Ask the Experts: Pitfalls to Avoid When Moving to PTO Plan
Question: We would like to convert our vacation and sick leave benefits into a PTO plan. What steps should we take in the conversion?
Tag: benefits
Pennsylvania Court of Appeals’ Unemployment Decision Helps Gig Economy
A court of appeals in Pennsylvania recently reversed a finding that income a man earned from driving for Uber rendered him ineligible for unemployment benefits after he lost his job as a behavioral health specialist.
Are You Using Benefits Strategically?
The 2017 Strategic Benefits Survey from the Society for Human Resource Management (SHRM) finds that organizations need to move away from thinking about benefits in traditional ways and instead adopt a strategic mindset that considers the impact of benefits on employee recruitment and retention.
SEC Enters Fiduciary-Rule Arena with Proposed Regulations
The Securities and Exchange Commission (SEC) on April 18 disclosed its own proposals for new conflict-of-interest standards for the way in which financial advisers and broker-dealers identify themselves and sell products for fees to retail investors.
Digital Health: Employers Identify Gaps, Opportunities in Employer-Sponsored Benefits
Do you offer digital health benefits to your workforce? These digital health solutions are gaining popularity among all generations and prove to be a key asset in talent retention.
What Is a Real-Time Review?
Performance reviews get their share of bad press. There are lots of reasons that more and more organizations are transitioning away from the traditional model of annual performance reviews.
Did You Know: The DOL Audits Health Plans
Employers always try to stay in compliance with applicable regulations, and most of us try very hard to ensure we’re doing everything right. That’s why the word “audit” can be so fear-inducing: An audit seeks to uncover any missteps—something no one wants.
Turning Passive Candidates into Active Ones
In yesterday’s Advisor, we noted that passive candidates may be a great resource to try to fill vacant roles. We reviewed several ways to try to find these candidates. Today, we’ll take a look at how to entice a passive candidate to become an active one.
ARA Seeks Expansion of IRS Self-Correction Program for Retirement Plans
The Internal Revenue Service (IRS) should modify its Employee Plans Compliance Resolution System (EPCRS) to expand its use by retirement plans seeking to self-correct errors, according to the American Retirement Association (ARA). Doing so would reduce the burden of newly increased Voluntary Correction Program (VCP) fees (see, IRS Adjusts Voluntary Correction Program User Fees Starting […]
Communicating the Employee Value Proposition (EVP)
Whenever a potential employee considers working for your organization, there are a lot of factors they will likely be considering—things like pay, benefits, company image, organizational values, and more. All of these things put together are the things that make up the EVP—the value that an employee derives from working there.