State Minimum Wage Increases for 2019 (Map)
Minimum wage increases will affect numerous states across the country in January 2019.
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.
DOL Proposes Allowing Vendor’s 401(k) Automatic Account Transfers
The U.S. Department of Labor (DOL) took steps toward allowing automatic small-balance 401(k) plan transfers to a new employer’s plan in a job change by proposing to exempt a vendor’s auto-portability program from some prohibited-transaction restrictions.
Two More Reasons HSAs Are Essential for a Healthy Retirement
Health Savings Accounts (HSAs) can be used to save for both current and future health expenses, demonstrating their value as a tool for physical and financial health today and in retirement. In addition to the triple tax advantage and investment capability that was discussed in yesterday’s article, here are reasons three and four to consider […]
Two Reasons HSAs Are Essential for a Healthy Retirement
Despite the recent increase in discussion around the need to save wisely for retirement, many Americans underestimate the healthcare costs they will face when they retire. In a study conducted by HSA Bank, 67% of consumers believe they will need less than $100,000 for healthcare expenses in retirement, and 82% believe they will need less […]
10 Things America’s Healthiest Employers Have in Common
Health, fitness wellness—whatever you want to call it—is a major focus in the United States, with health-related trends increasing significantly as Americans become passionate about staying fit and eating well.
IRS Raises Several Annual Retirement Plan Limits for 2019
For 2019, the Internal Revenue Service (IRS) is raising most of the annual threshold and benefit levels that apply to retirement plans, the IRS announced on November 1.
Infographic: Misconceptions About Popular Work Perks
When Millennials first entered the workforce, there was a mad rush to get trendy perks and incentives in place to attract this age group. However, now that Millennials make up a majority of the workforce, potential candidates and employees, alike, are speaking out about what work perks they actually want.
Leveraging Paid Volunteer Opportunities to Attract Gen Z and Millennials
As Generation Z (those generally born between 1995 and 2010) begin to enter the workplace, they’ll truly shine when they’re offered opportunities to give back to their communities and causes they care about. And Millennials also excel at work when they’re offered opportunities to give back and help others.
Should a Nonexempt Employee Be Salaried?
Most employers know that any employee who qualifies as exempt from overtime under the Fair Labor Standards Act (FLSA) must be paid on a salaried basis. Being paid on a salaried basis means that at least the minimum agreed salary for the week is paid, even if the number of hours worked may fluctuate. And […]
What Is the Payroll Audit Independent Determination Program?
You may have seen the recent Department of Labor (DOL) announcement that the Payroll Audit Independent Determination (PAID) Program has been extended by an additional 6 months. If you saw that and hadn’t already heard of this program, it may have you wondering what it is and whether it might be something your organization would […]