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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.
Anthem Inc. agreed to pay $115 million, and take specified corrective actions, to settle a consolidated class action that resulted from the massive cyberattack suffered by the health insurer.
HR professionals across all industries are increasingly engaged in discussions with company leadership about improving employee retention rates. In order to increase workplace satisfaction, considerable focus has been placed on strategies to truly engage with employees, ensuring they feel supported, happy, and healthy—both at work and in life.
On July 13, the Senate released a revised version of its proposed Affordable Care Act (ACA) repeal/replace bill, known as the Better Care Reconciliation Act of 2017. As of July 13, the Senate had not yet voted on the original version.
A health plan’s lack of a full plan document, and an erroneous reference to such a document in the summary plan description (SPD), did not defeat the plan’s claim for reimbursement from a beneficiary’s medical malpractice settlement, a federal appeals court ruled.
In 2013, Wisconsin’s unemployment compensation law was amended, creating a two-tiered system for determining when an employee is disqualified from receiving benefits. The first tier, disqualifying an employee terminated for misconduct, has been the standard for more than 75 years. The second tier, which became effective January 5, 2014, disqualifies an employee terminated for “substantial […]
The U.S. Department of Labor (DOL) on June 29 issued its fifth request (82 Fed. Reg. 31278) for public comments on the agency’s fiduciary definition and related exemptions, which took effect June 9. But the latest request for information (RFI) by the DOL since the rule’s inception in October 2010 may not be its last.
Summer’s here and employees are eyeing the exit door. And it’s not with yearning for fun in the sun. One-fourth of the workforce plans to look for a new job this summer, according to a study from Spherion Staffing Services.
The 2017 State of Telecommuting in the U.S. Employee Workforce report has been released by FlexJobs and Global Workplace Analytics. This report is the most up-to-date and comprehensive data analysis available on the state of telecommuting in the United States, and includes recent trends. Among the report’s significant findings: the number of people telecommuting in the […]
Severance benefits are payments made to employees upon termination of employment caused by events that are beyond their control, such as workforce reductions, plant closings, company takeovers, and mergers. Severance benefits are sometimes offered to encourage early retirement or voluntary resignation, or to discourage terminated employees from suing an employer.
The American Institute of CPAs’ (AICPA) Auditing Standards Board (ASB) recently issued a proposed Statement on Auditing Standards (SAS) that will affect all independent qualified public audits of employee benefit plans, especially limited-scope audits.