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Compensation & Benefits

The next recruit/retain perk? Free health insurance

05/17/2022
With cutthroat competition among employers to attract new employees and keep current staff from defecting, a once-unthinkable benefit is beginning to emerge: health insurance that is truly employer-provided.

More companies vow to cover abortion travel costs

05/10/2022
In the wake of recent limits on abortions at the state level and an expected Supreme Court ruling that would speed up those state restrictions, some large employers are saying they will cover travel costs for employees who have to leave their state to find an abortion provider.

Help returning workers handle sticker shock

05/10/2022
You probably can help returning employees by subsidizing some of the higher costs associated with coming into the office. Here are some ideas to consider.

DOL sessions suggest OT rule change is coming

05/05/2022
In a sign that the Biden administration is moving forward with plans to raise the overtime salary threshold for white-collar employees, the Department of Labor is holding a series of “listening sessions” to gather employer and employee feedback on revising the Fair Labor Standards Act’s exemptions for executive, administrative and professional employees.

Kids these days: ‘Here’s how much I get paid’

05/05/2022
Talking about how much one earns used to be considered taboo both at work and in social settings. That’s changing.

Survey: Employers address health care affordability

05/03/2022
Almost all U.S. employers—94%—say managing health care benefit costs will be their top priority over the next two years, followed by enhancing mental health benefits (87%), according to a new survey by Willis Towers Watson.

Inflation effect: HSA contribution limits to increase in 2023

05/03/2022
The IRS has announced a significant jump in the amount employees can contribute to health savings accounts that are tied to high-deductible health plans. It’s tacit recognition from the federal government that the inflation that has rocked the economy will probably continue well into 2023.

Employees still confident they can retire comfortably

05/03/2022
The Employee Benefit Research Institute’s 32nd annual Retirement Confidence Survey, conducted in January, found that more than 70% of workers are at least somewhat confident they will be able to retire comfortably, with three in 10 saying they are “very confident.”

Uh oh, crypto’s creep into your workplace is causing very real concerns

05/02/2022
Working through the intricacies of cryptocompensation, bit by Bitcoin.

There’s no free lunch … or free work

04/21/2022
The Fair Labor Standards Act requires that you pay at least minimum wage for all hours worked by employees. In almost all cases, “free” work is illegal, and you can’t just get around that requirement by citing “noncompensation” in a job ad, or by having an employee sign away their rights to compensation.