Practical HR Tips, News & Advice. Updated Daily.
Offering voluntary benefits can take costs off the shoulders of employers—and also attract new talent. Benefits expert Steve L. Adams advises companies to provide these benefits in a way that resonates with the modern employee … and then reap the rewards.
It’s well-known that high unemployment rates discourage employees from voluntarily leaving their jobs—even if they’re unhappy—because of the uncertainty in how long it will take to secure a new position. However, the unemployment rate has been steadily dropping for several years, now (in early 2015) reaching lows last seen before the recession. The number of […]
On Feb. 23, the Centers for Medicare and Medicaid Services put on public display final rules that require employer health plans to cover physician and hospital services in order to meet health care reform’s minimum value requirement. The rules also set the contribution self-insured health plans and insurers must make to a premium-stabilization fund for the individual […]
When a new hire is brought on board, it feels like there are a million things to do. Beyond the obvious things like completing all the necessary paperwork and informing the employee of the basics (like when and where to show up!), there are a lot of onboarding activities that are crucial to long-term success […]
Over the weekend, I watched a movie with my wife. I won’t say which movie because my guy friends will make fun of me. But in my defense, this past weekend included Valentine’s Day. Anyway, the movie talked a lot about fate and destiny and got me thinking about how much of what happens to […]
Small employers and certain other plan sponsors can continue to reimburse individual premiums until July 1, without the threat of extreme penalties for offering coverage that does not comply with Affordable Care Act insurance mandates, under new guidance from the Internal Revenue Service. IRS Notice 2015-17 reiterates IRS’ previous warning, in Notice 2013-54, that giving employees […]
In yesterday’s Advisor, we announced findings from BLR’s Termination and Exit Interviews Survey. Today, more results from our study, including information regarding best practices and what’s happening with severance pay.
Unfortunately, you can’t retain all employees … termination and turnover are going to happen. The 2014 Termination and Exit Interviews Survey examined how HR pros are handling these challenges. Let’s see how you compare!
Qualifying lifetime annuity contracts in July 2014 became another option for defined contribution plan sponsors to offer to assist with retirement income security when the U.S. Treasury Department and IRS issued final regulations allowing them. Now, plan sponsors and participants near retirement age face some confusing choices when considering whether QLACs are right for their […]
A bill to restore parity between mass transit and qualified parking benefits will be introduced in the U.S. House of Representatives by Del. Eleanor Holmes Norton, D-D.C., she announced Feb. 10. The limits, dictated by tax Code Section 132, have been unequal since that part of the tax Code was written, although Congress several times […]