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.
The Family and Medical Insurance Leave (FAMILY) Act was reintroduced in Congress in 2021 and is known as S. 463 and H.R. 1185. The Act has been introduced repeatedly during legislative sessions for the past 7 years but has yet to progress.
Filing your business’s taxes can sometimes feel like a necessary evil, making tax season a very stressful time for a small business owner. Each year, you may ask yourself: “Am I paying too much?” “Have I taken advantage of all the deductions available to me?” “What tax credits apply to my business?” When you’re not a […]
The COVID-19 crisis has brought major changes to the U.S. workforce. Many employers have transitioned their workforces to remote work. Now, employees can work from anywhere with an Internet connection. Many employees have taken advantage of the flexibility by investing in home office spaces, moving to different states, and even traveling the country. What most […]
The American Rescue Plan Act of 2021 (ARPA) has some new rules related to the Consolidated Omnibus Budget Reconciliation Act (COBRA). Any employer that has a health plan subject to COBRA should be aware of these changes. Let’s take a look at the basics of what ARPA will implement.
COBRA’s protection only arises upon the occurrence of a “qualifying event.” In other words, COBRA is triggered any time an employee or a dependent loses group health plan coverage. For COBRA to apply, there must be a loss of coverage caused by one of the specific statutory events: termination or reduction in hours of employment, […]
The Internal Revenue Service (IRS) announced on December 28 that it will extend the Health Coverage Tax Credit (HCTC) through December 31, 2021. The HCTC, which allows a tax credit to offset up to 72.5 percent of the cost of health insurance premiums, applies to workers who lost their jobs due to trade-related reasons or […]
The spotlight is shining on thousands of workers at an Amazon fulfillment center in Alabama as they vote in a closely watched election where the stakes are high for both union and employer interests. More than 5,000 employees of the facility in Bessemer, a Birmingham suburb, are mailing in ballots in an election to decide […]
During the Trump administration, the U.S. Department of Labor (DOL) issued guidance governing tipped employees, providing long-awaited clarification on wage and hour issues such as (1) when nontipped employees can share in a mandatory tip pool, (2) what constitutes wrongfully “keeping” an employee’s tips, and (3) when employers may take a tip credit. The regulations […]
With 44 million Americans owing an estimated $1.7 trillion in student debt,[1] policymakers in Washington, D.C., have been focusing on how to help people pay down their balances—and the good news is, they are making it easier for employers to make a difference.
The U.S. Department of Labor’s (DOL) announcement of plans to rescind final rules related to independent contractors and joint employers should put employers on notice that a less employer-friendly day is coming, attorneys who advise employers say. In announcing the effort on March 11, the DOL said the action is needed because the rules weaken […]