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Developing Strategy Around Competitive Compensation

Developing Strategy Around Competitive Compensation

Oct 29, 2019 | Employee Benefits, Human Resources

It’s no secret that top talent expects to be paid top dollar. Even with a developed recruiting program, fantastic work environment and great work-life balance, it will be difficult for your company to attract and retain the best employees without a competitive pay...
Compliance ✔- FLSA Exemption Rule Effective Jan. 1

Compliance ✔- FLSA Exemption Rule Effective Jan. 1

Sep 24, 2019 | Compliance Check, Employee Benefits

The DOL issued a final rule for overtime exemptions under The Federal Labor Standards Act (FLSA). Effective January 1, 2020, the rule increases the standard salary level to $107,432 annually for highly compensated employees and $684 weekly ($35,568 annually) for...
Compliance ✔- FLSA Exemption Rule Effective Jan. 1

Compliance ✔- 2019 EEO-1 Component 2 Pay Data

Sep 17, 2019 | Compliance Check, Employee Benefits

The EEOC issued a notice to the Office of Management and Budget to request re-authorization of the Component 1 reporting and to announce they do not intend to request renewal for Component 2 pay data reporting. At this time and based on this notice, employers should...
Compliance ✔- FLSA Exemption Rule Effective Jan. 1

Compliance ✔- HSA-Eligible Health Plan Can Cover More Preventive Care

Jul 26, 2019 | Compliance Check, Employee Benefits

Effective July 17, 2019, the IRS expanded the definition of preventive care under the HSA-eligible High Deductible Health Plan (HDHP) rules. Preventive care now includes 14 medical services or items for 11 specific chronic conditions, such as insulin for diabetics....
Compliance ✔- FLSA Exemption Rule Effective Jan. 1

Compliance ✔- IRS Decreases ACA Affordability Percentage for 2020

Jul 25, 2019 | Compliance Check, Employee Benefits

The IRS announced the new annually indexed percentage for affordability under the Affordable Care Act’s employer mandate provision. Per Notice 2019-29, applicable large employers (ALEs) can charge no more than 9.78% of income for plan years beginning on/after...
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