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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.
A series of agency Q&As resolves a few questions relating to complying with federal health care reform, such as correctly counting participants’ out-of-pocket expenditures; wellness program reward administration; and the status of “carved-out” benefits. In latest set of Frequently Asked Questions, the U.S. Departments of Labor, Health and Human Services and the Treasury provide some […]
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: How do 2014 plans compare to 2013? How are businesses dealing with the ACA? What types of health insurance plans are being offered in 2014? […]
For the third time in eight years, a federal district court decision endorsing Xerox’s pension plan interpretation has been reversed, setting aside judicial deference usually granted to these interpretations under ERISA and moving Xerox retirees closer to winning final benefits. The issue in the case is how an earlier lump-sum distribution to some employees affects […]
In many of the situations he experiences, Schickman says, the employer only did one thing wrong—it hired the wrong person. All the policies were in place and were followed, all the appropriate training was done, but more care was needed in the hiring process. (Schickman was the keynoter at the Advanced Employment Issues Symposium, held […]
What Are the Big Changes for the 21st Century? Schickman’s crystal ball suggests that the issues below will be drivers of 21st century change. (Schickman was the keynoter at the Advanced Employment Issues Symposium, held recently in Las Vegas.) Boomer retirement Societal entitlements Medical insurance Nontraditional family units Challenges to privacy Lack of job security […]
The Two Problems Fentin, who is a partner in the Springfield, Massachusetts, law firm, Skoler, Abbott & Presser P.C., points out the two sometimes opposing desires of dealing with employees with chronic illnesses: Supporting the employee with chronic illness, and Managing the employee with the chronic illness. Balancing these two needs isn’t easy, Fentin admits. […]
An incentive program can be a great way to motivate employees and help the organization achieve their goals. But it doesn’t come without potential pitfalls. For example, tying an incentive to reaching specific sales or profit goals means that the company will have to be candid with employees about those figures—which may be uncomfortable if […]
As an HR person, you care about people, says attorney Susan Fentin. Your impulse is to help; however, if the problem is driving the business down, you may not be able to help. You need to balance these sometimes-competing interests, and that’s not often easy. What are the issues when an employee is chronically ill? […]
Special thanks to all readers who participated in our surveys in 2013! (2014 surveys start soon.) Benefits: Health Insurance Preferred provider organization (PPO) plans are offered by 68% of survey participants, and health maintenance organization (HMO) plans are offered by 31%. High-deductible plans are a benefit for 35%, and point-of-service (POS) plans are available for […]
Plan sponsors have been waiting for details on rollovers within retirement plans to designated after-tax Roth accounts, and on Dec. 11, IRS issued new guidance that may prove beneficial. Among the clarifications and changes in Notice 2013-74 was an extension of the deadline for amending plans to incorporate in-plan Roth accounts. Now plans have until […]