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Compensation & Benefits

New overtime rules due in October, likely raising salary threshold to $50K

06/28/2022
According to the Biden administration’s regulatory agenda, released June 21, the DOL’s Wage and Hour Division plans to float a notice of proposed rulemaking concerning executive, administrative and professional exemptions from the Fair Labor Standards Act’s minimum wage and overtime requirements.

70% of retirees have regrets about retirement savings

06/28/2022
Seven out of 10 retirees wish they had saved more for retirement during their working years and would advise their younger selves to sock away more and seek expert financial advice, according to a new survey by the Employee Benefit Research Institute.

After Dobbs: OK, now what?

06/28/2022
In the wake of the Supreme Court’s Dobbs decision, employers considering covering employee travel to receive medical care have decisions to make about benefits.

More employers covering abortion travel costs

06/27/2022
In the wake of the U.S. Supreme Court’s June 24 landmark opinion in Dobbs v. Jackson Women’s Health—which overturned the 1973 Roe v. Wade decision that made abortion a constitutional right nationwide—dozens of large employers nationwide have announced plans to cover employees’ expenses if they need to travel to receive health care.

Tell bosses: Don’t pester teleworkers after hours

06/24/2022
If you have hourly employees working from home, make sure their supervisors understand their role in preventing surprise wage-and-hour claims.

State, local minimum wages set to increase on July 1

06/24/2022
Be prepared for these changes.

Snapshot: Telemedicine takes off

06/21/2022
Almost all employer-sponsored health plans now cover telemedicine, a dramatic increase since before the pandemic.

Consider adding unlimited PTO to benefits package

06/21/2022
About 20% of U.S. employers offer unlimited paid time off to at least some employees, according to the Mercer consulting firm’s Survey on Absence and Disability Management. With the battle to attract and retain talent raging, now might be a good time to explore adding unlimited PTO to your benefits portfolio.

Heed this $42 million wage-and-hour lesson

06/16/2022
If you are a mid-sized to large employer, making even basic wage-and-hour mistakes can be massively expensive. To make matters worse, the Fair Labor Standards Act authorizes courts to double what’s due to punish employers for mistakes. So do most state wage-and-hour laws.

Inflation effect: Employees expect raises of at least 5%

06/14/2022
Money is more valuable than time these days. When the CareerBuilder job-search board surveyed working adults last month, 66% said they would rather receive a 10% pay raise than an additional week of paid time off.