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.
Yesterday’s Advisor featured BLR Legal Editor Susan Prince, JD’s take on the Department of Labor’s (DOL) wage and hour audits. Today, Prince’s 10 strategies for reducing wage and hour exposure, plus an introduction to SourceCast Sponsored (Free!) Webinar. < Prince’s 10 Strategies The following are 10 great strategies to prevent or handle a wage and […]
While most U.S. retirement plan participants age 60 or older move their assets out of employer plans within five years of leaving a company, they often don’t touch the funds for years after that, a new report by money manager Vanguard found. As a result, Vanguard suggests to plan sponsors, this tendency of older terminated […]
When the DOL (Department of Labor) comes calling, there could be big bucks at stake, says BLR® Legal Editor Susan Prince, JD. In today’s Advisor, Prince clarifies DOL’s rights during investigations. Although no industry is immune from a wage and hour investigation, the Wage and Hour Division (WHD) has targeted low-wage industries with vulnerable, and […]
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: What’s your company’s 401k match level? What changes are you making with pensions and 401(k) plans? What types of retirement/savings/investment plans do you offer? How […]
Tsai, who is Of Counsel at Holland & Hart LLP in the Salt Lake City office, delivered his practical tips at BLR’s Advanced Employment Issues Symposium held recently in Las Vegas. The 9 Most Common I-9 Mistakes Tsai says he most commonly encounters the following I-9 mistakes: The employee fails to sign and date the […]
This infographic via Mercer indicates that employers are increasingly willing to invest in health management — and they believe their programs are making a difference. “US employers believe that health management is helping to slow medical trend, and they are putting more emphasis on these programs,” says Beth Umland, Director of Research for Mercer’s Health […]
IRCA’s Requirements The Immigration Reform and Control Act of 1986 (IRCA) requires every employer to complete and retain the Form I-9 for all new employees and current employees hired on or after November 6, 1986, who will perform work for pay or other compensation, says Tsai, who is Of Counsel in the Salt Lake City […]
Communicating the Sales Incentive Plan Sometimes Pasteris sees the situation in which there was a great sales plan design but it failed because it was not well understood and appreciated by the salespeople. To avoid that situation, make sure that you: Send an announcement letter, particularly with the new plan that spells out its features. […]
The claims administrator of an employer-sponsored health plan abused its discretion when it rejected a health benefits claim because it: (1) denied it without an explanation or plausible support; (2) had a structural conflict of interest because it was also the insurer; and (3) violated ERISA regulations by merely reciting its policy without refuting the […]
Employers may not feel much of an administrative burden from the new “starter” retirement savings accounts announced Jan. 28 in President Barack Obama’s State of the Union address, but those opting to participate should be prepared for employees’ questions about the My Retirement Account or “myRA” program ahead of its launch late this year. While […]