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.
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[Go here for sins 1 to 4 and a bonus sin] Sin 5. Envy Envy makes managers do things that aren’t appropriate for the company. For example: Gaming the compensation system. For example, giving a higher-than-deserved performance rating in order to award a higher raise to an average employee who is high in the range. […]
By Robert Toth Jr. Lifetime income for 401(k) plans have been getting a lot of press, driven in large part by efforts by the U.S. Departments of Labor and Treasury to find ways to promote retirement security. IRS took a substantial step in making these defined contribution lifetime income efforts become a reality […]
The Self-Insurance Institute of America has lost a round in its battle against a state-imposed tax on ERISA health plans. In a new ruling, the 6th U.S. Circuit Court of Appeals held that Michigan’s health care claims tax withstood SIIA’s preemption arguments, because the law doesn’t interfere with the parts of plan administration reserved exclusively […]
Sin 1. Lust Sexual harassment continues to be a problem in the workplace. And it’s often worse when it’s a manager and a subordinate. Perhaps the most difficult challenge in training managers and supervisors about harassment is getting across the idea that what matters is the attitude of the receiver of the harassment, not the […]
The First Gentleman To a big round of applause, in response to a question about how she figured out what the first lady should do, she said, “It won’t be long until you’re asking what the first gentleman should do.” Clanking of the Gears How did you stand the constant wave of invective and strange […]
A former employee left with more than $13,000 in unpaid medical bills after his employer retroactively terminated his employment and health benefits can sue for state-law claims, a federal district court ruled. The individual alleged that while he was hospitalized, the employer said his expenses would be covered. Thus, he did not elect COBRA coverage. […]
Please participate in our brief survey and see how what you are doing stacks up against what other successful companies are doing. We’ll get answers to these questions and more: Who’s providing what incentive pay types for which employee groups? How effective is each type of variable pay at motivating employees? What are the three […]
Which is worst for a participant’s 401(k) savings: (a) plan loan defaults; (b) hardship withdrawals; or (c) cashouts upon job change? It turns out to be (c), especially for young employees and about one-fifth of those in the lowest income quartile, the Employee Benefit Research Institute concluded in a new analysis. The effect from the […]
Fernández-Aráoz says that potential is the fourth era of talent spotting. Here are the previous three: Physical attributes. For thousands of years, people looked for the biggest, strongest, and healthiest people who could handle the physical aspects that most jobs required. Intelligence, experience, and past performance. For much of the 20th century, education and experience […]