News

The Society for Human Resource Management, a vigorous opponent of changes to overtime regulations proposed by the Obama administration, told the Department of Labor in comments last week that the changes will not only burden management but be a detriment to the workers they intend to help. The change floated by the DOL would raise the […]

Late last week, the National Labor Relations Board published a decision that will make many business leaders’ heads spin. By pronouncing a new legal standard to be used to determine if a business is a “joint employer” of another’s employees, the board has created an unprecedented amount of uncertainty for all types of businesses. Under […]

Workplace-sponsored retirement plans are an essential benefit for the majority of workers. Ninety percent of respondents to a Schwab Retirement Plan Services survey said they would think twice about taking a job if it didn’t have a 401(k) plan. “When it comes to retirement, there’s been a significant shift of responsibility from employer to employee […]

The number of employers who could be subject to the Affordable Care Act’s excise tax on high-cost health plans could be as high as one in four employers (26%) by 2018 when the tax goes into effect, unless changes are made to their existing health plans, according to new projections from the Kaiser Family Foundation. […]

It seems that working hard can, in fact, kill you. A new study shows a strong correlation between long working hours and two major health problems: Cardiovascular disease and strokes. The study, conducted by Mika Kivimaki, a professor of epidemiology at University College London, tracked 600,000 adults in the United States, Europe and Australia over a period […]

There’s more data available that suggests that, unless the so-called Cadillac tax is repealed, flexible spending accounts may be targeted for extinction. A survey of hospital management personnel found many will do away with the flexible spending account plan option if the Patient Protection and Affordable Care Act tax on “rich” plans is not repealed or substantially […]

If you’re budgeting 3 percent raises for the majority of your workforce, you’re in good company, because 3 percent is the new pay raise standard. That’s what an annual compensation survey by Towers Watson reported. Those who make the annual salary decisions are planning to hand out 3 percent raises to most employees next year — […]

The 6055 and 6056 tax filing has many employers and their advisers up in arms for the upcoming tax filing. The increased penalty amounts announced in July are alarming. A single 1095-C form violation could result in a penalty of $500 per form, with no cap if the employer shows intentional disregard — basically skipping […]

Health insurers around the nation are responding rapidly to the potentially cost-increasing elements of the Patient Protection and Affordable Care Act. One response: narrow networks, in which plan members have fewer choices of physicians if they want the benefits of remaining in their network. Now, the University of Pennsylvania has taken a close look at the […]

Proposed rate increases for 2016 health insurance coverage that a dozen carriers will sell on Covered California’s state-run exchange will be just 4% compared to the 4.2% rise approved for 2015. The recently announced statewide weighted average was hailed as a dramatic departure from annual double-digit rate increases in the state’s individual health insurance market […]