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.
The IRS has announced that the amount employees can defer on a pretax basis into 401(k) accounts goes up to $17,500 in 2013.
President Obama’s re-election ensured that the Affordable Care Act (ACA) health care reform law will remain in effect. That means the nature of health insurance benefits will change dramatically by 2014, and HR executives have some huge decisions to make about their options.
Chief Executive magazine recently completed its annual survey of CEO and senior executive compensation in private companies, based on responses from 1,100 private companies. Some research highlights:
Locate plans that suit your workforce at finder.healthcare.gov. The site, run by the U.S. Department of Health and Human Services, identifies health insurance carriers serving the small business market in your area.
This year’s merit increases will hover around 3%, according to a survey of 270 large multinational companies by compensation consulting firm Empsight International. Say farewell to across-the-board pay hikes and years-of-service bumps. Instead, look for renewed emphasis on raises linked to meeting or beating organizational goals. Here are the compensation trends to watch in 2013.