Millennials employees are no longer a novel concept. As Scott T. Rollin notes in the Minneapolis Star Tribune, they’ve begun to move into middle management and other key employee roles. Coupled with employers’ worries about hiring and retaining qualified workers, the result is a mounting concern about how to compensate key Millennials.
Tag: key employee
The Internal Revenue Service (IRS) raised several annual threshold and benefit levels for 2018 when it announced them on October 19. Employers and retirement plan administrators can apply the new rates as they prepare their plans for next year and conduct nondiscrimination testing. Notice 2017-64 outlined the latest changes to cost-of-living adjustments for employee benefit […]
We have an employee who is nearing the end of her 12 weeks of FMLA. The employee is by definition a key employee. At the time she went on leave, the workplace wasn’t experiencing any changes or growth or the need to replace the position. Therefore, we did not communicate to her that there was […]