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Compensation & Benefits

Brace for higher health-care costs in 2024

10/23/2023
What accounts for the predicted increases? One factor may be Food and Drug Administration approval of several blockbuster drugs officially meant to treat diabetes but used off-label to help patients lose weight.

IRS releases details on how to withdraw ERC claims

10/19/2023
The IRS has kept its promise to provide relief to employers that filed Forms 941-X to claim the pandemic-era employee retention credit for which they aren’t eligible. The guidance is aimed at employers with claims pending as of Sept. 14, the day the IRS imposed a moratorium on processing Forms 941-X on which the credit is claimed, but who haven’t yet received their ERCs.

To pay or not? Rest periods versus meal periods

10/19/2023
Do you know the difference between a rest period and a meal period? It’s an important distinction because one does not count as working time, while the other does.

Court shoots down one objection to the new OT rule

10/19/2023
Robert owns 14 fast-food restaurants in Texas, all employing managers classified as exempt. That means he must pay them a salary that meets the minimum salary level set when the Department of Labor last updated the overtime rules: $684 per week.

Employees worry their pay isn’t keeping up with inflation…

10/16/2023
Over the last year, the impact of inflation and economic uncertainty has increased the financial stress employees feel. Only 42% of those polled rated their financial wellness as good or excellent, the lowest rate since 2010.

Factor overtime rule into 2024 labor budget calculations

10/13/2023
Business leaders surveyed earlier this fall by the Mercer consulting firm said they plan to slow wage growth in 2024, perhaps to offset any increases coming later if the overtime rule goes into effect.

‘Selling’ benefits: 5 ways to repackage perks & increase participation

10/11/2023
The two keys to greater use of your work/life benefits: constant communication and the right kind of communication. Here are five suggestions to achieve those goals.

Don’t want a 401(k) plan? Beware state auto-enrollment laws

10/04/2023
If you don’t offer a 401(k) plan now, SECURE 2.0’s requirements may be enough to dissuade you from ever offering one. But this doesn’t mean you’re totally off the hook.

As bills come due, consider adding student-loan assistance benefits

10/02/2023
Many of your employees are about to face significant financial stress. After a three-year pause triggered by the pandemic, 43 million Americans must resume making payments on federal student loans this month.

November 2023: Employer’s business tax calendar

09/30/2023
Here’s your monthly guide to critical payroll due dates.