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.
Former employees who collect unemployment benefits while working part-time jobs must report that income.
Increasing the minimum wage isn’t just a hot topic in the United States. On Jan. 1, Mexico’s minimum wage rose 3.9%, to at least 63.77 pesos—about $4.88—per day.
This is the insurance industry’s lingo for a system of carrots and sticks that rewards patients for undergoing medical procedures with a good track record of success (think flu vaccines and hypertension treatment) and penalizes them for treatment of questionable value (hip-replacement surgery and many kinds of high-tech imaging, for example).
Employees at the Manhattan flagship store of Victoria’s Secret received raises of between $1 and $2 per hour recently, and say it’s all because of a petition started on the advocacy website www.change.org.
Have a lawyer draft any release that accompanies a severance payment. If the employee sues and the release was carefully written, the court will probably say it bars suing—and may require repaying severance money before the worker can even try challenging the release’s validity.
Consider this scenario: A former employee is collecting unemployment. You have an opening that matches his skills and abilities, but which pays less than the previous position. If you make an offer and the former employee rejects it, he may lose his unemployment compensation benefits.
Employees with one year of service receive an average of 11 paid vacation days a year, according to a SHRM survey.
Q. One of our employees claims she has a marriage certificate for herself and her female partner and now wants to put that partner on her insurance plan. Do we have to do that?
College students who are lucky enough to land internships at Knoxville, Tenn.-based WeScore.com will earn $22 an hour. The Internet startup—slated to launch early this year—relies on more than a dozen University of Tennessee students to fill out its small staff.
For years, the tax code treated employer subsidies for employee parking and mass transit roughly equally. Employers could give employees up to $250 per month tax-free to pay for parking and $245 per month to take the bus or subway. But expiration of part of the Internal Revenue Code cut the tax-free mass-transit subsidy to just $130 per month.