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.
by Arris Reddick Murphy The Employee Retirement Income Security Act (ERISA)’s Section 404(c) protection is commonly relied upon by plan fiduciaries to lessen potential liability in the event that participants, who are directing their investments in employer-sponsored 401(k) plans, suffer large losses.
by Jourdan Day The U.S. District Court for the Southern District of Ohio will decide whether an employer’s and its insurer’s denial of coverage for an employee’s sex reassignment surgery constitutes sex discrimination in violation of Title VII.
Some, but not all, companies are taking baby steps toward becoming more family-friendly, according to new research from staffing firm OfficeTeam. Just under half (49%) HR managers interviewed said their organization has made policy changes to better accommodate working parents in the past 5 years. The research was compiled using information from recent OfficeTeam surveys. […]
In the November 2016 jobs report from the Department of Labor, we saw that the national unemployment rate has fallen to a 9-year low and now sits at 4.6 percent. This reflects multiple factors. We’re seeing that more jobs have become available as the economy grows, but it also likely highlights that some people have […]
At some point along the way, you’ve probably heard a comment about, talking the talk vs. walking the walk, with the implication being that action is more important than words. In a lot of ways that might be true. When it comes to compensation, however, talking the talk is pretty important, too.
We’ve been reporting on litigation surrounding Nevada’s minimum wage all year. Although some issues remain unresolved, we now have important guidance from the state’s highest court on the scope of the term “provide” under the minimum wage law as well as which statute of limitations applies to wage claims. The following article provides an overview of the court’s ruling.
U.S. Secretary of Labor Thomas E. Perez recently announced the appointments of five new members to the 2017 Advisory Council on Employee Welfare and Pension Benefit Plans, known as the ERISA Advisory Council. He also announced the incoming chair and vice chair of the council.
Corporate pension buyout sales in the United States leaped to nearly $6 billion in the third quarter of 2016, rising to the highest level for the that quarter since 1990, according to the LIMRA Secure Retirement Institute. Sales of pension liabilities by employer plans were greater than $1 billion for each of the last six […]
Benefit optimization, as the name implies, is the process used by HR professionals to critically assess the organization’s benefit structure and determine what changes can be made to make the benefit package on offer best serve the organization and the employees.
The Internal Revenue Service is passing along a reminder to eligible employees that now is the time to begin planning to take full advantage of their employer’s health flexible spending arrangement (FSA) during 2017.