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Compensation & Benefits

OT salary level regs may affect 401(k), other plans

02/18/2020
If you reclassified some exempt employees as nonexempt in the wake of the new overtime salary threshold rules that went onto effect Jan. 1, you should now check your health benefit and 401(k) plan documents.

Comply with the law when requiring employees to work overtime

02/18/2020
In general, employers have the right to require employees to work overtime, as long as they are properly paid for the additional hours. However, that right is not unlimited.

Long Island restaurants must serve up $365k in back pay

02/18/2020
The U.S. Department of Labor’s Wage and Hour Division has ordered the owners of three Long Island restaurants to pay 79 employees $365,000 in back pay and liquidated damages.

Work-life balance: The times they are a-changin’

02/14/2020
The current trends of work-life balance, and what managers can do to accommodate.

Financial well-being benefits now more common

02/11/2020
Seventy percent of companies currently offer financial well-being benefits and more than half of them intend to expand such offerings in 2020, according to a new study by the WorldatWork association and employee equity plan company Computershare.

Employers call pharmacy benefit costs unsustainable

02/11/2020
Sixty percent of large employers say their prescription drug benefits are too costly and have become unsustainable.

Labor Department issues two new wage-and-hour opinion letters

02/07/2020
In January, the Department of Labor’s Wage and Hour Division issued two opinion letters addressing wage-and-hour issues under the Fair Labor Standards Act. One involves discretionary bonuses while the second addresses whether some extra payments for exempt workers may affect their exemptions.

Reversal: Supreme Court could fast-track ACA appeal

02/06/2020
Less than a month after declining to review an appeal of a 5th Circuit Court decision that invalidated part of the Affordable Care Act, the Supreme Court has signaled it might be open to fast-tracking the case after all.

Americans value retirement plans such as 401(k)s

02/04/2020
Most Americans are confident that 401(k)s and other defined contribution retirement accounts can help people meet their retirement goals, according to a new study released by the Investment Company Institute.

AB 5—California’s new independent contractor law—comes under fire

02/03/2020
Opponents of California’s controversial new independent contractor law, AB 5, have moved to get a competing law on the ballot. They fear that if gig workers became employees, as they would under AB 5, it would raise some employer costs an estimated 30%.