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.
The past several years have seen employers of all kinds dabbling in nontraditional types of paid leave. One of the more notable offerings has been unlimited vacation time, but research has found that such leave is actually counterproductive—peer pressure prevents most employees from actually taking advantage of it.
In the ongoing battle for benefits supremacy, employers are increasingly offering perks that probably never would have even crossed their minds just a decade ago. As with so many changes in the workplace these days, the shift has been prompted by Millennials, who are drawn by more than the bottom-line salary.
A struggling employee’s cancer diagnosis complicated her performance issues. Can the employer terminate the employee for her performance issues while she’s undergoing treatment?
The Massachusetts Appeals Court recently had the chance to review an award of unemployment benefits to a bus driver who didn’t drive kids to school for 3 days during Thanksgiving week. The court’s decision surprised us, and it may surprise you, too.
Minimum wage increases will affect numerous states across the country in January 2018.
A recent U.S. Department of Labor (DOL) Wage and Hour Division investigation of Alabama-based government contractor InfoPro Corp. found an unintentional software glitch caused employee health and welfare benefits to be underpaid from July 1, 2015, to September 30, 2016. Division investigators determined that InfoPro owed $126,329 in health and welfare benefits to 84 employees […]
The 6th Circuit—which covers Kentucky, Michigan, Ohio, and Tennessee—recently heard a claim by an employee who alleged that his pension credits were improperly calculated and did not give him sufficient credit for compensation he received during military leave.
The number of health savings accounts (HSAs) surpassed 21 million, holding about $42.7 billion in assets, according to a research report by Devenir. The investment advisor firm noted that represents a year-over-year increase between June 30, 2016 and June 30, 2017, of 23% for HSA assets and 16% for the accounts.
The Pension Benefit Guaranty Corporation (PBGC) and Sears Holdings Corporation have reached a new agreement that will provide, upon closing, approximately $500 million in funding for Sears’ two pension plans, including contributions already made by Sears since August 2017. The pension plans cover about 100,000 participants. Closing on the agreement should occur in about 3 […]
Does your organization sponsor events for employees to encourage teambuilding? Why or why not?