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.

Attrition

What to Do When an Employee Quits Without Notice

Most employees in the United States are employed “at will,” which simply means that either the employee or the employer can end the employment relationship for any legal reason, or no reason at all, at any time. The law at the federal level has no requirement of giving a particular notice period when terminating a […]

To Lump Sum or Not to Lump Sum: What to Consider When Choosing a Relocation Compensation Package

by Lisa Johnson, global practice leader for consulting services at Crown World Mobility After years of staying put due to the stagnant economy, the improved current economic conditions have resulted in more and more workers—confident in the job market and willing to move to new places and take chances—happily relocating for new jobs. With this […]

Roth 401(k) Accounts Add Value Through Tax Diversification

by Lisa Higgins, Contributing Editor Have you given your employees every opportunity to reach a secure retirement? There is one simple strategy you may not be using that could make a real difference: the Roth account. According to a survey from Willis Towers Watson, Capturing the Opportunity of Roth 401(k) Contributions, What Employees Are Missing […]

COBRA

COBRA: Proper Mailing Procedures Trump Address Mistake

by Gwen Cofield Although an employer or plan administrator is not required to ensure actual receipt of the Consolidated Omnibus Budget Reconciliation Act (COBRA) notice, a good-faith effort to provide the COBRA notice must be made. Where an administrative error prevents the receipt of the COBRA notice, an employer or plan administrator can demonstrate good-faith […]

banking

CMS Releases 2015 National Health Expenditures

In 2015, per-capita health care spending grew by 5.0% and overall health spending grew by 5.8%, according to a study by the Office of the Actuary at the Centers for Medicare & Medicaid Services (CMS) recently released as a Web First by Health Affairs.