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.
Highlights of our 2014 Perks Survey of over 2,000 employers: Paid holidays is the number one perk. Also in the top five: life insurance, LTD, STD, and paid vacation. For exempt employees, flextime is offered by 60.9%. Other benefits being offered include: Financial planning assistance (51.7%) Telecommuting (49.2%) Legal assistance programs (39.8%) On-site fitness centers […]
Defined benefit plan sponsors have gained a new incentive to fully fund their pension plans – even if that requires borrowing, according to a recent research report. The Moving Ahead for Progress in the 21st Century Act enacted in mid-2012 raised U.S. Pension Benefit Guaranty Corp. premiums for plan sponsors maintaining an underfunded DB plan, […]
Designing your executive pay plan can be daunting—you need to consider a whole host of factors, such as the company’s goals and the competitive environment. Let’s take a look at some design considerations for effective executive pay plans.
What About the Manager as a Teacher? If you take Lombardi’s words and change “coaching” to “managing,” it would go something like this: “I think managing is teaching, see? So I don’t think there’s any difference whether you teach in the office or whether you teach in the classroom. They’re both exactly the same. It’s […]
Workers’ compensation laws have come about as a way to establish a means of compensation for injured employees while simultaneously reducing the amount of litigation against employers when employees are injured on the job. The workers’ compensation laws are administered on the state level, and the federal government has its own separate program. Workers’ compensation […]
Virtually every employer is going to deal with pregnant employees from time to time. Employers want to act in good faith and stay in compliance not only with the ADA and FMLA, but also with the Pregnancy Discrimination Act (PDA). PDA is an amendment to Title VII which specifically prohibits discrimination on the basis of […]
As most employers know, many of the Affordable Care Act (ACA) provisions have already started to go into effect. Others, like penalties for employers, have been delayed. But in general, do you know whether you’re required to provide health insurance to employees? The answer may surprise you.
Due to some ambiguity in model government language explaining the interplay of the Affordable Care Act with COBRA coverage, the Obama administration has both proposed an update to model COBRA notices and provided a new special enrollment opportunity for COBRA qualified beneficiaries (QBs) to enroll in marketplace coverage. Last year, the U.S. Department of Labor […]
Wage compression (lower-level or less-experienced employees’ pay meets or exceeds higher-level or more-experienced employees’ pay) is never easy, but deal sooner rather than later, says consultant Barry L. Brown, SPHR, CCP. The first thing to recognize about compression is that there are no secrets at work, says consultant Brown. People are going to find […]
Minimum wage and overtime pay are two of the requirements set forth in the Fair Labor Standards Act (FLSA). The FLSA mandates that employees be paid at least the minimum wage and also that they receive one and one-half times their regular rate of pay for weekly hours over 40 hours.