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.

Reform to Reduce Health as a Recruitment, Retention Tool

Workers’ enhanced ability under reform to get insurance apart from their employer reduces the importance of health insurance as a means to recruit, compensate and retain workers, a June 2011 study concludes. Researchers at McKinsey Quarterly also predicted that as many as 30 percent of employers could stop providing benefits to workers after health reform […]

Health Reform Adds a Twist to College Graduation Celebrations

Once, parents were not the only ones celebrating a child’s college graduation — employers were too. While parents were looking forward to kids finally getting out on their own, employers were anticipating getting them off of their group health plan. But health care reform means that employers have to wait a little longer to break […]

Pay for Performance Survey Results Released

The HR Daily Advisor® announced today the results of the latest compensation survey conducted in April 2011. The survey, which garnered 560 responses, took a look at what’s “happening in the trenches” with Pay for Performance: how companies are implementing their performance compensation programs, what types of compensation structures are in use, and more. According […]

New HIPAA Rules Proposed for Disclosure Accounting

A dreaded accounting-of-disclosure rule for electronic protected health information (ePHI) will require action by many employers, in their roles of health plan sponsors. (Employers are not technically “covered entities” under HIPAA privacy but, in effect, must comply if they’re involved in plan administration.) The rule came out in proposed form on May 31. It would […]

DOL to Free Up Fee Disclosure Timetable

It seems the voice of the retirement plan community has been heard — the U.S. Department of Labor (DOL) is proposing extending the applicability dates of two controversial fee disclosure regulations. “Extending these dates will more closely align the application of the two rules and ensure that parties have sufficient time to comply with the […]

Are You Paying for Ineligible Dependents?

According to Michael Smith, CEO of ConSova, the three areas of your health plan with the greatest potential for cost containment are: well-chosen provider networks; employee cost-sharing strategies like premiums, copays, coinsurance, and deductibles; and coverage for ineligibles. BLR spoke with him recently to address this last area. ConSova ( helps clients with dependent audits […]

What Will the 401(k) Plan of the Future Look Like?

Financial security in retirement is one of our nation’s cornerstone principles when it comes to the way we have come to envision quality of life from cradle to grave. With this in mind, Social Security has long been considered the safety net for most Americans in retirement. In recent years, however, the perception of Social […]

Independent School Maintains Employee Benefits Despite Recession

Like so many other employers, The Bolles School grappled with how to cut expenses when the recession hit. The organization looked for ways to operate more efficiently and, in fact, cut many expenses. But it made a conscious decision not to reduce or cut certain coveted employee benefits, including 100% employer-paid medical insurance premiums, 100% […]

Targeted Communications Lower Costs, Improve Member Health

As rising healthcare costs eat away at an organization’s bottom line, benefits managers look to: (1) reduce the cost of employee benefits, and (2) drive healthy outcomes by influencing member behavior. Communications can play a vital role in reaching these goals. Communicating benefits is not merely sharing facts and figures, though. Instead, you should approach […]

Fridays-Off Policy Is Favorite Summertime Perk for Employees

One of Friedman, LLP’s best recruiting tools is a policy giving employees Fridays off during the summertime, according to Michael Gaines, Human Resources partner for the New York-based accounting, tax, and consulting services firm. From Memorial Day through Labor Day, all 325 staff members in Friedman’s ( four offices in New York City, New Jersey, […]