Compensation and Benefits — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Page 113
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Compensation and Benefits

Compensation and benefits topics – whether it’s minimum wage, workers’ compensation laws, or employee pay – if properly handled, can help you retain workers and recruit new ones.

Use our advice to craft independent contractor agreements that keep independent contractors – and your bosses – happy.

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The Social Security Administration has announced that the taxable wage base for the Social Security portion of FICA will increase to $110,100 in 2012. That’s a 3.1% hike over the 2011 wage base of $106,800.
The Social Security Administration has announced that the taxable wage base for the Social Security portion of FICA will increase to $110,100 in 2012. That’s a 3.1% hike over the 2011 wage base of $106,800. The tax rate for the employee portion of payroll taxes stands at 4.2% ... at least through Feb. 29.
One goal of last year’s federal health-care reform legislation was to make it more affordable for small business owners to offer health insurance benefits to employees. So, tucked into the Affordable Care Act is a little-noticed but potentially invaluable provision that could save small businesses thousands of dollars per year.
Budget woes have led 10 states—Arkansas, Illinois, Indiana, Florida, Michigan, Missouri, Pennsylvania, Rhode Island, South Carolina and Wisconsin—to pass laws in the first half of 2011 to reduce unemployment insurance benefits or tighten eligibility requirements—or both.
Employees of Monarch Bank work at cubicles so huge that they call them “Taj Ma-cubes.” Every President’s Day, they celebrate “Monarch Day” with training sessions and an awards ceremony. And last year, their bonus checks were 30% bigger than the year before. Result: Employees stay.
Sometimes unique workplace situations lead to creative solutions, but those solutions aren’t always, well, legal. Legal Sea Foods’ location at the Philadelphia International Airport has two positions that apparently exist nowhere else in the chain: silverware rollers.
Sometimes unique workplace situations lead to creative solutions, but those solutions aren’t always, well, legal. Legal Sea Foods’ location at the Philadelphia International Airport has two positions that apparently exist nowhere else in the chain: silverware rollers.
The South Jersey Port Corporation, which operates shipping terminals on the Delaware River near Philadelphia, has heeded New Jersey Gov. Chris Christie’s call for fiscal austerity by taking a heretofore unusual step: It will no longer pay bonuses for not being late.
Gov. Jerry Brown has signed legislation that spells out insurance and time-off requirements related to California’s new law that guarantees paid leave for employees who donate organs and bone marrow.
Q. We’ve had an exceptional number of suspicious injuries at work so far this year. We don’t want to jump to conclusions, but how can we determine if these injuries are part of a workers’ comp insurance fraud scheme?
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