Tag: benefits

New Benchmarking Analysis Identifies Recent Trends in Balancing Benefit Costs and Attracting Top Talent

By HR Daily Advisor Staff Mar 7, 2017 Benefits and Compensation

Updated: Jan 7, 2018

When employers have a sense of how their peers’ benefits and compensation approaches measure up to their own, they can more confidently identify opportunities for improvement. The Best-in-Class Benchmarking Analysis produced by Arthur J. Gallagher & Co. (Gallagher) examines the strategies and tactics used by high-performing organizations to control healthcare cost spending while competing for […]

banking

CMS Releases 2016-2025 Projections of National Health Expenditures Data

By HR Daily Advisor Staff Mar 7, 2017 Benefits and Compensation

Updated: Jan 7, 2018

National health expenditure growth is expected to average 5.6% annually over 2016-2025, according to a report compiled by the Centers for Medicare & Medicaid Services’ (CMS) Office of the Actuary (OACT). These projections are constructed using a current-law framework and do not assume potential legislative changes over the projection period.

pension

DOL Proposes June 9 Delay for Fiduciary Rule, Opens Comment Periods

By Guest Columnist Mar 3, 2017 Benefits and Compensation

Updated: Jan 7, 2018

by Jane Meacham, Contributing Editor The U.S. Department of Labor (DOL) on March 1 proposed a 60-day delay to June 9 of its so-called fiduciary rule on investment advice conflicts of interest and related exemptions, pushing back the rule’s original effective date of April 10. The DOL also opened two comment periods related to the […]

3 Trends Driving Millennial Benefits Design

By Susan Wells Mar 2, 2017 Talent

Updated: Jun 16, 2017

Yesterday’s Leadership Daily Advisor set the stage for some far-reaching employee benefits design change in the works. Bolstered by fresh research showing that the Millennial workforce is quickly shaping new strategies for the entire benefits arena, we touched on three studies identifying what’s ahead. Today, we describe three main priorities that will drive the most […]

A Great Case for Remote Work

By Bridget Miller, Contributing Editor Mar 1, 2017 HR Management & Compliance

Updated: Mar 1, 2017

While clearly not every job is a good candidate for remote work, there are millions of jobs that are. This fact contributes to the ever-growing percentage of the workforce (now estimated to be around 40%) that work virtually in some capacity. Some employers remain wary of allowing remote work, while others embrace it fully. Let’s […]

compensation

Ask the Expert: Are Cash Payments in Lieu of Benefits Part of Base Wage?

By HR Daily Advisor Staff Feb 28, 2017 Benefits and Compensation

Updated: Jan 7, 2018

Question: We provide employees the option to take a lump sum cash payment ($1,000/yr) in lieu of accepting benefits, payable in increments over each pay period. The U.S. Court of Appeals for the 9th Circuit has indicated those payments should be included in the base wage for purposes of calculating overtime (see Flores v. City […]