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.
by Todd Castleton of Proskauer Rose LLP When retirement plan sponsors adopt a “safe harbor” 401(k) plan design, they are deemed to be compliant with the actual deferral percentage (ADP) and actual contribution percentage (ACP) nondiscrimination testing provisions of the Internal Revenue Code (IRS)—the federal tax Code.
The Internal Revenue Service (IRS) has issued the 2017 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes.
In EEOC v. Orion Energy Systems, Inc., a federal district court considered a challenge to an employer’s wellness incentive program. As explained in part 1 of this article, the court rejected the company’s contention that the Americans with Disabilities Act’s (ADA) safe harbor for benefits administration should apply.
by Tami Simon, JD, managing director, Xerox HR Services A matchmakers’ business model centers on making connections. In the days of “Fiddler on the Roof,” the connection was made by an old woman named Yenta. Today, many matchmaking sites promote “uniquely designed” computer programs that promise to find a person’s perfect match (e.g., match.com, zoosk, […]
More than 60% of small business owners will offer a holiday or year-end bonus to employees this year, according to the most recent SurePayroll Small Business Scorecard®. It’s a spike from 2 years ago when SurePayroll surveyed business owners about bonuses, and only 52% were providing additional pay. This year, 64% will give a bonus. […]
My day job puts me in contact with a lot of HR and compensation professionals. Some need help with finding salary data for a job or with setting up job grades. Sometimes, though, they just need an ear to listen.
Question: Our company has a probationary period of 90 days for all new hires (both exempt and non-exempt) that does not allow holiday pay until after the probationary period is met. I read under DOL that FLSA does not require private employers to provide holiday pay. Are we violating any rules?
This time of year, companies that employ seasonal or holiday workers need to remember how to count them when determining the employer’s size for Affordable Care Act (ACA) purposes.
What is a Consumer Directed Health Plan (CDHP)? And how does a CDHP impact employers?
While it is not legally mandated for companies in the United States to provide vacation time for employees, many organizations still choose to do so. Yet, the statistics seem to show that U.S. employees rarely take all of the vacation time employers have promised, despite the fact that the average number of days provided is […]