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.
We do a good job of keeping our noses to the grindstone here in the United States, where the average employee puts in 1,798 hours per year. But we’ve got nothing on the world’s hardest-working industrialized countries.
Whether you offer health benefits or not, by Oct. 1, 2013, you must tell employees they can buy coverage through state-based exchanges. The DOL has issued model notice language you are free to use.
New research from the Institute for Women’s Policy Research finds that the wage gap between working men and women will not close until the year 2057.
The United States may be mired in a tepid economic recovery, but it’s worse in other countries. One indicator: In 12 of 13 industrial economies surveyed by the nonprofit WorldatWork organization, real salary budgets declined from 2012 to 2013.
The two key percentages you need to know to avoid free-rider penalties under the health care reform law are 60% and 9.5%. Your health plan must offer minimum value by picking up at least 40% of the cost (i.e., full-time employees can’t pay more than 60% out-of-pocket) and be affordable (i.e., employees’ premiums can’t exceed 9.5% of their household income).
Where does your organization stand now that the Obama administration has pushed back the employer mandate portion of the Affordable Care Act?
New York technology provider SiteCompli attracts recent college graduates for entry-level jobs with perks like a “Dress Like a Rock Star” clothing budget for each employee, a Chelsea loft-style office complete with a kitchen full of snacks, a conference table made of 32,000 Legos and high-intensity ping-pong tournaments.
Employees who steal from their employers violate their duty of loyalty. That makes them ineligible for unemployment compensation. That’s true even if the theft is small. But you must be prepared with clear testimony if you want to contest the worker’s right to unemployment benefits.
The San Jose Minimum Wage Ordinance, which took effect on March 11, raised the minimum wage for “covered employees” to $10 per hour. A “covered employee” is anyone who works two or more hours per week within the city limits.
In Minnesota, employees are supposed to be paid promptly and receive an accounting of their time worked. Failure to comply may mean you’ll have to pay a penalty.