Practical HR Tips, News & Advice. Updated Daily.
Pay surveys are an important tool for developing and maintaining pay plans that fairly reward employees without breaking the bank. But where should the information come from? Should it be gathered by someone in-house? Or paid for from a consultant? What are the options?
Payments by qualified retirement plans for accident or health insurance will be taxable distributions to participants in most cases, starting with the 2015 tax year, according to new IRS final regulations. Retirees are excluded from having to pay tax on plan payments for medical benefits, however. IRS on May 6 approved amendments to 26 C.F.R. […]
“Every spring, as college students nationwide prepare for finals and pull all-nighters to wrap up their spring semesters, many simultaneously ramp up their search for the perfect internship,” says Laura Fortman, principal deputy administrator of the U.S. Department of Labor (DOL) Wage and Hour Division (WHD) in a blog. “The WHD understands that these “foot-in-the-door” […]
Vacation time and paid holidays may be a relatively standard benefit to offer to full-time employees, but in the United States, it’s not actually legally mandated. While many employers are well aware of this, it’s important to make a note of, since employees often treat it as a right. In fact, vacation time is typically […]
It’s prudent to pay close attention to travel pay regulations because travel-related issues pose a significant risk for wage and hour claims. This is, unfortunately, an often-overlooked area.
[For the beginning of the survey report, go here.] Telecommuting Formal telecommuting guidelines are in place and employees are required to sign a formal agreement for 23.8%. An allowance to cover employee expenses for setting up telecommuting at their home is provided by 33.1%, 40.3% reimburse telecommuting employees for monthly Internet connections, and 54.2% reimburse […]
Performance appraisals—everyone does them, but few think their approach is optimal. What’s happening with appraisals in the real world? What are your competitors up to? Help us find out! Please participate in our brief survey and see how what you are doing stacks up against what other successful companies are doing. We’ll get answers […]
Highlights of our 2014 Perks Survey of over 2,000 employers: Paid holidays is the number one perk. Also in the top five: life insurance, LTD, STD, and paid vacation. For exempt employees, flextime is offered by 60.9%. Other benefits being offered include: Financial planning assistance (51.7%) Telecommuting (49.2%) Legal assistance programs (39.8%) On-site fitness centers […]
If you and your employees don’t work directly with company customers, it may seem that customer service training doesn’t apply to you. But it does. Customer service is an issue that involves everyone in the organization. That’s because all employees have customers. If they don’t have external customers, they do have internal customers, otherwise known […]
Defined benefit plan sponsors have gained a new incentive to fully fund their pension plans – even if that requires borrowing, according to a recent research report. The Moving Ahead for Progress in the 21st Century Act enacted in mid-2012 raised U.S. Pension Benefit Guaranty Corp. premiums for plan sponsors maintaining an underfunded DB plan, […]