Compensation & Benefits

Remind retirement plan participants: Don’t neglect stock investments

08/26/2014

Most Americans are unaware that the stock market is booming, according to a new Gallup poll. The S&P 500 gained 30% in 2013, yet only 7% of those polled knew that, and only 52% believe now is a good time to invest in stocks.

Common payroll pitfalls and how to avoid them

08/25/2014

The American Payroll Association’s 32nd Annual Congress revealed fixes and solutions in some potentially dangerous gray areas.

Survey: 2015 health costs to grow 6.5% or less

08/25/2014

Large employers’ health care benefit costs are expected to increase 6.5% in 2015, slightly lower than this year’s rate of increase. Most employers, however, say they’re planning changes to their benefits programs that should limit cost growth to 5% or less when all is said and done.

Employer slammed for failing to honor IRS tax levy

08/22/2014

When the IRS knocks on your company’s door with a wage levy against an employee, don’t pretend there’s no one home. A federal trial court has ruled that a company that ignored an IRS wage levy is on the hook for the levied amount—plus a 50% penalty.

City pushes financial wellness alongside medical checkups

08/22/2014

Just as it encourages employees to have their medical checkups, the city of Winter Park, Fla., pushes its staff to complete an annual financial well-being checkup.

Benefits for terminally ill worker: How can we help?

08/21/2014

Q. A 26-year-old employee has terminal cancer and can’t work any longer. Our company is small and doesn’t offer health insurance, and she is not covered on an individual policy. Is it a correct protocol to lay off this employee so she can receive unemployment and other benefits, such as Medicaid?

Vacations: When we do take them, they’re too brief

08/21/2014

According to the U.S. Travel Association, 61% of employees leave three or more vacation days on the table every year, and they’re less likely to use up those days if they’re allowed to carry them over to the following year.

What to do when schedules affect child-support obligations?

08/20/2014

Question: We have weekly-paid employees who regularly work four consecutive weeks and then take two weeks off. As a result, some have trouble maintaining their monthly child support obligations. How might we work with the state agencies to accommodate our pay frequency so employees don’t end up in arrears?

Can ‘resign & rehire’ trick bypass open enrollment?

08/19/2014

Q. An employee failed to participate in open enrollment, thereby losing her insurance coverage. Can she resign and be immediately rehired to enroll in our medical plan as a new hire?

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