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.
A federal appellate court affirmed the legality of Verizon Communications Inc.’s 2012 decision to offload more than $7 billion in pension obligations, in a ruling that lent further support for popular pension derisking measures. In Lee. v. Verizon, 2015 WL 4880972 (5th Cir., Aug. 17, 2015), two classes of plaintiffs — retirees whose benefits management […]
Jasmin Rojas, JD, Legal Editor Many consumers appreciate the simplicity and the usually significantly lower cost of using Uber as a means of transportation. However, the line between Uber’s services and those of a traditional taxi (where the driver is usually an employee) is one that is incredibly blurred.
The Affordable Care Act served dessert first, offering subsidized health coverage across the country before some of its less popular provisions were scheduled to take effect. But the government soon will start asking the country to eat its vegetables as cost-control measures phase in — and a lot of powerful lobbies are going to fight […]
After raising the minimum wage for its lowest compensated workers, Walmart is now cutting some workers’ hours to try to trim costs. Click here to read more.
As an employer of choice, you take time and effort to help your employees face the challenges that inevitably come along. Even (or maybe especially) for those who have diligently saved for retirement and kept themselves healthy to minimize their healthcare costs, there is one more danger lurking in the shadows: The cost of long-term […]
You may have read about different generations and how they view their work and their lives. The differences in their viewpoints, not to mention which attributes they seek as they decide on a job or a career, are significant. What does all this have to do with executive pay? Click here to read more.
In a 5-4 ruling in Obergefell v. Hodges released on June 26, 2015, the Supreme Court held that same-sex marriage is a fundamental right guaranteed by the 14th Amendment of the United States Constitution, expanding the right to gay marriage to the remaining 13 states that had not previously allowed it. Read more.
We have a departing employee who has withdrawn more from his FSA than he has contributed. Can we deduct the balance owed from his final paycheck? Deductions of this type are not permissible under the Section 125 rules for FSAs.
By Chris Hill, the founder and CEO of Spotlite Reaping the rewards of a rich assortment of medical and voluntary insurance products—such as lower costs and higher levels of employee satisfaction and retention—requires an engaging enrollment process that provides employees with all they need to make purchase decisions they feel good about. Read more.
In this article, we’re going to discuss employee wellness, but not in the way you might expect. Employees today often suffer financial ill health, so financial wellness is the topic. And financial wellness can cover a lot of ground in your benefits program and, more importantly, in your workforce. Read more.