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.
Employment is now a part of the retirement experience in the United States, and many newly retired Baby Boomers who are in a position to continue working are doing so for reasons beyond money, says a recent study.
Our IT department wants to be able to pay our IT staff for after-hours work or holiday pay other than comp time. These employees are exempt employees. We were wondering what other companies do in a case similar to ours?
By Susan Schoenfeld, JD The Office of Federal Contract Compliance Programs (OFCCP) has made it well known that compensation inequality is at the top of its enforcement agenda. In its fiscal year 2016 budget, the OFCCP says it will continue to focus on systemic compensation cases where agency reviews can have the greatest impact.
In Yesterday’s Advisor we discovered that the majority of American workers would choose better perks and benefits over better pay. Today we’ll discuss how they feel about salary expectations and job security. Where Do You See Your Salary in 1 Year? Glassdoor® asked its participants if they expected a pay raise or a cost of […]
A whopping 79% of employees would rather have better benefits or perks than have better pay, according to a recent survey conducted by Glassdoor®. Today we’ll explore some of the details of that survey.
Can you please advise me on the regulations for providing summary plan descriptions (SPDs) for our employees? Since we don’t have SPDs yet, should there be an urgency in getting them produced for distribution this year or can this be a project for 2016?
If you think that only older workers need to be encouraged to get flu shots, you might want to reconsider. This flu season, the federal Department of Health and Human Services is promoting the flu vaccine to younger adults; for several reasons, you might want to do this as well.
A new survey reveals that fewer nonprofits understand Affordable Care Act (ACA) requirements now, in 2015, than they did in 2014. Additionally, over half of surveyed nonprofits have not yet calculated the cost of ACA compliance.
As employers continue to load more health care expenses onto workers, more than half (53%) of employees are still choosing a major medical plan based on factors that may have little to do with the total cost of health care for which they are increasingly responsible.
The U.S. Department of Labor laid the groundwork for states to run ERISA-covered auto-enrollment individual retirement accounts and multi-employer retirement plans for people without workplace savings options, issuing proposed rules and an interpretive bulletin for that purpose. The so-called open MEPs give employers that don’t want to offer their own 401(k) plan a way to join with other companies […]