Compensation and Benefits — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Page 91
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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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Annual premiums for employer-sponsored family health coverage reached $15,745 this year, up 4% from last year, with workers on average paying $4,316 toward the cost of their coverage, according to the Kaiser Family Foundation’s 2012 Employer Health Benefits Survey.

Q. With the start of the school year, several of our employees have asked to leave work early to attend parent orientation events at their child’s school. Are we obligated to grant employees time off for these events?

Q. We recently needed to cut back on some of our employees’ shifts, meaning that some of them now work less than 40 hours per week. In order to bring their hours up to 40, these workers have been filling in their time sheets with varying amounts of their earned vacation. Are we permitted to restrict when our employees may use their earned vacation?

Q. We want to terminate an underperforming employee and are considering offering a severance agreement in which we agree not to contest unemployment benefits and he agrees to resign and release the company from any claims. Is that OK?
In Minnesota, an employee who has a medical condition that prevents him from working can still collect unemployment benefits if he quits. But before he quits, he has to tell his employer about the medical problem so the employer has a chance to offer time off and continued employment when he returns.

The IRS has announced that the amount employees can defer on a pretax basis into 401(k) accounts goes up to $17,500 in 2013.

President Obama’s re-election ensured that the Affordable Care Act (ACA) health care reform law will remain in effect. That means the nature of health insurance benefits will change dramatically by 2014, and HR executives have some huge decisions to make about their options.

Ohio’s Bureau of Workers’ Com­pen­sation is trying to reduce the amount of powerful narcotics prescribed for injured workers receiving workers’ comp benefits.

Chief Executive magazine recently completed its annual survey of CEO and senior executive compensation in private companies, based on responses from 1,100 private companies. Some research highlights:

Locate plans that suit your workforce at finder.healthcare.gov. The site, run by the U.S. Depart­­ment of Health and Human Ser­­v­­ices, identifies health insurance carriers serving the small business market in your area.

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