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.

Severance Payout: Lessons from Texas A&M’s $75 million mistake

Even if you’re not a sports fan, you’ve likely heard of this severance payout received by former A&M football coach, Jimbo Fisher. While you will never deal with this type of buy-out, the saga teaches us a great deal about hiring decisions, employment contracts, and, well, human nature. Jimbo’s the One! The following facts are […]

How to Provide Flexible Forms of Employee Support Like Fertility Benefits

As companies rethink the benefits they offer amid shifting employee demands and expectations since the COVID-19 pandemic, HR teams have to focus on providing more robust and flexible support for their workforces. This means surveying employees to identify their individual needs, exploring non-traditional benefits that provide a competitive edge in hiring and retention, and understanding […]

Navigating ACA Requirements for Small to Medium Businesses

Nationwide, the Affordable Care Act (ACA) has helped businesses bring healthcare to their employees. The ACA Marketplace is an important source of coverage for 2.6 million small and medium business owners, making it crucial for them to understand the correct processes. However, for small to medium business (SMB) owners, navigating the complexities and nuances of […]

Health Plans Must Now Include Gag Clause Prohibition Compliance Attestation

No More Gags The Consolidated Appropriations Act (CAA) of 2021 prohibited “gag clauses” in contracts between insurance plans, insurance issuers, and providers. The law provides that a group health plan can’t enter into an agreement with a healthcare provider, network or association of providers, third-party administrator, or other service provider offering access to a network […]

How Businesses Can Help Solve the Childcare Crisis While Boosting Their Profitability

Businesses across the country are becoming acutely aware of the childcare challenges to their business, especially as potential impacts of the “childcare cliff” seem looming. Luckily there are a host of research-backed childcare supports, some even no to low-cost, that businesses of all sizes are implementing. These benefits have also emerged as an opportunity for […]

Best of Benefits & Compensation 2023

Benefits and compensation are an integral component of the HR space. They can directly influence retention and employee engagement, as they span the health, financial, and work/life balance spaces. According to SHRM, the top 5 benefits categories that mattered most to employees were health-related, retirement, leave, flexible working, and family-friendly benefits. So, what should HR […]

Essential Benefits: How FSAs and HSAs Can Fill the Gaps in Health Coverage for Employees

Employers and HR teams want the best for employees, which is why they invest money and time into designing benefit plans that will meet the needs of workers and their dependents. However, with five different generational groups currently in the workforce – all with very unique needs – it’s becoming increasingly difficult for employers to […]

Co-Sourcing Strategic Compensation Management in Health Care: Immediate Solution, Long-Term Benefits

Much has been said about health care workforce shortages when it comes to physicians, nurses, and other providers. But equally important are the shortages the non-clinical and shared services staff face. Compensation leaders support the optimization of labor resources so clinicians, the organization, and its leaders can run at peak performance. In partnership with HR […]

Double Trouble: What to Do When an Employee Cashes Their Paycheck Twice

Imagine the following scenario: An employer issues a physical check to an employee (or another individual). The employee mobile deposits the check into their bank (Bank A). Then, the employee quickly takes the check to a fast-cash check cashing store and deposits the check again. This is known as double presentment. Intuitively, one might think […]

NLRB Delays Effective Date of Joint-Employer Standard

Recently, the National Labor Relations Board (NLRB) issued its final rule on the joint-employer standard under the National Labor Relations Act (NLRA). This new rule, originally set to go into effect December 26, 2023, is essentially a rollback of the NLRB’s 2020 joint-employer rule issued during the Trump administration. On November 16, 2023, however, the […]