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.
When the owner of Windswept Environmental Group died in November 2008, he left behind more than a business. The Bay Shore company’s 401(k) retirement plan was orphaned, too, since the owner was the plan’s only fiduciary. Now the DOL has asked a court to appoint a fiduciary for the plan.
When most employees change jobs, they either cash out previous 401(k) accounts (bad move) or roll them over into an IRA (better). Very few opt for what may be the very best money move: rolling retirement funds into a similar 401(k) plan at their new organization.
Participants in Ameriprise’s 401(k) plan are suing the investment firm, claiming it operated the retirement program for its own benefit, not its employees and retirees.
With data showing how employee income and health-benefit plan participation are closely intertwined, a new study is sounding alarm bells for employers that must begin complying with the affordability mandates of the Affordable Care Act next year.
Bonuses are back, according to research conducted by the Hay Group. But with a pragmatic nod to today’s austere business environment, employers are taking a hard look at why they’re dishing out variable pay, what they want it to accomplish and how they decide who gets how much.
More employers are turning to high-deductible health insurance plans. But don’t automatically assume that they’ll cut your organization’s costs.
The U.S. Department of Justice and the EEOC have announced a settlement with two Texas state agencies, resolving pay discrimination allegations at a state department that no longer exists.
Employers plan to spend an average of $521 per employee on wellness incentives this year, according to a survey by the National Business Group on Health. That’s 13% more than in 2011, and double the $260 average reported in 2009.
New York-based public relations firm Weber Shandwick is helping its employees recharge mind, body and soul through an array of programs that encourage them to engage in new experiences, take care of themselves and keep in touch with one another.
The U.S. Supreme Court has agreed to rule on a controversial issue: whether time that employees spend putting on (and taking off) safety-related gear should be considered “paid time.”