Practical HR Tips, News & Advice. Updated Daily.
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 current tight job market has organizations looking to stand out from the crowd. Job hunters are frequently weighing multiple job offers and have come to expect health coverage and retirement savings options as part of the benefit offerings. Employers are finding they need to differentiate themselves from competitors in the marketplace. One way to […]
With growing income inequality and fears of losing low-skilled jobs to automation and new technologies like artificial intelligence, there have been increasing calls throughout the country for a “living wage.”
When flu season rolls around, there is a near constant fear of getting sick. Whether it’s from the germs that young children bring home with them from school or the sniffing coworker in the next office or cubicle, the flu is known for its contagious amplifying effect. And when it comes to work, the flu […]
Employees will be able to contribute up to $2,700 to a health flexible spending account (FSA) in 2019, a $50 increase from the 2018 amount, the Internal Revenue Service (IRS) announced in Revenue Procedure 2018-57.
Many employees may find it strange that with the end of summer, their employers start offering free flu shots, going so far as having the medical staff administering the shots come on-site to the office. But keeping employees healthy has real benefits to companies; providing a vaccine against one of the most common and contagious […]
If you’re not familiar with pooled employer plans (PEPs), it’s probably because they’re not yet available. But they’re part of existing proposed legislation, so it would be useful for employers to be familiar with the concept.
Minimum wage increases will affect numerous states across the country in January 2019.
The U.S. Department of Labor (DOL) took steps toward allowing automatic small-balance 401(k) plan transfers to a new employer’s plan in a job change by proposing to exempt a vendor’s auto-portability program from some prohibited-transaction restrictions.
Health Savings Accounts (HSAs) can be used to save for both current and future health expenses, demonstrating their value as a tool for physical and financial health today and in retirement. In addition to the triple tax advantage and investment capability that was discussed in yesterday’s article, here are reasons three and four to consider […]
Despite the recent increase in discussion around the need to save wisely for retirement, many Americans underestimate the healthcare costs they will face when they retire. In a study conducted by HSA Bank, 67% of consumers believe they will need less than $100,000 for healthcare expenses in retirement, and 82% believe they will need less […]