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.
It’s no secret that the recession of 2007/08 resulted in an array of new regulations, especially in the financial services arena. Banking, especially, became subject to new regulation intended to avoid the circumstances that originally led to the recession. The regulation doesn’t end with your mortgage loan or bank money market account. We spoke with Kathy Smith, President of Bank Compensation Consulting to find out how the industry’s highly regulated environment has led to creative compensation solutions—many of which can apply to any industry.
An employee’s various health problems and injuries caused her to accumulate multiple absences, and she was terminated. Is she entitled to unemployment benefits under South Dakota law?
Living paycheck to paycheck to make ends meet is a way of life for a majority of U.S. workers. And minimum wage workers aren’t the only ones struggling financially.
One of the benefits full-time employees take as a given is health insurance. But, as premiums continue to rise disproportionate to other costs, companies increasingly have difficulty covering the expense.
Employers that operate globally must often set up offshore locations and find employees to staff them. It follows that employers who sponsor retirement savings plans for their eligible U.S. employees likely will want a similar benefit for their employees outside the country. Many are taking steps to find the best way to make that happen, […]
Retirement plan recordkeeping, trust, and custody fees—in a steep decline for years under pressure from sponsors, participants, federal regulations, and litigation—remained flat for the first time since 2010, according to a new survey.
HIPAA has become synonymous with medical records privacy, for good reason. Enacted more than 20 years ago, it gives individuals the power to decide who has access to their health records and has forced major changes in the way health care providers, health plans and businesses handle records.
Late last year, the Massachusetts Appeals Court ruled that commissions are “due and payable” under the Massachusetts Wage Act at the time an employee resigns or is terminated, even if the employee might not be eligible to receive the payments under the terms of the company’s commission agreement or plan. (See, Commission Structure Doesn’t Justify […]
Police officers and firefighters have special overtime rules. Overtime pay for most employees is based on a 7-day workweek. Overtime pay for police officers, firefighters, and related employees, on the other hand, may be determined on a 28-day work period.
What does it take to become a talent magnet?
