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.
A common problem with traditional health insurance is that even when the premium is paid by an employer, the copays and deductibles can be unaffordable. Potential answers are benefits such as telemedicine and health advocates. Click here to read more.
IRS on Sept. 14 released a new revenue procedure guide for retirement plan administrators seeking to avoid filing certain annual forms electronically, usually for economic hardship reasons. The changes are most likely to apply to small plans. In Revenue Procedure 2015-47, IRS provided some clarity on when some filers can continue using paper to submit […]
As the working world continues to evolve into a strange dichotomy—with the lowest unemployment rates since 2008 and at the same time employees’ insecurity about their jobs and their financial situations—the number of benefits you offer can play an important role in employee retention.
Did you know that the Equal Pay Act (EPA) is actually a component of the Fair Labor Standards Act? The EPA was established in 1963 and signed into law by President Kennedy.
Turnover costs for businesses are high and can significantly affect the financial performance of an organization or business. It has been estimated that, on average, it costs a company one-third of a new hire’s annual salary to replace an employee. What causes turnover? Click here to read more.
If you make an offer to a candidate that is contingent on passing your training classes, can you make those training classes unpaid?
Flexible benefit plans (also called cafeteria plans) offer employees multiple choices of benefits that are paid for by salary contributions on a pretax basis. These plans give employees a choice of which benefits they would prefer to take, and they also give employees the choice to forgo the benefit and take a cash option instead.
While retirement savings rates among women are catching up to those of men, the average salary deferral rate for women still lags behind those of their male counterparts. Click here to read more.
A third-party administrator faces California health privacy and unfair business practices charges for allegedly handing over a plan participant’s case management information to an employer, which then terminated her to avoid paying for her impending liver transplant. The TPA’s arguments for ERISA preemption failed because the plan participant’s state-law action could have been brought in […]
By Susan Prince, JD, Legal Editor The public comment period for the Department of Labor’s (DOL) proposed changes to the overtime regulations ended on September 4th, 2015. Almost 250,000 comments were received, which represent the diverse views on the proposed changes—particularly the steep increase to the salary level required for exemption.