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.
Interest in transferring pension risk off their balance sheets and on to insurance companies appear to be accelerating among U.S. defined benefit (DB) retirement plan sponsors, according to a recent poll conducted by insurer MetLife. The poll’s results lead MetLife to predict 2017 will be “another very robust year of [pension risk transfer] market activity.”
We all want to see employees take the reins and drive their retirement accounts toward a successful finish. Some say educating is the key. But what kind of education, and in what format?
A new report form Northeast talent acquisition firm WinterWyman Search provides fresh data on salary trends for software and IT positions in Massachusetts. The report found that salaries in IT have increased by 10% in the past 2 years, while salaries in software have increased by 8% in the same period. The survey further found […]
The Internal Revenue Service (IRS) updated its special per diem rates for the transportation industry, incidental expenses, and the “high-low” substantiation method. These rates, announced September 25 in Notice 2017-54, apply to allowances paid to employees on or after October 1 for travel on or after that date.
A new Mercer survey has found that only 35% of employers favor a full repeal of the Affordable Care Act (ACA), while 51% actually oppose it (and 14% have no opinion). Instead, the survey found that employers prefer smaller changes to the law.
Employers invest a tremendous amount of time and cost in employee benefit offerings which are designed to help their employees save and financially prepare for retirement. Ironically, few employers are focused on the actual process of retirement and its workforce-related implications.
A federal appeals court recently confirmed that the Affordable Care Act’s (ACA) prohibition of lifetime benefits maximums does not apply to retiree-only group health plans. However, the court ruled, the plan had failed to disclose this adequately as required by the Employee Retirement Income Security Act (ERISA). The case is King v. Blue Cross & […]
An increased use of metrics, incentive and wearables are three trends in wellness programs according to a survey conducted among 8,000 of America’s Healthiest Employers, a leading independent recognition program for U.S. corporate population health. The survey report, The State of Corporate Wellness, conducted by Springubk and Fitbit Health Solutions, reveals what America’s healthiest employers […]
U.S. employers’ cost to provide employee benefits, measured as a percentage of pay, increased 24% between 2001 and 2015, fueled largely by a doubling in healthcare benefit costs, according to a new analysis by Willis Towers Watson (WTW). The analysis, according to WTW, “reveals a major shift in how employers allocate benefit dollars and prompts […]
In yesterday’s Advisor, guest columnist Dan Colgan shared a few ideas on taking a holistic approach to wellness and a few programs that can help. Today we present more from Colgan on events that can help boost the health (literally) of your company.