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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In December, Gov. Andrew Cuomo signed legislation eliminating employers’ obligation to file an annual statement under the Wage Theft Protection Act. The annual statement provided a snapshot of pay rates and to employees each January.
Employers must pay for the time employees spend sitting at their desks if they aren’t allowed to leave—even if they aren’t doing any work.
Women invest 6% to 12% more than men in defined contribution plans such as 401(k)s, according to the Vanguard investment firm’s “2014 How America Saves” report.
Pay-for-performance continues to define U.S. employers’ compensation strategies. According to a new study by the WorldatWork nonprofit, 72% of 600 organizations surveyed report that they directly tie pay raises to job performance—and 67% say their best employees earn increases that are 1.5 times higher than those of average workers.
A Harris Poll of 2,255 U.S. adults found us making these money-related resolutions for 2015.
The IRS has begun to examine the tax treatment of employer-provided free meals, such as those famously provided by Silicon Valley tech firms like Google.
Have technology and the global economy made it just about impossible to compartmentalize work and life separately?
A study commissioned by the U.S. Department of Labor finds that somewhere between 3.5% and 6.5% of workers in New York earn less than the minimum wage. The study, performed by Eastern Research Group, showed that more than 300,000 New York workers were being paid illegally low wages.
American businesses are benefiting from lower energy costs and rising sales, a fact not lost on unions and employees. Signs that employees expect a bigger piece of the pie abound everywhere, from your local McDonald’s restaurant (the symbolic focus of efforts to raise the minimum wage) to the airline industry.
Health coverage for employees’ spouses and dependents is on the chopping block as employers seek to rein in health care costs and avoid the Affordable Care Act “Cadillac tax” on high-value insurance plans set to take effect in 2018.