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.
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.
Q. An exempt employee ran out of PTO at the end of 2013. I was led to believe we could dock any hours the employee took off for personal time after using all PTO. (Our policy says employees who are out of PTO can be granted personal time off without pay.) Did we handle this correctly?
Someone who is fired for breaking a workplace rule isn’t entitled to unemployment benefits. That’s because rule-breaking is misconduct. But if the rule is unclear, all bets are off.
Many employers anticipate spending more on health benefits this year as employees who previously declined insurance sign up in order to comply with the Affordable Care Act’s individual mandate.
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).