Even the most robust wellness programs are not likely to change employee behavior unless employees are engaged in the process. That’s why savvy companies make engagement a top priority when it comes to educating their employees about wellness.
From 401(k) plans to vacation policy, this topic gives HR and Compensation professionals specific strategies on how to handle benefit plans. Articles also provide guidance to brokers, advisers and consultants.
Seventy percent of U.S. office workers and managers report working more than 40 hours a week, and the majority consider the office the most productive place to get work done. But employers need to take action to ensure it remains an inspiring, motivating environment. This, according to the second annual Workplace Index conducted by Staples Business Advantage, the business-to-business division of Staples, Inc.
By Gwen Cofield
Now that the U.S. Department of Health and Human Services (HHS) has begun prescreening questionnaires for Phase 2 privacy and security audits, Health Insurance Portability and Accountability Act (HIPAA)-covered entities should make sure they’re prepared on the compliance areas HHS’ Office for Civil Rights (OCR) has indicated it plans to emphasize.
By Jane Meacham
The IRS on June 15 released guidance on paying employees from a defined benefit (DB) plan once the participant has entered phased retirement and whether the distributions should be taxed.
Debunking the myth that entry-level jobs can’t be flexible or that only experienced professionals can attain work flexibility, FlexJobs has identified a sample of 10 remote entry-level jobs for new college graduates to consider. The National Association of Colleges and Employers (NACE) indicates a positive job market for the projected 1,870,000 new bachelor’s degree level graduates in the class of 2016, joining their fellow Millennials in what is now the largest generation in the U.S. workforce after having surpassed Generation X.
By Jennifer Carsen, JD, Senior Legal Editor
Total healthcare spending growth is expected to average 5.8% annually over 2015-2025, according to a report published on July 13 by Health Affairs and written by the Centers for Medicare & Medicaid Services’ (CMS) Office of the Actuary (OACT). Projected national health spending growth remains lower than the average over the previous 2 decades before 2008 (nearly 8%).
Student loan debt weighs heavily on the collective American mind—with good reason. According to MarketWatch, the total outstanding student loan debt as of January 2016 was $1.2 trillion, exceeded only by mortgage debt. It also reports that about 70% of recipients of bachelor’s degrees graduate with debt.
After decades of job hopping—by necessity or design—some people have accumulated several retirement accounts, making it a confusing chore to keep track of what’s happening with their money.
By Jane Meacham
Retirement plan service providers likely will face the most need to change business models among those affected by the U.S. Department of Labor’s (DOL) final fiduciary rule issued in early April. Although adoption of the regulation is more than a year away, many respondents to an industry survey quickly registered confusion, and a sizable number said they plan to adjust their fiduciary status.