Happy New Year! (Don’t Forget Your Personal 2014 Performance Appraisal)
Happy New Year, readers! Before you celebrate, take a moment to reflect on your accomplishments of 2014.
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.
Definition of ‘Excepted Benefits’ Would Expand under ACA Proposal
Two specific types of limited wraparound coverage could qualify as “limited excepted benefits,” under health care reform rules proposed Dec. 19 by the U.S. Departments of Labor, Health and Human Services and the Treasury. “Excepted” status would be available on a temporary “pilot” basis to coverage that: wraps around a Multi-State Plan offered by the U.S. Office […]
2015 Compensation Budgets—Are You Prepared?
2015 is nearly upon us, and for most companies that means reviewing their compensation budgets. Where to start? At the very beginning, says consultant J. Timothy O’Rourke. Understand the organization’s strategic needs, and know your market’s benchmarks.
Sorry, No Raise in 2015 (How to Deliver the Bad News)
In yesterday’s Advisor, advice on planning your 2015 compensation budget from consultant J. Timothy O’Rourke; today, O’Rourke presents a strategy for when money is tight, and what to do if your company can’t afford increases at all this year.
Top 10: Compensation & Benefits Daily Advisor 2014 Year in Review
As we reach the end of 2014, we take a look back at some of your favorite articles. Here’s a list of the top 10 posts on the Compensation & Benefits Daily Advisor website this year.
Tips for Preventing Fraud in Workers’ Compensation Claims
Most employers understand the benefits of workers’ compensation insurance. If an employee is injured on the job, the insurance kicks in to pay for the medical bills and at least a portion of the lost wages while the employee recovers. The employee doesn’t have to fear losing his or her livelihood after reporting the injury, […]
Opportunity for Employers to Give DOL Feedback on Provider Fee Disclosure
More than two years into the regulation’s implementation, the U.S. Department of Labor wants industry and plan sponsor comment on its regulation that requires retirement plan service providers to disclose fee information to fiduciaries. ERISA Section 408(b)(2) requires covered service providers to give fiduciaries information they need to assess the “reasonableness” of the administrators’ total compensation, […]
Retention Problems? It Could Be Your HTHJ Managers?
Your top talent won’t tolerate managers who tell them, “You should be Happy to Have a Job.” That mindset isn’t going to do it, says Consultant Ron Katz. An HTHJ attitude will send your best people packing.
ACA Transitional Relief: What Employers Ought to Know
Leading employee benefits attorneys recently discussed rules on calculating workforces and identifying to whom the employer must make an offer of coverage. Vanessa Scott, a partner with Sutherland Asbill & Brennan, Washington, D.C., and Malcolm Slee, of Counsel at the Groom Law Group, Washington, D.C.,discussed the counting and measuring rules spawned by health care reform during […]
Minimum Wage Requirements 101
Does your organization pay minimum wage for any roles? What about roles that are paid above minimum wage, but still close to it? Did you know this may not be enough to be legal if you’re taking certain deductions off that pay? Did you know that you may not be able to pay only the […]