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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.
It seemed like a great idea this spring when the federal government issued guidance providing relief from certain benefits deadlines—including those related to COBRA continuation coverage—due to the disruption caused by the COVID-19 national emergency. Then, it was assumed the emergency would end by June.
Employees who provide care for others often find these responsibilities present conflicts with work. After all, things like medical appointments often fall during the same hours as a standard workday—just one example of how caregiving responsibilities can impact employers, no matter how conscientious the employees are.
Learn how to gain alignment on immediate and long-term goals.
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.
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.
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.
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.
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.
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.
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.