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 improving economy is bolstering dreams of retirement for many Americans. The number of workers age 60 or older who say they are delaying retirement has reached a post-recession low of 53%.
More than 80% of U.S. employers expect to make changes to their health benefit programs over the next three years, despite cost increases remaining at historically low levels, according to new research from the Towers Watson HR consulting firm.
Most employers know they must send a COBRA notice to terminated workers no longer covered by the company health plan. COBRA letters tell former employees they can continue their health insurance coverage for 18 months if they begin paying the entire premium, plus a small service fee. But what happens if the employee hasn’t been fired, but instead has been placed on an unpaid suspension pending possible discharge?
Generally, employees fired for misconduct aren’t eligible for unemployment compensation benefits. That’s because payments are due to employees who are unemployed through no fault of their own. But not every mistake counts as misconduct.
The U.S. Departments of Labor, Health and Human Services, and Treasury have published final rules to amend the definition of excepted benefits to include certain limited wraparound coverage for employees who buy health coverage in the private market, including through Affordable Care Act insurance exchanges.
There’s no consensus on the best way for employers to rein in health care costs, but consumer-directed health plans, such as high-deductible coverage paired with a health savings account, have the most support.
Adults who were high school athletes tend to have higher incomes, according to a new Harris Interactive poll. Fifteen percent of adults who participated in athletics have personal incomes greater than $100,000, compared to just 9% of those who did not participate.
Many organizations give employees a specified number of annual paid days off—perhaps 10 or 15—in addition to a handful of federal holidays. Bart Lorang felt that wasn’t enough.
Q. We have an employee going from a full-time salaried position to part-time hourly. To set his hourly rate, do we have to divide his salary by 2080 (40 hours per week for a year)?
American workers who rollover 401(k) retirement savings into individual retirement accounts lose at least $8 billion per year because of conflicts of interest created by financial advisors’ reliance on commissions, according to a new Department of Labor report.