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The Work Opportunity Tax Credit (WOTC) is designed to be an incentive for employers to hire people who frequently face difficulty finding employment. As the name implies, this incentive is in the form of a tax credit. As such, it is administered by both the Department of Labor (DOL) and the Internal Revenue Service (IRS). […]
By BLR Founder and Publisher Bob Brady HR people must understand what drives their company on a basic level before they can come up with an HR strategy that fits. In a survey we conducted nearly 15 years ago, HR managers identified “strategic HR” as a high-interest issue, so we did a book on the […]
Executive compensation is sometimes called the “third payroll,” says consultant David Wudyka. There’s a general compensation strategy for exempt and nonexempt, but execs are paid differently, he adds. There are different types of incentives for executives, and taxation becomes increasingly important in compensation planning, says Wudyka, who is managing principal of Westminster Associates in Wrentham, […]
Pregnancy and Discrimination: Are Your Practices Compliant? Most employers know that pregnancy and discrimination do not mix. But unfortunately it still occurs too often, though not always intentionally. According the Bureau of Labor Statistics, nearly half of the U.S. workforce is comprised of women, and out of that group, roughly 80 percent are or will […]
Employers frequently insert confidentiality provisions into termination and settlement agreements to prevent others from learning the details of the arrangement or other sensitive information about the company. And once an employee signs such an agreement, you may think that’s the last you’ll hear of it. But a recent U.S. Supreme Court decision shows that nothing […]
By Rich Glass. The IRS is hitting the ground running. Just a few days into 2012, we received Notice 2012-09, which addresses reporting health care coverage costs on Forms W-2. Following are a nine more things that Glass says we can expect from the federal government this year. Affordable Care Act (ACA), Part I: Health […]
The 5th anniversary of that tragic September morning reiterates how important it is to plan for emergencies. Here are some of the basics. With the 5th anniversary of 9/11 approaching, there’s again discussion about whether anything could have lessened the extreme loss of life on that terrible day. Although the terrorists are ultimately to blame, […]
IRS on July 9 announced that it intends to amend regulations to prohibit defined benefit retirement plans from replacing retiree benefits being paid through joint and survivor, single-life or other annuity benefits with lump-sum distributions or other accelerated payments. The change is effective immediately, IRS said. Notice 2015-49 will amend IRS required minimum distribution regulations […]
A recent survey by Upwork called “Freelancing in America: 2018” confirms a trend towards workers moving increasingly into freelance and contract work. Stephane Kasriel, President and CEO of Upwork, recently sat down with the Daily Advisor editorial staff to discuss these results and what they mean for employers.
We know that we’re supposed to make a “genuine” offer of employment before we require medical tests and so on. But what do we do when we are waiting for one more reference to come back or the results of a background check? (We can do the background check before the offer, right?) Do we […]