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.
British business mogul and Virgin CEO Richard Branson is in the news again for a new workplace policy granting a full year of paid parental leave to employees of Virgin Management, the investment arm of the Virgin Group.
Q. Is it acceptable for a company to negotiate with employees (on a case-by-case basis) to provide higher salary in exchange for the employee not taking certain benefits that the company pays 100% for (such as life insurance, AD&D, STD and LTD)? — Ed, Virginia
A new decision by the U.S. Supreme Court has upped the fiduciary ante for employers that offer defined contribution retirement plans.
The U.S. Department of Labor’s Employee Benefits Security Administration has uncovered “serious issues” with the quality of employee benefit plan audits performed by certified public accountants.
Los Angeles is the latest municipality to stop waiting for federal or state action on minimum wage legislation. The L.A. City Council voted 14-1 to raise its current $9 an hour minimum wage to $15 by 2020, a move that will give a pay raise to half the city’s workforce.
Q. Is it illegal for managers to change exempt or nonexempt employees’ time sheets if they neglect to indicate that they took a day off?
The Supreme Court has ruled that retirement plan fiduciaries have an ongoing duty to monitor all 401(k) plan assets and sell off under-performing securities and funds.
Employees discharged for willful misconduct aren’t eligible for unemployment benefits. Generally, refusing an assignment is willful misconduct. But what it you only fire one and not others who refuse the same assignment?
One-third of full-time workers believe balancing their work and personal lives has become more difficult in the last five years, as a Great Recession legacy of stagnant salaries and longer hours adds pressure at the office and on the home front.
The U.S. Department of Labor has developed appraisal guidelines to help employers that sponsor Employee Stock Ownership Plans make informed decisions about legally buying and selling company stock.