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 U.S. Department of Labor (DOL) continues to issue guidance related to the various actions the government has taken intended to ease the blow COVID-19 has struck against the nation’s workforce.
Has your organization considered offering employee loans as a benefit? Given the number of people in the United States who live paycheck to paycheck, there are a lot of employees out there who are one emergency away from needing financial assistance in some form.
The coronavirus public health emergency has created a number of issues affecting employee benefit plans. Employers are asking numerous questions: What does our health plan have to cover as it relates to coronavirus testing and treatment? Can our employees take a distribution from their retirement plan penalty free to deal with the coronavirus and its […]
Earned wage access (EWA), as the name implies, means giving access to wages earned—in this case, before they would typically be paid out on payday. In other words, it is a way to shorten the gap between the time an employee earns his or her money and the time it is actually in his or […]
According to one expert, 80%–90% of care any adult is ever going to need can and should be delivered through primary care and family medicine. Yet, medical facilities are designed to delegate primary care patients to networks of specialists where they can charge insurance companies and patients much more. Those costs lead directly to high […]
In this time of uncertainty, many employers are forced to make difficult staffing decisions. Already, thousands of employers have had to let employees go, as they find themselves without enough income to support their previous staffing levels.
Under the best of circumstances, identity theft is a real concern for employers and employees alike. When employees’ identities are stolen, any number of life-altering outcomes are possible, ranging from stolen tax returns to new, false lines of credit being open in employees’ names. As our lives become more digital—a trend that has been heavily […]
The COVID-19 pandemic that has sent the nation’s unemployment rate soaring may eventually—at least in some cases—affect employers’ unemployment insurance tax rates. Just who will be affected, though, remains an open question.
Along with its requirements for paid leave and unemployment insurance, the Families First Coronavirus Response Act (FFCRA, H.R. 6201) also imposes new coverage requirements on group health plans that relate to the coronavirus (COVID-19) pandemic.
Obviously, COVID-19 has changed everything over the last couple weeks. Travel has been cut down. Restaurants, malls, and theaters are shuttering. The markets are down. And, as you might guess, all this takes a heavy toll on your employees. It’s a stressful time for them in many ways, and that will most likely contribute to […]