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.

You’re probably under pressure to reduce benefits costs as your organization tries to remain competitive in the marketplace. But don’t neglect your competitiveness in the race to attract and retain the best employees. They’re probably looking for even better benefits to offset static pay raises. Five key issues are emerging in 2008 for compensation and benefits professionals ...

Don’t want to disclose more information about your executives’ compensation and benefits packages? Scale them back. That’s what more organizations are doing since the Securities and Exchange Commission (SEC) in late 2006 required public companies to start reporting perks valued at $10,000 ...

The Texas Workforce Commission (TWC) recently agreed to tell the IRS about employers that fail to properly pay state unemployment insurance taxes. The TWC joins 28 other state work force agencies in entering the new initiative, which expands on existing data-sharing efforts between federal and state agencies ...

Employees injured while at work are entitled to medical treatment to correct those injuries. It turns out that treatment can include cosmetic surgery ...

Companies planning to take over existing businesses and continue running them as they were run in the past—watch out! If the former management didn’t pay its employees properly, your company may be inheriting legal liability as well as a new business ...

The IRS has announced it’s stepping up audit efforts with a renewed emphasis on examining returns of small business entities. Watch out for these five danger signs that could lead to IRS inquiries.

The IRS recently issued final regulations for implementation of Section 409A of the Internal Revenue Code. Section 409A regulates deferred compensation. Deferred compensation benefits traditionally have been viewed as compensation reserved for executives and upper management level employees. But the effects of Section 409A extend much further. Now is the time to familiarize yourself with the regulations ...

Gov. Arnold Schwarzenegger recently signed California’s new law allowing military spouses to take leave. The law requires some employers to provide up to 10 days of unpaid leave to the spouse of a qualified member of the U.S. armed forces, National Guard or reserves. Here are employer guidelines on exactly how to administer this new entitlement ...

Florida’s minimum wage rises to $6.79 per hour on Jan. 1, 2008. Florida law requires the Agency for Workforce Innovation to adjust the minimum wage annually to reflect changes in the U.S. Consumer Price Index for urban wage earners and clerical workers in the South. The index rose 1.85% in the year ending Sept. 1, 2007 ...

Q. We have an exempt employee who is consistently late a few times a week, arriving anywhere from a few minutes to a couple of hours late. Can we discipline him for being consistently late? In addition, can we require him to work at set times—for example from 9 am to 5 pm? ...