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.
Eliminating a participant option to switch to a defined benefit plan from a defined contribution offering does not violate ERISA anti-cutback provisions, even if participants’ accrued — but unclaimed — benefits are reduced. The recent ruling in Andersen v. DHL Retirement Pension Plan (Case No. 2:12-cv-00439-MJP WL 5389141, U.S. Dist., Western District of Washington Nov. […]
The survey gathered from responses from nearly 500 HR professionals. The infographic below offers insight into recruiting sources, trends in researching candidates on online, including social media, and recruiting challenges HR pros are facing.
Time will soon tell how many states will run health exchanges and expand Medicaid as directed in the federal health reform law. But for employer plans, the waiting game just draws out the inevitable confusion that may occur as those plans anticipate being impacted in different ways on a state-by-state basis, speakers explained at a […]
How much vacation time do employees accrue? According to the survey of 807 organizations, most reported that they provide 2 weeks of vacation time to employees in their first year of employment while most employers provide 3 weeks of vacation to those with 5 years of employment. Nearly all employees with 10 or 15 years […]
The infographic also links to answers on frequently asked questions (FAQs) regarding holiday pay as well as a sample paid holiday policy, and provides information on planned paid holidays for 2013.
When a self-insured health plan adopts value-based purchasing and insurance design, its goal is to persuade workers to adopt a healthy lifestyle and go to the best performing providers. That’s how plan savings occur, by catching cases before they become acute care cases that harm a self-insured health plan. Self-insured health plans that want to […]
A “snapshot” survey conducted in October found the start of disclosure of fees from retirement plan service providers spurred little change in the behavior of either plan participants or sponsors. A total of 176 defined contribution plan sponsors responded to the Plan Sponsor Council of America’s survey, launched a few weeks after sponsors began disclosing […]
Training is an essential component of any wellness program. “The education part is big,” says Peggy Cretella, an instructional design manager with Business & Legal Resources. “If you educate people, you empower them to be in charge of their own health” and to make healthier choices. Cretella, who developed the content for the online Wellness […]
Funding gains by U.S. corporate pension plans in September were erased in October, according to data Mercer Investment Consulting Inc. released Nov. 5. Mercer reports that the aggregate deficit in pension plans S&P 1500 companies sponsored increased by $26 billion during the latest month, to $619 billion. This deficit corresponds to an aggregate funded ratio […]