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.
After increasing hammering from conservatives, the White House looks like it is ready to compromise on health reform’s contraception mandate. The administration had included contraceptives and sterilization in its list of preventive services all (except the few grandfathered) plans must cover starting plan years in August 2012. It had offered a year-long delay to religious […]
Everyone’s talking market pricing, but many are not doing it well. Even with limited resources, you can take the steps to align your pay structure with the market, says consultant Mary A. Rizzuti CCP, PHR. In today’s Advisor, Rizzuti, who is a principal at PHR Compensation Resources, Inc. in Upper Saddle River, NJ, shares her […]
In this post, we reported on new IRS proposed rules on purchasing qualified lifetime annuity contracts (QLACs) under certain retirement plans. Recently in his blog, an industry expert provided more details on the guidance’s significance. In his blog the Business of Benefits, Attorney Robert Toth Jr., explains how: With just a relatively short regulation and […]
Employers and plan administrators in California should continue to watch the pendulum regarding same-sex marriage in the Golden State, which has swung again. A three-judge panel of the U.S. 9th Circuit Court of Appeals ruled 2-1 on Feb. 8 in Perry v. Brown, Nos. 10-16696, 11-16577, that Proposition 8, the ballot initiative that amended the […]
The economic environment presents comp managers with many challenges, but base pay management is at the head of juggling act, says compensation consultant Mary A. Rizzuti, CCP, PHR. How can we remain competitive with smaller budgets? In today’s Advisor, Rizzuti, who is a principal at PHR Compensation Resources, Inc. in Upper Saddle River, NJ, shares […]
Self-funded companies can do a lot to improve employee health through wellness programs and creating “micro health delivery systems” (my term) with goals tailored to the firm’s employee population. The catch may be that only employers that are very large, very innovative and want to get very involved in health care may be able do […]
In yesterday’s Advisor, attorneys Chris Anderson and Sarah C. Maxwell provided guidance on Early Retirement Incentive Programs (ERIP); today. their tips for employee releases, plus an introduction to the all-in-one site for HR managers, HR.BLR.com. Releases of claims under the Age Discrimination in Employment Act (ADEA) are typically part of ERIPs, but they have to […]
ERIPs are a win-win, the attorneys say, because: Employers benefit from reducing wages and other costs associated with senior workers, and avoid the negativity associated with a RIF Employees benefit because a portion of that cost savings is passed to retiring workers who can retire earlier than they otherwise might. Anderson, a member of Miller […]
Releases of claims under the Age Discrimination in Employment Act (ADEA) are typically part of ERIPs, but they have to be carefully drafted and managed say the attorneys. If they are not, employees probably can keep the money and still sue you. Anderson, a member of Miller & Martin PLLC in Nashville, Tennessee, and Maxwell, […]