6 Questions to Create Employee-Centered Benefit Plans in 2021
Learn how to gain alignment on immediate and long-term goals.
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.
IRS, SSA Adjust Benefits Thresholds for 2021
Employees will be able to contribute up to $2,750 to a health flexible spending account (FSA) in 2021, the same as in 2020, the Internal Revenue Service (IRS) announced in Revenue Procedure 2020-45. However, changes were made to certain other benefits thresholds and limits.
Crisis Strains Employers’ Plans for Furloughed Workers
Many struggling but optimistic employers have continued to offer medical, dental, and other benefits to employees on furlough during the COVID-19 pandemic. But with no immediate end in sight, they’re wondering what to do next.
5 Tips to Help Employees Make Sense of FSA/HSA Changes During Open Enrollment
Flexible spending accounts (FSAs) and health savings accounts (HSAs) are important tools for the more than 70 million people who currently use these accounts to pay for out-of-pocket healthcare expenses or save for healthcare needs in retirement, all while reducing taxable income.
How to Put the Focus on Employees This Enrollment Season
For most of 2020, employers and employees alike have been focused on health, health care, and healthcare coverage. And while these topics will still be very much top of mind this enrollment season, employers have a unique opportunity to shift the focus to their employees themselves.
Who Is NOT Covered by the FLSA?
The Fair Labor Standards Act (FLSA) mandates the federal minimum wage level and requirement to pay employees overtime for hours in excess of 40 per workweek. While there are many more components to the FLSA, these are two that tend to get a lot of attention.
How to Keep Up with Nonexempt Teleworkers’ Time
For many employers, the telework experiment necessitated by COVID-19 has been a surprising success. Many are considering whether to continue the work-from-home option for at least a portion of the workforce. One lingering concern, however, is how best to track time for nonexempt workers who are away from the physical workplace.
IRS Again Gives Employers Extension for ACA Reporting to Individuals
Once again this year, employers and insurers were given an extra month to comply with the upcoming Affordable Care Act (ACA) requirements to furnish 1095-B and -C reports to individuals.
Is It OK to Pay Similarly Situated Employees Different Rates?
Anyone who has dealt with payroll can probably attest to how easy it is to end up with similar employees who are paid different amounts. It can happen for lots of reasons.
New Tips for Tracking Hours While Employees Telework
The U.S. Department of Labor’s (DOL) Wage and Hour Division (WHD) recently published guidance addressing employer obligations to track employee hours while teleworking. Even though the guidance is being issued in part because of the increase in teleworking arrangements during the COVID-19 crisis, the agency emphasized it applies to all telework or remote work arrangements, not just […]