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.
Most employers are well aware of their obligations under the Fair Labor Standards Act (FLSA)—primarily, the requirement to pay at least minimum wage and pay overtime for hours worked in excess of 40 in a given workweek. These apply to a large percentage of employees, unless they fall under one of the various exemptions.
This year’s open enrollment season brings a unique opportunity for employers. Employees are more focused on their healthcare needs and benefits as a result of the COVID-19 pandemic and are likely to pay closer attention to open enrollment—and their current coverages—than ever before.
The coronavirus pandemic has turned the workplace upside down. Onboarding has largely gone virtual, work has mostly gone remote, and benefits enrollment season is undergoing a radical change, too.
As employees continue to work remotely, many of the traditional wellness programs companies offered are no longer viable, but supporting employee well-being and maintaining culture are more important than ever. If employees can’t make it to the office, companies are bringing it to them in their homes through virtual programming and health days.
Is a health savings account (HSA) a savings tool or a tool to pay for today’s rising healthcare costs? It depends on whom you ask. While HSAs were originally introduced to employees as a long-term investment tool that can also be used to pay for eligible medical expenses along the way, employees’ usage of the […]
The U.S. Department of Labor (DOL) clarified the effect of President Donald Trump’s recent order that authorized additional funding for unemployment benefits. However, it’s unclear how long the funds will last.
The COVID-19 pandemic has changed our way of life indefinitely. While the immediate changes are apparent, less is known about the lasting effects as we embark on the new normal. One of the biggest changes for Americans is the way we work.
Wage and hour compliance is an area that can trip up even the most diligent employers under the best of circumstances—let alone during a global pandemic when you’re trying to keep employees healthy, safe, and employed.
Just because your small business has a smaller payroll and fewer flashy resources than bigger companies doesn’t necessarily mean that you can’t offer competitive benefits. Instead, you can turn your business’s size into a strength and offer benefits that will keep your employees happy.
Despite a recent Gallup poll that found only 55% of Americans reported owning stock, a Rutgers study showed that most Americans report they would prefer to work for a company that gives them a stake in the business.