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Compensation & Benefits

Florida man: DOL sets sights on Sunshine State employers

02/21/2023
Feb. 16 was a bad day for Florida employers that recently ran afoul of the Department of Labor. On just that one day, the DOL announced fines and recoveries worth almost $400,000.

SHRM calls for national paid leave system

02/21/2023
The Society for Human Resource Management has released what it calls a framework for a national paid leave system that “has the potential to increase access to compensated leave for workers and achieve continuity with benefits offered by employers in different states and jurisdictions.”

4 steps to motivate employees to start saving for retirement

02/15/2023
Benefits professionals struggle constantly to convince employees they need to start saving for retirement. Snap them back to reality by helping them figure out exactly how much they need to sock away to pay for their needs once they stop working. Walk employees through this savings calculation the next time you talk up your 401(k) or 403(b) plan.

One-third lack any retirement savings whatsoever

02/13/2023
New research confirms long-held concerns about the nation’s retirement readiness: Fully 32% of working-age Americans—about 58 million—have no retirement savings at all.

Never mind a recession: CFOs say they’re budgeting for higher payrolls

02/07/2023
Almost all chief financial officers surveyed by the Gartner business advisory firm say their organizations plan to spend more on employee compensation this year. A full 86% said they plan to raise their compensation spending by at least 3% year-over-year.

Administration floats alternative to opting out of ACA birth control mandate

02/07/2023
The Biden administration wants to roll back a Trump-era rule that allows some employers to opt out of an Affordable Care Act requirement that says employer-provided health insurance must cover contraceptives at no charge to employees.

With COVID emergencies set to expire, prepare for health insurance effects

02/03/2023
The Biden administration has announced that, after more than three years, both the COVID-19 national emergency and the COVID public health emergency will finally expire on May 11. That has implications for terminated employees’ access to COBRA continuation health insurance coverage. It also affects how private insurance plans, such as those sponsored by employers, may cover COVID-related expenses.

DOL never forgets: Slaps millions in penalties on repeat wage offender

02/03/2023
A commercial painting contractor in Las Vegas must have thought federal investigators would forget about his history of stiffing employees. He was wrong.

First Friday in February: The end of the pandemic emergencies, DOL keeps getting into trouble and more

02/03/2023
The end of the national pandemic emergency, challenges to DOL regulations and more.

Survey: More employers taking action on pay equity

01/31/2023
WorldatWork’s latest Pay Equity Study found that 70% of organizations were taking action on pay equity in 2022, a 10% increase since 2019 and a 4% increase over 2021.