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Compensation & Benefits

Small businesses get DOL wage-and-hour help

10/18/2018
The U.S. Department of Labor has launched a web portal to help small businesses comply with the Fair Labor Standards Act and other employment law statutes.

DOL’s PAID program renewed through March

10/18/2018
Buoyed by news of record recoveries of wage underpayments in the last year, the U.S. Department of Labor has announced it will continue its pilot Payroll Audit Independent Determination program—known as PAID—for another six months.

One-third of workers will retire comfortably by age 67

10/16/2018
If current employee savings trends continue, half of workers will need to wait for retirement until at least age 70 to be considered financially prepared, according to findings from a new survey by the Aon consulting firm.

Will Amazon’s pay hike affect your budget?

10/11/2018
Amazon’s new minimum wage will benefit over 250,000 regular full-time and part-time employees. But the effect may be more widespread.

Minimum wage for federal contractors goes up in 2019

10/10/2018
Effective Jan. 1, 2019, employers performing work on federal contracts must pay workers $10.60 per hour.

DOL offers employer advice on association health plans

10/10/2018
The U.S. Department of Labor has published compliance assistance materials on association health plans.

Premiums up modestly, while deductibles soar

10/10/2018
Annual family premiums for employer-sponsored health insurance rose 5% to average $19,616 in 2018, extending a seven-year run of moderate increases.

Snapshot: Reality check: When will you really retire?

10/10/2018
Life has a way of interfering with employees’ retirement plans.

The ‘S’ in HSA stands for ‘spending,’ not ‘savings’

10/10/2018
Benefits brokers tout health savings accounts as a way to sock away money to pay for health care expenses down the road. But that’s not how employees use HSAs today, according to a new survey.

DOL weighs in: Pay for participating in wellness activities?

10/09/2018
More and more employers are providing various wellness incentives as part of their medical insurance plans to promote healthier lifestyles and choices. A new opinion letter addressed whether employees should be paid when they participate in certain activities.