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Plan design can help employer plan sponsors avoid the objectionable task of paying excise taxes on health plan coverage they provide to employees. The Cadillac tax is the Affordable Care Act’s way of taxing health benefits, in part to fund the law’s ambitious coverage objectives. As liability under the tax in 2018 approaches, employers are […]
Qualifying longevity annuity contracts in 401(k) plans could significantly increase the retirement readiness of younger workers with longer life expectancies, the Employee Benefit Research Institute reported recently. Modeling two scenarios involving the recently approved QLACs, EBRI found that, while the general population might experience a “small reduction” in retirement readiness by purchasing a QLAC with […]
I’m a St. Louis Cardinal lifer so, for most Major League baseball fans out there, you probably assume I’m insufferable. (You may be right.) Still, don’t look for me to apologize that we’re in first place, have been for pretty much the entire season, and boast the best record in baseball. The postseason is upon […]
Yesterday we heard from Dr. John Sullivan, professor, author, corporate speaker, and advisor, concerning employment branding. Today we hear more from Sullivan. Q: What role do you think alumni programs play in a branding program? A: Well, I call them “brand ambassadors.” These people love your company—they left for whatever reason—but they still love your […]
In the Silicon Valley, “cutting” benefits makes workers happy. Why? Well, these bennies are for hair care—not health care—and they are on-site!
In yesterday’s Advisor Dr. John Sullivan—professor, author, corporate speaker, and advisor—gave advice concerning employment branding. Today we hear more from him.
An employee got a signing bonus last year, but has left the organization. We want to ‘claw back’ the bonus. How do we do this? Signing bonuses can be a helpful tool when hiring employees in difficult job markets or to fill jobs requiring very specific skill sets. The biggest issue with a signing bonus […]
By Susan Schoenfeld, JD The U.S. Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP) has released its final rule implementing Executive Order (EO) 13665, Non-Retaliation for Disclosure of Compensation Information. The EO prohibits federal contractors from discharging or discriminating against employees or applicants who inquire about, discuss, or disclose their own compensation or […]
The idea of raising low wage earners’ pay to provide them with a livable wage is a viable concept, if handled in an effective manner. Unless pay at higher levels of the organization is also adjusted up, increasing only the lower pay levels compresses some of the higher levels into what essentially becomes a new […]
By The Young Entrepreneur Council There isn’t any one reason an employee should get a raise. Factors like company success, starting salary, and recent accomplishments all play a role. That’s why we asked 10 entrepreneurs the following question: “What method or process do you use to determine employee pay raises?” (Source: Small Business Trends) Click […]