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 Jane Meacham The Internal Revenue Service (IRS), in its first “Required Amendments (RA) List” on December 13, 2016, informed individually designed employer-sponsored retirement plans about required amendments for 2016 that may be needed to reflect changes and ensure the plans keep their qualified status. In the release, IRS Notice 2016-80, the agency also said […]
In a recent article, I talked a bit about the complicated intersection of Medicare and The Consolidated Omnibus Budget Reconciliation Act (COBRA), with assistance from Paul M. Hamburger, Esq., author and contributing editor of BLR’s publication Mandated Health Benefits: The COBRA Guide, which I used as background research.
Two major plan sponsor organizations urged the U.S. Department of Labor (DOL) to withdraw the revisions it proposed to the Form 5500 reporting requirements for group health and retirement plans.
If you are planning to develop or make changes to your current total rewards program, you will likely seek input from several external sources, including benchmarking data. But you will also need to gather substantial internal input, such as leadership’s philosophy towards total rewards, and, perhaps most importantly, get input from your internal customers.
by Lisa Higgins, Contributing Editor We know, you’ve heard a lot about the differences between the generations, especially when it comes to work and benefits. What do the Millennials want from their employers? How does that compare to the Baby Boomers’ expectations? And please, just because they’re a smaller group, don’t forget about the Gen […]
Employers cannot count compensation paid during meal breaks toward overtime pay due to employees, a federal appeals court has ruled.
by Todd Castleton of Proskauer Rose LLP When retirement plan sponsors adopt a “safe harbor” 401(k) plan design, they are deemed to be compliant with the actual deferral percentage (ADP) and actual contribution percentage (ACP) nondiscrimination testing provisions of the Internal Revenue Code (IRS)—the federal tax Code.
The Internal Revenue Service (IRS) has issued the 2017 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes.
In EEOC v. Orion Energy Systems, Inc., a federal district court considered a challenge to an employer’s wellness incentive program. As explained in part 1 of this article, the court rejected the company’s contention that the Americans with Disabilities Act’s (ADA) safe harbor for benefits administration should apply.
by Tami Simon, JD, managing director, Xerox HR Services A matchmakers’ business model centers on making connections. In the days of “Fiddler on the Roof,” the connection was made by an old woman named Yenta. Today, many matchmaking sites promote “uniquely designed” computer programs that promise to find a person’s perfect match (e.g., match.com, zoosk, […]