Compensation & Benefits

Summer hires: Keeping it all in the family

04/17/2024

Family businesses usually don’t have to look very far for summer employees. And while hiring your kids can pay dividends for both of you, don’t make the same mistakes many family businesses make when they hire their kids: picking up their credit card bills or other personal expenses, calling them wages and deducting them as salary expenses.

Help employees build rainy-day funds by offering Pension-Linked Emergency Savings Accounts

04/15/2024

The precarious financial situation in which many workers find themselves is often reflected in high levels of stress, poor sleep and general worry—all factors that can negatively affect productivity and job performance at work. Fortunately, there’s a potential solution that employers can make part of their benefits package.

It’s America Saves Week!

04/11/2024

Let’s explore some of the financial wellness benefits employees say they want now. HR and Payroll should work together to offer the right mix of benefits to recruit and retain talented employees, with the correct tax outcome.

New college grads can expect higher pay than last year

04/08/2024

With an overall projected average salary of $76,736, engineering graduates are expected to be the class of 2024’s top-paid majors. That is a 3.1% increase over last year’s projections.

Explore benefits to help employees find, afford child day care

04/08/2024

Quality child day care can be crushingly expensive. For many workers, employer assistance is a lifeline that lets them remain in the workforce instead of staying on the sidelines until their kids are old enough to go to school.

May 2024: Employer’s business tax calendar

03/31/2024

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

Last Friday in March wrap: Regs limit certain health insurance policies, exceptions to IRS’ 45-day notice rule and more

03/29/2024

Consumer-protection notices, IRS third-party contacts and more as March winds down.

FY 2024 IRS appropriations bill includes payroll provisions

03/26/2024

Congress managed to keep the lights on through Sept. 30—the end of the federal government’s 2024 fiscal year—by passing two minibus (as opposed to an omnibus) appropriations bills. The second minibus, which passed last weekend, includes funding for the IRS and two provisions intended to protect employers from fraud committed by unscrupulous third-party payroll providers.

Bill introduced to make 32-hour workweek the norm

03/25/2024

The Thirty-Two Hour Workweek Act would amend the Fair Labor Standards Act to cut the standard workweek from 40 hours per week to 32.

Get a head start on preparing to handle summer-hire paperwork