Practical HR Tips, News & Advice. Updated Daily.
Tremendous cost-cutting and patient care improvements await insurers and plans that can leverage the recent gains of computing to improve patient self-management of care. The challenge is how to tap the big pools of data, and get “actionable” personalized results out to plan members so they can choose better, cheaper care and manage this care […]
A total rewards framework is a comprehensive way of looking at how employers pay their employees. It is now finding its way into the thinking of compensation and human resources professionals at more and more companies.
March is Women’s History Month. Let’s face it, the business world has been dominated by men for too long. Episodes of Mad Men come to mind, where just 50 years ago the majority of women served as assistants or secretaries. Sure, we’ve made progress, but has it been fast enough?
ERISA stands for the Employee Retirement Income Security Act of 1974. In short, this is the federal law that creates standards for retirement, health, and pension plans. Even though such plans are typically set up privately, employers that opt to offer them have an obligation to meet the requirements under ERISA when implementing their plans. […]
Even if those administering your plan are familiar with the ERISA notice and disclosure requirements, it’s worth remembering the importance of notification during the series of benefits transfers that can occur from corporate takeovers. Not doing so, even if the accrued benefits are shifted to the new company, can leave participants unaware — and possibly […]
Simply paying an aggrieved plan participant for unpaid benefits due was enough to make him whole under ERISA, so no further money damages were warranted as a form of equitable relief, a federal appeals court has ruled. With this conclusion, a majority of the full en banc 6th U.S. Circuit Court of Appeals overturned an earlier ruling […]
There’s still time to take our Benefits: Perks & Insurance survey and shape the conversation—as well as get a look at what your competitors might be up to!
A valued employee is a retained employee. How can employers show their workers how much is invested in their efforts (beyond just their wages)? By providing total reward statements. Today, we present some advice on crafting these reports from Consultant John Rubino.
What is the Age Discrimination in Employment Act (ADEA), and are you in compliance?
Packets being given to retirees and separated, vested employees considering taking an immediate lump-sum distribution from their former employer’s defined benefit retirement plan rather than continuing lifetime income benefits routinely lack some key information needed to make an informed decision, or were unclear, according to the U.S. Government Accountability Office in a recent study. With […]