Category: Benefits and Compensation

This topic provides guidance on how to handle compensation issues in a way that attracts and retains the best talent and advances the strategic goals of your business. You get news and tips on what’s going on nationally and in the states, and updates on changes in regulations, possible governmental action, and emerging compensation trends.

tax

IRS Extends Health Coverage Tax Credit through 2021

The Internal Revenue Service (IRS) announced on December 28 that it will extend the Health Coverage Tax Credit (HCTC) through December 31,  2021. The HCTC, which allows a tax credit to offset up to 72.5 percent of the cost of health insurance premiums, applies to workers who lost their jobs due to trade-related reasons or […]

unions

Vote Count Nears in Closely Watched Amazon Union Campaign

The spotlight is shining on thousands of workers at an Amazon fulfillment center in Alabama as they vote in a closely watched election where the stakes are high for both union and employer interests. More than 5,000 employees of the facility in Bessemer, a Birmingham suburb, are mailing in ballots in an election to decide […]

tips

Let’s ‘Ketchup’ on Latest DOL Guidance for Tipped Employees

During the Trump administration, the U.S. Department of Labor (DOL) issued guidance governing tipped employees, providing long-awaited clarification on wage and hour issues such as (1) when nontipped employees can share in a mandatory tip pool, (2) what constitutes wrongfully “keeping” an employee’s tips, and (3) when employers may take a tip credit. The regulations […]

Employers Urged to Prepare for Tougher Rules on Contractors, Joint Employment

The U.S. Department of Labor’s (DOL) announcement of plans to rescind final rules related to independent contractors and joint employers should put employers on notice that a less employer-friendly day is coming, attorneys who advise employers say. In announcing the effort on March 11, the DOL said the action is needed because the rules weaken […]

tips

DOL Delays Regs, Withdraws Guidance Issued During Trump Administration’s Final Days

During the past several presidential transitions, it has become a trend for the incoming administration to repeal or delay many regulations and guidance documents issued in the waning days of the previous administration. The switch from the Trump administration to the Biden administration shows the trend has continued and likely will do so for the […]

FSA

New Law Allows Employers to Make Temporary Changes to FSAs

On December 27, 2020, President Donald Trump signed the Economic Aid to Hard Hit Small Businesses, Nonprofits and Venues Act into law. It makes temporary changes to rules governing health and dependent care flexible spending accounts (FSAs) and allows employers that sponsor the plans to provide employees with more time to use the benefits. Here […]

401(k)

401(k) Funds Are Being Diverted for Medical Expenses

The short-term financial impact of COVID-19 has been swift and damaging to many Americans. While we can’t yet calculate the long-term impact, early indications present a serious financial strain on future retirees’ retirement. We know that COVID-19 has increased the retirement gap, and new data from Kiplinger show the extent of this impact: 60% of […]

Pros and Cons of Vaccine Incentives

Now that the COVID-19 vaccine is becoming more available, employers are thinking of ways to ensure their employees are vaccinated. This can be useful not only to keep all employees safe but also to give the public a sense of safety when frequenting the facility.

FLSA

Bonus Coverage: Discretionary vs. Nondiscretionary

Many companies annually prepare business goals and establish incentives for employees if the goals are met. One common incentive is the quarterly or annual bonus. While the reward process seems straightforward, it can come with unexpected obligations and complicated calculations under the Fair Labor Standards Act (FLSA). Let’s take a closer look at exactly which […]