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.
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For many employers, their most direct contact with the Affordable Care Act arrives this winter. Employers with 50 or more full-time-equivalent workers in 2015 must report to the IRS their offer of minimum essential and affordable health insurance to employees. Here are the details.
Q: “I work with a property management company who hires current tenants to work around the property, cleaning or doing outside work. They are currently compensated with a monthly rent credit. They put in as many hours as is necessary to get the job done, which could put them over 40 hours in a week. They sign a contract with the company to do this. Are there any issues with doing this? Should they be hired on and paid as an employee?” – Susan, Michigan
Employers that want to limit payouts for accrued vacation pay on discharge should make it clear that this will happen. Include the limitation in the employee handbook and make sure employees know the limitation is there by getting their acknowledgment that they read and understood the handbook.
The 9th Circuit Court of Appeals has nixed a firefighter’s claim that he should be paid for the time it takes to get to his station and retrieve his firefighting gear before reporting to a different station.
For the most part, the annual caps on 401(k) and other defined contribution retirement plans for defined benefit pension plans will stay the same from 2015 to 2016.
Applicants and current employees agree on the three top factors that make them say “No thanks, bye-bye” to a job.
Remember: The title that you decide to give an employee has no impact on whether or not she should properly be classified as exempt from overtime pay. What matters are her duties. If they are routine and menial in nature, she’s not exempt, even if she holds a lofty title in the organization.
The typical working household has virtually no retirement savings, according to a study by the nonprofit National Institute on Retirement Security. When all households are included—not just those with retirement accounts—median retirement savings added up to just $2,500.
Pay attention to the deal struck recently between the top automakers, GM and Chrysler, and the United Auto Workers, the largest union representing autoworkers.
A former intern is suing Mary-Kate and Ashley Olsen’s Dualstar entertainment, alleging she received neither pay nor college credit for four months of work. The former intern seeks to make the suit a class action by including 40 other interns.