circumstances test for determining hardship eligibility with a three-part general standard.
With unemployment at its lowest in nearly half a century, employee retention is a major challenge for most employers. Factors like emerging markets, flexible work arrangements, remote employment, and contingent employment have made the professional landscape as competitive as ever.
I recently sat down with Chris Whitlow, the CEO of Edukate to talk about the 401(k). As many of you know, employers are knee-deep in annual reenrollments. This includes getting people to think about their investments, says Whitlow.
Healthy lifestyles can lead to overall better outlooks on life, which definitely hold promise for workplaces where Americans toil away day after day, week after week, month after month, and year after year.
In a previous post, we discussed Amazon’s recent announcement to raise the minimum wage of all U.S. employees to $15 per hour on November 1, 2018. The move was lauded by the likes of 2018 Democratic presidential hopeful and Vermont Senator Bernie Sanders.
The current tight job market has organizations looking to stand out from the crowd. Job hunters are frequently weighing multiple job offers and have come to expect health coverage and retirement savings options as part of the benefit offerings. Employers are finding they need to differentiate themselves from competitors in the marketplace. One way to […]
With growing income inequality and fears of losing low-skilled jobs to automation and new technologies like artificial intelligence, there have been increasing calls throughout the country for a “living wage.”
When flu season rolls around, there is a near constant fear of getting sick. Whether it’s from the germs that young children bring home with them from school or the sniffing coworker in the next office or cubicle, the flu is known for its contagious amplifying effect. And when it comes to work, the flu […]
Employees will be able to contribute up to $2,700 to a health flexible spending account (FSA) in 2019, a $50 increase from the 2018 amount, the Internal Revenue Service (IRS) announced in Revenue Procedure 2018-57.