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.
BOSTON, October 9, 2013 — Fidelity Investments®, a leading provider of workplace retirement plans in the not-for-profit higher education market, today released the latest findings from its Higher Education Faculty Study(i), revealing that while eight in 10 (82 percent) pre-retiree faculty members (age 55+) are confident they will have enough money to live comfortably in […]
Two indicators of U.S. corporate pension health topped 90-percent funding ratios for September, a significant sign of improvement in the vitality of defined benefit plans. Mercer’s S&P 1500 Indicator Rises Funding levels of DB plans sponsored by Standard & Poor’s 1500 companies monitored monthly by human resources consultant Mercer improved in the latest month, reaching […]
Executive compensation levels can set the tone for the competitiveness of the organization. How a company defines its executive compensation philosophy will determine how much is offered to executives, which will in turn influence the strategic direction of the organization. For example, does your organization strive to hire only people who perform higher than all […]
Bicycle share expenses — incurred, for example, when one dips a credit card into a pay kiosk on the street in order to rent a bicycle from a public bike rack — do not qualify as payment for transportation on “mass transit facilities,” as some have argued, nor do they constitute a “qualified bicycle commuting […]
Personal or “small necessities” leave is offered by 30% of respondents. 99.6% offer 6 or more paid holidays. 29.4% allow some form of leave donation or leave sharing. Scheduling workloads around leave is the biggest challenge. Leave Types Leave offered Percent offering 6 or more paid holidays per year 99.6% Paid vacation time, […]
Legislation designed to make it more difficult for smaller employers to self-insure by restricting their ability to obtain stop-loss insurance with very low attachment points was signed into law on Oct. 1 by California Gov. Jerry Brown. S.B. 161, which takes effect Jan. 1, 2014, will prohibit stop-loss insurers in California from issuing policies with specific […]
USERRA Case Study 1: John Falsifies Paperwork The facts: John is a supervisory employee at a delivery company and is a longtime reservist and combat veteran. Here’s the scenario: John is told by a coworker that the company doesn’t like supervisors to serve in the reserves. His boss sends an internal e-mail that says, “John […]
BOSTON, October 2, 2013 – Fidelity Investments®, a leading provider of workplace retirement plans in tax-exempt markets, today announced that Assets Under Administration (AUA) have doubled since the start of the financial crisis five years ago. Through the first half of 2013, Fidelity’s AUA has reached $204 billion, a 102 percent increase from 2008(i). Additionally, […]
Effland, a shareholder at the Indianapolis office of Ogletree Deakins PC, says that USERRA (Uniformed Services Employment and Reemployment Rights Act) offers two essential rights, the right to take leave, and the right to return. The basics of the law are: Coverage: Virtually all employers, regardless of the number of employees. Eligibility: Virtually all employees […]
House Republican efforts to postpone, block and repeal Obamacare were key reasons for the federal government-shutdown crisis, under which 800,000 federal employees stayed home beginning Oct. 1. The House Republicans, whose opposition to Obamacare paralyzed spending bills, demanded that the administration acquiesce on two demands: postpone the “individual mandate” that individuals have federally approved minimum […]
