Tag: benefits

Survey Results: Telecommuting Policies and Dress Codes

[For the beginning of the survey report, go here.] Telecommuting Formal telecommuting guidelines are in place and employees are required to sign a formal agreement for 23.8%. An allowance to cover employee expenses for setting up telecommuting at their home is provided by 33.1%, 40.3% reimburse telecommuting employees for monthly Internet connections, and 54.2% reimburse […]

Perks Survey Results in; How Do You Compare?

Highlights of our 2014 Perks Survey of over 2,000 employers: Paid holidays is the number one perk. Also in the top five: life insurance, LTD, STD, and paid vacation. For exempt employees, flextime is offered by 60.9%. Other benefits being offered include: Financial planning assistance (51.7%) Telecommuting (49.2%) Legal assistance programs (39.8%) On-site fitness centers […]

Higher PBGC Premiums Make DB Plans More Apt to Borrow

Defined benefit plan sponsors have gained a new incentive to fully fund their pension plans – even if that requires borrowing, according to a recent research report. The Moving Ahead for Progress in the 21st Century Act enacted in mid-2012 raised U.S. Pension Benefit Guaranty Corp. premiums for plan sponsors maintaining an underfunded DB plan, […]

Why Proper Worker Classification Is So Important

Ensuring the proper classification of workers is a concern for many reasons. Taxes, employment laws and employee benefits are the main ones. Have you run into situations where you were unsure of whether a worker should be classified as an employee or contractor?

Workers’ Comp Basics

Workers’ compensation laws have come about as a way to establish a means of compensation for injured employees while simultaneously reducing the amount of litigation against employers when employees are injured on the job. The workers’ compensation laws are administered on the state level, and the federal government has its own separate program. Workers’ compensation […]

Health Care Reform: COBRA notices changed; special enrollment opportunity created

Due to some ambiguity in model government language explaining the interplay of the Affordable Care Act with COBRA coverage, the Obama administration has both proposed an update to model COBRA notices and provided a new special enrollment opportunity for COBRA qualified beneficiaries (QBs) to enroll in marketplace coverage. Last year, the U.S. Department of Labor […]

Pros and Cons of Noncompete Agreements

A noncompete agreement is an agreement between an employer and employee that the employee will agree to not work for a competitor immediately after leaving employment with the current employer.

Penalties Await Plans That Ignore ACA’s High-litigation Risks

Employers have cited complying with the Affordable Care Act as their number one concern in surveys, and that wouldn’t be the case if there weren’t taxes and money penalties backing it up. This is true even though the government postponed until 2015 penalties for failure to comply with the ACA’s play-or-pay mandates, temporarily reducing the […]

Employee Development: Using it as a Retention Tool

Some employers fear spending on employee development, citing the risk that the employee might take those new skills and leave. This fear is pervasive. It affects decisions not only for new hires, but for long-term employees wanting to advance their skills. This can become a catch-22, however, since employees who are not given opportunities to […]