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.
One result of the new fee disclosures requirements and retirement plan sponsors’ new duty to ensure reasonable service fees has been increased review of many plans’ provider costs. Through requests for proposals, comparative benchmarking and renewed scrutiny of current providers, plan committees and sponsors are endeavoring to learn if they are paying too much for […]
Where We’ve Been First of all, let’s look at where we’ve been, says Pasteris, who is president of TLMP Consulting Group. She offered her suggestions during a recent webinar sponsored by HRHero/BLR. In the past few years, she says, we’ve seen: Hiring freezes Promotion/relocation freezes Reduced or postponed bonuses Salary freezes Salary cuts Layoffs Survivor […]
Implementation of the Affordable Care Act (ACA) involves a lot of moving parts, says Attorney Martin Simon. As the various pieces of the ACA come into play, we can expect some flexibility, some postponing of deadlines, and a delay of penalties, he adds. In fact, the delays have already started, says Simon, Senior Legal Editor […]
Under what circumstances will an employer owe an Employer Shared Responsibility payment? In 2014, says Simon, senior legal editor at BLR®, if an employer meets the 50 full-time employee threshold, the employer generally will be liable for an Employer Shared Responsibility payment only if either: The company doesn’t provide coverage to substantially all (95% or […]
Many employers that sponsor 401(k) retirement plans make mistakes in the way they report elective deferrals on Form W-2, the federal tax agency’s Wage and Tax Statement sent to employees. IRS on Feb. 13 said on its website that its Employee Plans Compliance Unit sampled filings from employers that provided Forms W-2 and found 75 […]
In fact, the delays have already started, says Simon, senior legal editor at BLR. The health insurance exchange notice distribution requirement has been delayed. Specifically, the U.S. Department of Labor (DOL) has stated that the March 1, 2013, deadline for employers to distribute notices about the availability of health insurance exchanges has been delayed until […]
Oswald’s original column concluded: “Don’t spend your time thinking about how unfair life is because some people seem to be benefiting despite the way they are living their lives. You may never know what price they have paid or will pay for their apparent success, but rest assured there is one because what goes around […]
Lifshey, who is managing director at the New York office of Pearl Meyer & Partners, offered her executive pay tips at a recent webinar sponsored by BLR® and HR Hero®. Overview of New Glass Lewis Protocols Shareholder advisory group Glass Lewis has also made changes in its evaluation process. Effective Date Effective for annual meetings […]
In yesterday’s Advisor, consultant Joseph DiMisa offered real-world metrics for incentive pay; today, reps that make more than their managers, sign-on bonuses, plus practical guidance for all employers who operate in more than one state. Can reps make more than their managers? Yes, it’s fairly common, says DiMisa, and, in most companies, there’s no limit […]
Employers that retaliate against employees for reporting violations of certain health reform requirements could be subject to government investigations and hearings, as well as damages that include back pay awards and compensatory damages, under interim final rules issued Feb. 22 by the U.S. Department of Labor’s Occupational Safety and Health Administration. The rules flesh out […]