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.
New Jersey and its public employees will pay more for health insurance coverage next year. Rates for 2012 health insurance plans will rise by an average of 9% for active state employees, 3% for retirees and a whopping 10.3% for municipal employees.
Effective Jan. 1, 2012, Ohio’s state minimum wage rises from $7.40 per hour to $7.70 per hour. The minimum wage for tipped employees increases to $3.85 per hour. Employers must still ensure that tipped workers’ wages and tips add up to the state’s new minimum wage of $7.70.
Conventional wisdom says that paying employees well goes a long way toward making them feel like they’re treated fairly. Not necessarily. Employees don’t consider pay or salary increases as the top factor in determining whether they are rewarded fairly, according to a new study.
During these difficult economic times, small and midsize businesses are looking for ways to reduce their employment costs—while maintaining employee benefits and gaining a competitive advantage in the marketplace. Many employers are looking at alternative staffing models to meet those objectives.