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Compensation & Benefits

2025 health insurance renewal: Ask 5 questions to start planning now

06/17/2024
Now is the time to start laying the groundwork on your next health insurance renewal go-round. An early start will give you a fighting chance to keep costs under control in 2025.

$360K reasons employers need EPLI insurance coverage

06/07/2024
Sometimes, the laws that govern conduct in the workplace conflict in ways that are almost impossible to reconcile. When that happens, litigation is sure to follow. That’s one reason it’s essential to carry employment practices liability insurance. It can help pay for legal costs, damages and settlements when employers find themselves caught between a rock and a hard place, as happened in this case.

Do your benefits line up with what employees want?

06/05/2024
The 2024 Workplace Benefits Report from Bank of America offers valuable insights into employees’ evolving needs and expectations. As an HR professional, understanding these trends can help you craft a competitive benefits package that attracts and retains top talent.

E-Verify users: Check bookmarks for log-in access before June 25

06/03/2024
If you use the E-Verify electronic system to check the work eligibility of new hires, pay attention to an upcoming change: Effective June 25, the E-Verify account log-in page will only be accessible through everify.uscis.gov.

July 2024: Employer’s business tax calendar

05/31/2024
Here’s your monthly guide to critical payroll due dates.

Employer groups sue to block DOL’s new overtime rule

05/24/2024
A coalition of trade associations has filed a sweeping lawsuit asking a federal court in Texas to postpone the rule’s July 1 effective date, stop the rule from taking effect and forbid the DOL from “taking any action whatsoever” to implement the rule.

401(k) balances up 17% year over year

05/20/2024
The Bank of America Institute crunched the numbers, concluding that employees are contributing slightly more to their 401(k)s while borrowing against their funds less.  

Employees reclassified? Time to start training managers

05/20/2024
You say you have already responded to the Department of Labor’s new overtime salary threshold by reclassifying some white-collar employees as overtime-eligible nonexempts? Congratulations! Now comes the hard part—training managers in the finer points of the Fair Labor Standards Act before the new rules take effect on July 1.

The OT clock is ticking: Will you be ready for the new rule by July 1?

05/20/2024
Some employers are responding to the U.S. Department of Labor’s new white-collar overtime salary threshold rule by reclassifying some exempt employees into overtime-eligible nonexempts. In other cases, they’re planning to avoid additional overtime by raising pay above the new salary threshold. How far along are you? You now have just over one month to comply with the Department of Labor’s new rules, which take effect July 1. Here’s what you need to do now.

Avoid the wage-and-hour mistake that just cost an employer $229 million

05/17/2024
A jury recently reminded a Washington state employer that rounding time in a way that deprives employees of pay—even if it’s just pennies—can trigger a class-action lawsuit with a huge payout.