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Compensation & Benefits

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.

Survey: Employers expect to enhance retirement plans

04/19/2022
Most U.S. employers are eyeing enhancements to their defined contribution retirement plans in an effort to boost their employees’ retirement security and financial well-being, according to a survey by the Willis Towers Watson consulting firm.

Inflation spurs employers to reconsider salary budgets

04/19/2022
One factor fueling the labor market churn known as the Great Resignation: The 8.5% year-over-year inflation rate reported at the end of March.

Remote workers struggle with work-life boundaries

04/12/2022
For many, the shift to remote work during the pandemic offered increased flexibility and work-life balance. But a new survey reveals that 47% of remote workers in the U.S. are concerned about the blurred boundaries between their jobs and personal lives.