Compensation & Benefits

Time to pre-worry about this year’s W-2s

08/21/2024

Payroll is full of worry, and it only gets more intense as the year winds down. Here are some things you can do to ensure your year-end process runs as smoothly as possible.

Travel time & money: Lessons for employers

08/20/2024

Tracking working time and reimbursing nonexempt employees for their traveling expenses can be difficult tasks. Fail to do both and you’ll end up in the middle seat on a long flight to nowhere. Two cases illustrate.

By the numbers: Workers’ comp claim causes and effects

08/19/2024

The most common workplace accidents account for the most expensive workers’ compensation claims, according to a new report by Travelers, the nation’s largest workers’ comp insurer.

Retirement-savings research: How to enhance your retirement benefits and encourage employees to save

08/14/2024

Balances of defined-contribution retirement plans such as 401(k)s and 403(b)s grew significantly between 2019 and 2021, according to a new study by the Public Retirement Research Lab. Whether your organization operates in the public or private sector, the study offers some key takeaways HR professionals can use to encourage employees to contribute to their defined-contribution retirement plans.

401(k) auto-enrollment is coming. Are you prepared?

08/08/2024

Under SECURE 2.0, new 401(k) plans established after Dec. 29, 2022, must auto-enroll participants once they’re eligible, beginning with the 2025 plan year—Jan. 1 for calendar-year plans.

Wage growth tapered off in the last year

08/05/2024

Pressure to pay employees more seems to be easing. Compensation costs for private-sector employers increased 4.1% between June 2023 and June 2024, according to the Bureau of Labor Statistics.

Metrics: More than numbers and crucial to track

07/31/2024

You need metrics, as this data provides powerful information and information is power. Metrics can show how managers manage, track terminations and employee morale, support decision-making (e.g., having the data to justify a new hire) and identify trends. All of this makes the payroll department a key corporate player.

September 2024: Employer’s business tax calendar

07/31/2024

Here’s your monthly guide to critical payroll due dates.

Prepare to pay for time spent waiting to log in, sign off

07/26/2024

A federal appeals court recently reminded a lower court that the FLSA requires paying hourly workers for all time spent working on their employer’s behalf—unless pre- and post-shift activities are so inconsequential that they constitute de minimis time.

Pay disparities: The impact of hiring higher-paid employees

07/17/2024

Pay compression—hiring new employees at higher pay rates than incumbents—is a common issue faced by HR professionals. It is exacerbated when labor markets are tight, as they are today. It is also a known culprit driving gender inequities.