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.

Infographic: Misconceptions About Popular Work Perks

When Millennials first entered the workforce, there was a mad rush to get trendy perks and incentives in place to attract this age group. However, now that Millennials make up a majority of the workforce, potential candidates and employees, alike, are speaking out about what work perks they actually want.

exempt

Should a Nonexempt Employee Be Salaried?

Most employers know that any employee who qualifies as exempt from overtime under the Fair Labor Standards Act (FLSA) must be paid on a salaried basis. Being paid on a salaried basis means that at least the minimum agreed salary for the week is paid, even if the number of hours worked may fluctuate. And […]

payroll

What Is the Payroll Audit Independent Determination Program?

You may have seen the recent Department of Labor (DOL) announcement that the Payroll Audit Independent Determination (PAID) Program has been extended by an additional 6 months. If you saw that and hadn’t already heard of this program, it may have you wondering what it is and whether it might be something your organization would […]

Cost

What Is the Strengthening Financial Security Through Short-Term Savings Accounts Act of 2018?

The Strengthening Financial Security Through Short-Term Savings Accounts Act of 2018 is a bill introduced in the Senate in July 2018 (S. 3218). It proposes, in short, to “allow employers to offer short-term savings accounts with automatic contribution arrangements for financial emergencies.”[i] This bill has only been introduced; it has been referred to committee, and […]

Appellate Court Affirms That Divorce Retirement Assets Aren’t Protected

A federal appeals court upheld an earlier ruling that 401(k) plan and individual retirement account (IRA) assets acquired by an ex-spouse in a divorce proceeding aren’t retirement funds protected by federal law from bankruptcy creditors. The case is Brian A. Lerbakken, Debtor-Appellant v. Sieloff and Associates, No. 18-6018 (Bankr. 8th Cir., Oct. 16, 2018).

pets

Pros and Cons of Allowing Employees to Bring Pets to Work

According to the American Kennel Club, about 68% of households in the United States own a pet, with 60.2 million of those pets being dogs. And one poll conducted by the American Pet Products Manufacturers Association revealed that around 17% of working Americans reported that their company permits pets at work. Some of the more […]