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If you are planning to develop or make changes to your current total rewards program, you will likely seek input from several external sources, including benchmarking data. But you will also need to gather substantial internal input, such as leadership’s philosophy towards total rewards, and, perhaps most importantly, get input from your internal customers.
by Lisa Higgins, Contributing Editor We know, you’ve heard a lot about the differences between the generations, especially when it comes to work and benefits. What do the Millennials want from their employers? How does that compare to the Baby Boomers’ expectations? And please, just because they’re a smaller group, don’t forget about the Gen […]
It is more important than ever that companies evolve as quickly as the workforce in order to survive. The quality of talent, of course, has always been a top priority for business leaders and HR professionals. Nevertheless, there remains a lot of work to be done when it comes to retaining employees that have one […]
by Todd Castleton of Proskauer Rose LLP When retirement plan sponsors adopt a “safe harbor” 401(k) plan design, they are deemed to be compliant with the actual deferral percentage (ADP) and actual contribution percentage (ACP) nondiscrimination testing provisions of the Internal Revenue Code (IRS)—the federal tax Code.
The Internal Revenue Service (IRS) has issued the 2017 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes.
What are some best practices to ensure success with reverse mentoring? As with any mentoring relationship, it is important to educate employees in advance about their roles, to create a plan up front for the mentoring partnership (e.g., what the mentee wants to learn, how frequently the mentor and mentee will meet), and to follow […]
In EEOC v. Orion Energy Systems, Inc., a federal district court considered a challenge to an employer’s wellness incentive program. As explained in part 1 of this article, the court rejected the company’s contention that the Americans with Disabilities Act’s (ADA) safe harbor for benefits administration should apply.
This time of year, companies that employ seasonal or holiday workers need to remember how to count them when determining the employer’s size for Affordable Care Act (ACA) purposes.
What is a Consumer Directed Health Plan (CDHP)? And how does a CDHP impact employers?
While it is not legally mandated for companies in the United States to provide vacation time for employees, many organizations still choose to do so. Yet, the statistics seem to show that U.S. employees rarely take all of the vacation time employers have promised, despite the fact that the average number of days provided is […]