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.
Dan Oswald, CEO of BLR®, offered his thoughts on what leaders can learn from Mariano Rivera in a recent edition of The Oswald Letter . Here are his thoughts. Either you love the New York Yankees or you hate them. I’m a hater. I grew up hating them. They were the antithesis of my beloved […]
Earlier this month, health insurance exchanges (also known as marketplaces) under the Affordable Care Act were launched, giving consumers — including COBRA qualified beneficiaries — new coverage options. Because qualified beneficiaries may come to employers with questions about enrolling in COBRA versus exchange coverage, here are some key issues to keep in mind. The key […]
Sales compensation philosophies should be in alignment with company objectives while still motivating the sales team—all without going over budget. This can be a challenge, but there are some tips to help employers get it right. The 5 ‘Rights’ of Sales Compensation “When we’re talking about sales compensation objectives, we define them as the 5 […]
What’s a Mitigating Measure? According to the Job Accommodation Network, a mitigating measure is a treatment, therapy, or device that eliminates or reduces the limitations of a disability. Medications, including widely prescribed depression and anxiety medications Medical supplies, equipment, or appliances, low-vision devices (defined as devices that magnify, enhance, or otherwise augment a visual image, […]
As the 2014 plan year nears, plan sponsors are still sifting through the recently finalized changes to HIPAA’s nondiscrimination rules on wellness programs. The rules, issued June 3 (78 Fed. Reg. 33158), legally took effect Aug. 2 and must be met for plan years beginning on or after Jan. 1, 2014. Along with raising the […]
With the DOMA ban on same-sex marriage being ruled unconstitutional, what does this mean for healthcare benefits—will a same-sex marriage be recognized in the same way as other marriages, thus allowing the same-sex partner to receive spousal healthcare benefits paid for at the pre-tax rate? This is just one of the many questions employers are […]
HR needs to be alert to the attitudes of supervisors and coworkers, says Eyres, who is managing partner of the Eyres Law Group LLP in Irvin, California. Here’s what your managers and supervisors are thinking: We only have to consider reasonable accommodations when the injury or illness is work-related. No, says Eyres, the source of […]
BOSTON, October 9, 2013 — Fidelity Investments®, a leading provider of workplace retirement plans in the not-for-profit higher education market, today released the latest findings from its Higher Education Faculty Study(i), revealing that while eight in 10 (82 percent) pre-retiree faculty members (age 55+) are confident they will have enough money to live comfortably in […]
Two indicators of U.S. corporate pension health topped 90-percent funding ratios for September, a significant sign of improvement in the vitality of defined benefit plans. Mercer’s S&P 1500 Indicator Rises Funding levels of DB plans sponsored by Standard & Poor’s 1500 companies monitored monthly by human resources consultant Mercer improved in the latest month, reaching […]
Executive compensation levels can set the tone for the competitiveness of the organization. How a company defines its executive compensation philosophy will determine how much is offered to executives, which will in turn influence the strategic direction of the organization. For example, does your organization strive to hire only people who perform higher than all […]