Gov. Jon Corzine signed into law a new benefits package for state employees that raised the retirement age from 60 to 62 and increased the minimum salary workers must earn before being eligible for pension benefits. Now state government employees must earn at least $7,500 per year to qualify for a pension. The previous minimum was $500.
Employee Benefits Program
A strong employee benefits program – including low-cost employee incentives, employee recognition programs, and employee appreciation programs – can help you improve morale and retention.
We provide employee appreciation day ideas, help you with employee retention strategies and employee benefits management
As the impact of the global economic crisis takes hold, a quarter of U.S. employers expect to make layoffs in the next 12 months. Find out how employers nationwide are hunkering down—and the HR lessons you can apply to your organization. Your goal: Do what needs to be done ... without killing productivity.
Say your CEO tasks you with cutting HR department costs. You know technology can help slay that cost dragon, but you have no idea where to start. Instead of combing through hundreds of vendor web sites, use these nonbiased resources to search for the right HR tech products.
Advances in medical research have resulted in the early detection and treatment of illnesses. One of the most significant advancements is testing that can identify genetic differences that could increase an individual’s chance of developing a particular disease. But there’s a downside to such progress ...
Plummeting unemployment insurance funds and rising state debt will likely trigger a “solvency tax” on many Michigan employers beginning in January, the Michigan Unemployment Insurance Agency (UIA) said.
Q. Can an injured worker obtain both workers’ compensation benefits and Social Security disability benefits at the same time? ...
Companies that self-administer their ERISA benefits plans, take note: Because your benefits decisions carry an implied conflict of interest (since rejecting a request for benefits such as retirement or payment of a medical bill means spending fewer company assets), courts expect your decisions to be transparent and based on good documentation.
Q. Our company is about to have a layoff. Are we required to pay severance to the employees we lay off? ...