Practical HR Tips, News & Advice. Updated Daily.
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.
An Internal Revenue Service (IRS) Chief Counsel Advice memo issued to assist counsel in one of the agency’s regional offices provides two ways missed 401(k) loan payments can be handled without taxing the participant in plans permitting a cure period for such skipped payments. The guidance—while neither a precedent or legally binding—may be beneficial for […]
The new mortality tables required for use by final regulations released on October 5 by the Internal Revenue Service (IRS) were expected, but bring into sharper focus a host of concerns for the single-employer defined benefit (DB) retirement plans that must eventually incorporate them.
New research reveals the highest and lowest-paying states for dangerous occupations, including logging workers, fishers, aircraft pilots, roofers and garbage collectors. The analysis of mean salaries in all 50 states for jobs with the highest industry rates revealed that only 15 states pay above the national average of $56,795 for these dangerous jobs.
A retirement research institute suggested several ways to improve the Saver’s Credit for lower-income individuals in a recent paper, steps that also could help employer plan sponsors ensure that their plans remain in compliance with nondiscrimination requirements.
A new Mercer survey has found that pay budget increases remain about the same as last year—at 2.8%. However, according to a press release on the findings of its 2017/2018 US Compensation Planning Survey, base pay for certain jobs with in-demand skillsets is advancing at a far greater pace, Mercer has found.
On October 12, U.S. Health and Human Services Acting Secretary Eric Hargan and Centers for Medicare & Medicaid Services Administrator Seema Verma released a statement announcing that cost-sharing reductions (CSR) payments were to be immediately discontinued, based on a legal opinion from the Attorney General.
A new survey of 5,000 U.S. workers has found that while many employees feel confident after completing their annual health benefits enrollment, about 3 in 4 are making benefits decisions without a complete knowledge of the overall plan.
As retailers and others ramp up for what by all accounts should be a busy holiday season, they may be in for a surprise. And it won’t come wrapped with a bow.
After several failed legislative attempts to repeal and replace the Affordable Care Act (ACA), President Trump is now taking matters into his own hands.
If you follow the latest retirement news, it seems the sky is falling. The savings picture for Americans looks bleak. We don’t want to minimize the problems; they really do exist. But, the way things play out for individuals can look very different than how they appear based purely on ratios, projections and estimates.