The Society for Human Resource Management (SHRM) recently released the findings from its latest survey on employee benefits. SHRM surveyed 3,490 randomly selected HR professionals and examined over 300 benefits. Their findings show the rise and fall of various employee benefits over the past 20 year…Read More
The U.S. Department of Labor (DoL) has updated its final rules regarding minimum wage and overtime pay protections for the Fair Labor Standard Act (FLSA) “white collar” workers. White collar workers include executive, administrative and professional employees (EAP). The updated rules will go int…Read More
Employee wellness programs skyrocketed in 2015, and the trend does not seem to be slowing down. In fact, 2016 seems to be the year that employee wellness programs occupy much of the spotlight when it comes to voluntary employee benefits. What exactly are employee wellness programs? According to the …Read More
Employers, we have some good news for you. Recent legislation is allowing employers to retroactively apply for the Work Opportunity Tax Credit (WOTC) for employees from targeted groups who were hired on or after January 1, 2015. Employers will be able to apply for the WOTC for employees from these g…Read More
Toward the end of 2015, the IRS reminded eligible employees and employers to start planning for their Flexible Spending Arrangements (FSAs) for 2016. Now that 2016 has arrived, we want to remind employers and employees about how FSAs work. An FSA is an employee benefit offered by some employers that…Read More
In October 2015, the U.S. Equal Employment Opportunity Commission (EEOC) proposed to amend Title II of the Genetic Information Nondiscrimination Act, GINA. GINA is a federal law that protects individuals from genetic discrimination in both the health insurance and employment arenas, and applies to e…Read More
The Affordable Care Act (ACA), better known as Obamacare, is a US law that changed the healthcare and health insurance industry in America. Obamacare was signed into law in March 2010, and required everyone to have at least minimum essential health coverage by 2014. If you don’t have insurance, yo…Read More
One of the important aspects of working in HR is not only knowing the current laws, but knowing the upcoming changes to the current laws. Case in point is the upcoming excise tax on high cost employer-sponsored health coverage, commonly referred to as the Cadillac Tax, which will go into effect in 2…Read More
John O’Day, owner of Corporate Financial, recently attended the MDRT Top of the Table Annual Meeting. The MDRT is the premier association of financial professionals, and the Top of the Table meeting is known as an industry honor that requires companies to qualify in order to send a representativ…Read More
