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.

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Calculating Overtime Pay for Hourly Plus Commission Employees

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.

Health Fairs Are Going Virtual—What Does That Mean for Companies and Employees?

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.

HSA

HSA: Spending or Savings Tool? Depends on Whom You Ask

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 […]

benefits

How Your Small Business Can Offer Competitive Employee Benefits

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.

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Diverse Compensation Plans Are a Win-Win for All

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.