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Compensation & Benefits

Tell bosses: No comments on insurance cost, age

02/12/2009

Remind all managers and supervisors to keep any thoughts on insurance costs to themselves. If older employees end up being disproportionally affected by a reduction in force, any comments on insuring older employees may come back to haunt you.

Mayors’ forecast: Ohio to see large job losses in 2009

02/12/2009

According to a forecast by the U.S. Conference of Mayors, Ohio’s major cities will experience heavy job losses this year: Cleveland, with a current workforce of 1.06 million jobs, will lose 22,200 jobs. Cincinnati (1.04 million workforce) will lose 20,500 jobs. Columbus (948,000 workforce) will lose 7,700 jobs.

Remind employees: Honesty required when applying for health insurance benefits

02/12/2009

Remind employees that they must be honest when filling out insurance sign-up forms. Otherwise, they—and your company—may be sued later to recover the medical costs associated with undisclosed pre-existing conditions. That could cost everyone far more than the premiums saved by not disclosing medical conditions.

Heading to bargaining table? Review contract language before changing benefits

02/12/2009

If your organization has a collective-bargaining agreement with a union, make sure you check with counsel before you make any changes to benefits. In some cases, promises made in past contracts—such as a promise to provide retiree health benefits—may be a binding, vested promise that cannot be undone, at least for those who have already qualified.

2 Ohio companies make Fortune ‘best’ list

02/12/2009

Two Ohio companies have made the 2009 Fortune magazine “100 Best Companies to Work For” list: Southern Ohio Medical Center, headquartered in Portsmouth, and OhioHealth, based in Columbus.

Workers’ comp premium savings on tap for some employers

02/12/2009

Some employers may end up saving about 30% on their workers’ compensation premiums under a plan outlined recently by the Ohio Bureau of Workers’ Compensation.

New Ohio minimum wage trumps upcoming fed increase

02/12/2009

By now, you have probably adjusted your payroll software and hourly wage information to reflect the new Ohio minimum wage of $7.30 per hour, which took effect Jan. 1.

Is it OK to pay hourly workers comp time instead of overtime?

02/12/2009

Q. Is it legal for my company to pay our hourly employees comp time instead of paying time-and-a-half for overtime worked?

Florida companies make Fortune ‘best to work for’ list

02/12/2009

Three companies headquartered in Florida have made the 2009 Fortune magazine “100 Best Companies to Work For” list: Publix Super Markets, headquartered in Lakeland; Baptist Health South, of Coral Gables; and JM Family Enterprises, based in Deerfield Beach.

Federal minimum wage to top Florida’s $7.21 on July 24

02/12/2009

By now, you have probably adjusted your payroll software and hourly wage information to reflect the new Florida minimum wage of $7.21 per hour, which was effective on Jan. 1 …