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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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Only 52% of employees say they understand their health benefits, according to a new survey by the Employee Benefit Research Institute.
The Obama-era regulation would have required financial advisors to put their clients’ interests first when offering guidance on retirement plans.
The annual cost of treating opioid addiction and overdose—stemming from both prescription and illicit use—has increased more than eight-fold since 2004, from $0.3 billion to $2.6 billion in 2016.
Don’t wait for employees to bolt before you communicate exactly how much their pay and benefits are really worth. Regularly give employees clear statements that spell out exactly how much their compensation is worth.
Answers to four reader questions about the new law.
A federal court has granted a temporary injunction in a case involving continued health insurance coverage. The court concluded that a group of retired workers would likely succeed on the merits of their case.
A Republican-backed plan that would let employees borrow against future Social Security benefits to pay for family leave could wind up reducing their monthly retirement benefits by an average of 3%—and 10% for those with large families.
An increasing number of employers are giving money and other incentives to workers to encourage them to fund their emergency savings accounts, reduce their debt and attend financial education classes.
Employers that featured five or more wellness best practices had average turnover of 18%, compared to 29% for employers that had implemented two or fewer.
When an employee is injured on the job, what you do—and when you do it—can determine not only how quickly the employee will return to work but also whether he or she will return at all.
As telework’s popularity grows, so do legal concerns for employers. To lower your risks, devise a telecommuting policy that protects you on these fronts.
Thirty-seven percent of workers expect to work past age 70, an increase from 30% two years ago.
Be sure employees know your rules for leaving work early. That way, an employee who violates the rules will have committed willful misconduct, disqualifying him from receiving unemployment compensation benefits.
How much do your workers really understand about their employee benefits? A new study says U.S. employees truly understand less than they (or you) would think.
Union funding to organize fast-food employees was cut in half last year, according to a new study by the conservative Center for Union Facts.
New Jersey appears to be on the brink of becoming the 10th state to enact a mandatory paid sick leave law.
Two-thirds of millennials have absolutely no retirement savings according to a new report by the nonprofit National Institute on Retirement Security.
Now that millennials have begun to outnumber baby boomers and Gen Xers in the workplace, they’re changing the way employees use health care, according to new research by the Employee Benefit Research Institute.
Some employers will soon be able to avoid the hefty penalties and double damages that usually result when the government discovers violations of the Fair Labor Standards Act.

A worker who was seriously injured while driving to mandatory training is eligible for workers’ compensation.

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