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.
Even if those administering your plan are familiar with the ERISA notice and disclosure requirements, it’s worth remembering the importance of notification during the series of benefits transfers that can occur from corporate takeovers. Not doing so, even if the accrued benefits are shifted to the new company, can leave participants unaware — and possibly […]
Existing sex discrimination guidelines (found at 41 C.F.R. part 60-20) have not been significantly updated since 1970. Since employer policies and practices—and the workplace itself—have changed dramatically since then, the U.S. Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP) has started action to update its guidelines.
Some employers believe that deducting from an employee’s pay can be done at their own discretion. However, the law scrutinizes pay deductions very closely, and the scope of acceptable situations for them may be far narrower than you think. Attorney Ted Boehm shares what you need to know.
Simply paying an aggrieved plan participant for unpaid benefits due was enough to make him whole under ERISA, so no further money damages were warranted as a form of equitable relief, a federal appeals court has ruled. With this conclusion, a majority of the full en banc 6th U.S. Circuit Court of Appeals overturned an earlier ruling […]
There’s still time to take our Benefits: Perks & Insurance survey and shape the conversation—as well as get a look at what your competitors might be up to!
In yesterday’s Advisor, consultant John Rubino described total reward statements and what employers should include in them to maximize their effectiveness; today, Rubino’s thoughts on how to communicate these statements to employees.
In yesterday’s Advisor, we shared tips on total reward statements (and what should be included in them) from Consultant John Rubino; today, his advice on the next very important step: communicating them to employees.
A valued employee is a retained employee. How can employers show their workers how much is invested in their efforts (beyond just their wages)? By providing total reward statements. Today, we present some advice on crafting these reports from Consultant John Rubino.
What is the Age Discrimination in Employment Act (ADEA), and are you in compliance?
If you want to retain employees, they need to feel valued. Employers can show workers just how much they’re being compensated for their efforts—beyond just their base pay—through total reward statements. Consultant John Rubino has some tips for crafting and communicating these overarching compensation reports.