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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Sheetz President and CEO Joe Sheetz says the convenience store giant not only tries to offer the same employee benefits as its competitors, but tries to customize perks to suit its young workers, many of whom work relatively few hours.
The ACA’s employer mandate has been delayed until Jan. 1, 2016, for mid-sized employers, while compliance thresholds for large employers have been scaled back.
The owners of Mythos, a Greek restaurant in Queens, have agreed to pay $329,000 in back pay and liquidated damages to 21 employees following an FLSA investigation by the DOL’s Wage and Hour Division.
Maybe their smiles were hiding the discontent. But according to a lawsuit filed against the NFL’s Oakland Raiders, current and former Raiderettes were paid only $1,250 per season—about $5 an hour for the work they performed, which included game-day cheerleading, re­hearsing and appearing at special events.
Most workers are satisfied with the health benefits they have now and aren’t interested in changing the current mix of benefits and wages offered by their employers, according to a new survey by the Employee Benefit Research Institute.
Q. Does any law require a company to give employees a raise at the end of the year or other amount of time?
In his State of the Union address, President Obama announced that he was directing the Treasury Department to create “myRA”—a government-backed affordable “starter retirement savings account that will help millions of low- and middle-income Americans begin to save for retirement.”
President Obama plans to issue an executive order requiring federal contractors to pay employees at least $10.10 per hour, starting in 2015. The announcement came during Obama’s State of the Union address.
Feeding employees is a fast-growing perk that can benefit staff and employer alike. Organizations of all sizes find that even occasional meals or simple snacks can reap many benefits. If you’re considering offering meals as an employee benefit, follow these guidelines.

HR Law 101: Passage of the Fair Minimum Wage Act of 2007 marked the first boost to the federal minimum wage since 1997. In July 2007, the federal minimum wage increased from $5.15 to $5.85 per hour. Additional raises took effect over the next two years: to $6.55 on July 24, 2008, and to $7.25 on July 24, 2009.

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