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.
Even if they’ve been diligently socking away money in their 401(k) plans, employees who are about to retire are no doubt nervous about their financial futures. The nagging question: Will their retirement savings last as long as they do? Believe it or not, the IRS wants to help.
Supplemental health insurance plans can build good will among employees, make your benefits package more competitive and enhance HR’s image. To make sure you secure the best coverage at the best prices, ask insurance brokers about the following topics.
Q. How much time must our company allow an employee to review a severance package before accepting or rejecting the release agreement?
The Fair Labor Standards Act doesn’t require you to provide employees with meal breaks. It does require you to pay employees whose meal breaks last for fewer than 30 minutes and those who work through their meal breaks. However, 40 states do have laws covering meal and rest breaks. This chart summarizes those laws.
Louisville-based Appriss offers its 350-plus employees free access to an on-site doctor’s office. The technology-solutions company also waives health care insurance premiums for workers who do not use tobacco.
Q. Several of our employees have compiled a lot of vacation time. Is there any way we can manage how much vacation leave time our employees accrue?