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.
A handful of large U.S. corporations announced they are raising the employer match for their 401(k) retirement plans or are making other changes in their benefit plans in the first month after a tax reform law was signed by President Trump. And nearly half of companies surveyed said they are considering taking such an action […]
A major renal care provider agreed to $3.5 million to resolve Health Insurance Portability and Accountability Act (HIPAA) privacy and security allegations arising from a series of data breaches at five different facilities over a 5-month span in 2012.
The U.S. Department of Labor (DOL) recently updated its internship fact sheet, in effect changing the guidelines for internships. The move has prompted many employers to wonder: Do we still have to pay interns?
Global institutional pension fund assets in the 22 major markets grew to $41.3 trillion at year-end 2017, according to latest figures in the Thinking Ahead Institute’s Global Pension Assets Study, representing the highest figure since the report began in 1997.
When H. G. Wells wrote The Time Machine in 1895, he struck a chord with mankind’s dream of going back in time. Interestingly, some employees may have the same dream regarding health and welfare benefits, in the form of retroactive elections.
Class action settlements and court decisions related to 401(k) retirement plans in 2017 significantly affected the direction of ERISA litigation, according to the newest edition of an annual law firm report on workplace class action lawsuits.
By the way, the amount of attorneys’ fees in the headline is not the amount the employer paid its lawyers. Oh, no—that’s the amount it had to pay the employee’s lawyers for suing to recover the $608 in unpaid overtime. To make the disparity even stranger, the employee lost two of his three claims at […]
The recent economic boost has given employers the opportunity to invest in their workforce and take actionable measures to correct pay inequities to remain competitive, finds Randstad US.
A new survey has found that younger employees are significantly less likely to enroll in vision benefits plans or understand the importance of eye exams. The Transitions Optical Employee Perceptions of Vision Benefits survey, conducted among 1,300 employees, reveals that 84% of Baby Boomers, 80% of Gen X and 75% of Millennials report that they […]
Last month, Amazon, the world’s largest online retailer, issued a directive to recruiters and hiring managers: nix the salary history questions.