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.
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 […]
Nearly every defined contribution plan sponsor now offers target-date funds in its participant investment menu, as these funds, often named for the year a participant expects to retire, eliminate the need for employees to construct their own investment portfolio. A recently released white paper about TDFs examines plan fiduciaries’ uncertainly regarding what TDFs should contain […]
Red Circle employees indicate you are spending too much on compensation relative to the value of the jobs, says consultant Terry Pasteris, CCP, GRP, but Green Circles may set you up for a lawsuit. Pasteris’s comments came at a recent BLR-sponsored webinar. Red Circle employees are those who are paid over the maximum for the […]
The federal agencies implementing health reform continue to delay aspects of roll-out, especially as they relate to state-based health insurance marketplaces (also called “exchanges”), which are supposed to be up and running on Oct. 1. The Obama White House announced on Sept. 27 that federally run health-insurance exchanges, required by health care reform, will not […]
Why Are Compensation Metrics Important? Pasteris, who is president of TLMP Consulting Group, offered her tips at a recent BLR-sponsored webinar. She says that metrics help with the following: Knowing whether you are succeeding in following your compensation philosophy. For example, say you want to pay at the 75th percentile of the marketplace. You have […]
With the DOMA ruling so recent in our minds, employers have more unanswered employee benefits questions than ever before. Is it now illegal to tax healthcare benefits for a same-sex spouse? How should multi-state employers react if the final ruling comes down that only same-sex couples who reside in a state that recognizes same-sex marriages […]
Designing an executive pay plan requires a lot of facets to be considered, not the least of which is: how high should executive pay be? But the exact amount is far from the only consideration. How should an organization decide to pay executives? Is there a formula to use? Unfortunately, it’s seldom that simple, and […]