Zenefits

JANUARY 11, 2019

There are several differences between highly compensated employees (HCEs) and non-highly compensated employees (NHCEs). It’s important for HR professionals to understand the definition of a highly compensated employee for tax reasons, benefits, and legal purposes. How much can highly compensated employees contribute to a 401(k)?

Compensation 31

Compensation Zenefits Retirement Compliance 31

Genesis HR Solutions

NOVEMBER 18, 2020

A traditional 401(k) plan limits business owners, company officers, and high wage earners, often referred to as highly compensated employees (HCEs) in how much money they can contribute to the plan. Of those 11 people, only one is considered highly compensated. Everything above that is returned to them as compensation—and it is taxed.

ADP 105

ADP HR Planning Wage and Hour Training Planning Tools 105

Guideline

SEPTEMBER 1, 2020

We'll go deep into the nitty gritty of what makes 401(k) plans tick, but you can also brush up on the why and how of 401(k)s in the first two articles: Part 1: Why tax pros should be up to speed on retirement plans. They allow owners and other well-compensated employees to save more than the annual $19,500 limit.

Wage and Hour Training 98

Wage and Hour Training Retirement Compensation Compliance 98

6Q

OCTOBER 3, 2022

You have to back it up with attractive perks and compensation initiatives such as: Equal pay initiative: It’s natural for people to feel discriminated against when someone they have equal responsibilities gets a bigger reward. Also, acknowledge that people from minority groups are often discriminated against.

Hiring Software 115

Hiring Software Planning Tools Assessment Software HR Software 115

i4cp

JULY 29, 2020

As a compensation professional with decades of experience in the world of business, I have watched with interest as organizations responded on-the-fly to the crisis conditions imposed by a global health emergency and downstream ripple effects on the economy. Racial discrimination. References Bureau of Labor Statistics (2019). “A

Planning Tools 92

Planning Tools Benchmarking Guidelines Retirement 92

Empuls

SEPTEMBER 25, 2023

These changes emphasize the necessity of keeping meticulous records and ensuring that non-exempt employees are compensated for their extra hours of work. For example, in 2019, Walmart agreed to pay $14 million to settle a class-action lawsuit alleging that the company failed to pay appropriate overtime wages to its employees.

HR Planning 40

HR Planning HR Software Wage and Hour Training Hiring Software 40

Guideline

OCTOBER 10, 2019

A “new comparability” plan is a flexible type of profit sharing retirement plan that can either stand alone, or be part of a 401(k) plan. In cross-testing, profit sharing allocations are recalculated into projected benefits at each participant’s normal retirement age under the plan.

Retirement 40

Retirement Compensation Guidelines ADP 40

Guideline

DECEMBER 4, 2019

Doing so comes with a slew of benefits, especially when it comes to managing compliance and discrimination testing. For tax purposes, there’s earned income, and then there’s retirement income. February 14, 2020 is the deadline to provide Q4 statements for 2019. January 1, 2020. January 31, 2020. February 28, 2020 (hardcopy).

ADP 52

ADP Guidelines Retirement Compensation 52

Paycor

OCTOBER 17, 2019

They also raised the total annual compensation requirement for highly compensated employees from $100,000/ year to $107,432/ year. If an employee claimed exempt in 2019 they need to complete a new W-4. Are we compensating employees correctly based on market rates? Metric: Actual Total Compensation vs. Budget.

Compliance 40

Compliance Wage and Hour Training HR Software Hiring Software 40

Homebase

MAY 8, 2023

The gender pay gap affects women at every stage of their lives and even plays a role in retirement insecurity. With social media being a leading contributing factor, consumers are pressuring companies to find real solutions for sexual harassment, workplace discrimination, and to pay workers fairly. from 2019 to 2020.

Wage and Hour Training 52

Wage and Hour Training Hiring Software Hiring Onboarding Software 52

Guideline

JANUARY 20, 2021

Doing so comes with a slew of benefits, especially when it comes to managing compliance and discrimination testing. For tax purposes, there’s earned income, and then there’s retirement income. As covered above, this is the form that details an individual’s withdrawals from a retirement or profit-sharing plan. January 1, 2021.

ADP 52

ADP Retirement Compliance Compensation 52

Zenefits

JANUARY 8, 2020

For most workers, their 401(k) retirement plan and Social Security (FICA) contributions are the financial safety net they will rely on when they reach retirement age. In short, a 401(k) is a company-sponsored, defined contribution plan that allows employers to set aside pre-tax dollars for retirement.

Retirement 41

Retirement Payroll Compliance Compensation 41

Zenefits

MARCH 8, 2021

Below is a non-exhaustive list of common benefits laws and regulations; most of their requirements can be drastically simplified via HR automation : Employee Retirement Income Security Act (ERISA). State workers’ compensation laws. In a 2019 survey by Capterra, 80% of U.S. Affordable Care Act (ACA). HR automation is in demand.

HR Software 36

HR Software Compliance HR Planning Planning Tools 36

HR Daily Advisor

JUNE 5, 2018

Today we will continue to explore the topic, including the definition of compensation and hardship distributions. Compensation Definition. Compensation definitions specify remuneration elements that are either included or excluded when making contribution calculations. Department of Labor’s (DOL) audit programs.

Planning Tools 40

Planning Tools Assessment Software Compensation Payroll 40

Astron Solutions

JULY 14, 2023

Pay transparency is the practice of openly sharing information about how you compensate employees with both current staff and job seekers. Some organizations may opt to share exact salaries or salary ranges in job postings, share compensation information during the interview process, or disclose details only upon request.

Compensation 52

Compensation Wage and Hour Training Hiring Software Bonuses and Incentives 52

HR Shelf

DECEMBER 4, 2022

There are various types of discrimination in the workplace which can occur as a one-time incident or an ongoing process significantly affecting your employees. Nonetheless, despite significant progress, discrimination in the workplace still exists. Discrimination in the workplace could cost employers thousands in legal costs.

Discrimination 98

Discrimination Harassment Sexual Harassment Background screening 98

Primalogik

NOVEMBER 10, 2022

Simply put, they include all forms of compensation apart from salary itself. Health insurance, paid time off, and retirement benefits are the most central features. The company also provides good health coverage, PTO, retirement plans, and meals at the office. By doing so, you can reduce attrition while improving morale.

Employer Branding 98

Employer Branding Assessment Software Planning Tools Hiring Software 98

Guideline

DECEMBER 2, 2021

A Simplified Employee Pension (SEP) IRA is a type of individual retirement account where contributions are made by the employer only. SEPs are tax-deferred retirement plans that may be established by businesses of any size. What is a SEP IRA? Who can establish a SEP IRA?

Retirement 52

Retirement Compensation Guidelines Compliance Training 52

PlanSource

NOVEMBER 4, 2019

In this week's edition, we discuss the latest on the gig economy, age discrimination in the workplace, creative ways to keep remote employees engaged, and more! Millennials and GenZers are spending so much on health care that they’re unable to pay down their debt, save for retirement or buy a house, according to a new study from Lively.

Hiring Software 40

Hiring Software Onboarding Software Harassment Recruiting Software 40

Thrive Global

OCTOBER 7, 2020

My husband and I have been having the conversation about racism, sexism, and discrimination since we met. One of the things that we have had in common is discrimination –he as a black man experiencing racism and for me, I have experienced sexism at times as a woman leader in a traditional male industry. Can you share a story with us?

Compliance Training 36

Compliance Training Background screening Hiring Software Interview Software 36

Guideline

APRIL 12, 2022

Today, I’m thrilled to announce two milestones that move us forward on our mission to help everyone arrive at a safe, secure retirement, whether they're a small business owner, an employee, or self-employed. We’re proud to see such accelerated growth that indicates more people are saving for retirement.

Guidelines 52

Guidelines Retirement Gusto Compensation 52

InfinityHR

JANUARY 25, 2019

HSA contribution limits for 2019. Here are your no-hassle, HSA contribution limits for 2019 : Individuals – $3,500 *. Employers are allowed to contribute to employee HSAs—individual and family— if they so choose, however, it cannot exceed the IRS’ HSA contribution limits for 2019 of $3,500 and $7,000.

HR Software 45

HR Software Planning Tools Onboarding Software Recruiting Software 45

HR Digest

MARCH 11, 2020

We may consider ageism at work as minor, a report from the EEOC revealed that age discrimination has a one-fifth share of all discrimination cases received by the commission in 2016. A 2019 “State of Workforce” study reveals that more than 30 percent of people have experienced some form of ageism before reaching 45.

Hiring Software 52

Hiring Software Resources Interview Software Recruiting Software 52

Ongig

JANUARY 15, 2021

In 2019, Colorado’s Equal Pay for Equal Work Act (EPEWA) passed the Senate in a 20-14 vote. ” Here are a few highlights and requirements from Colorado’s Equal Pay Equal Work Act: the act offers protection for employees against sex-based pay discrimination for work that requires similar tasks or responsibilities.

Wage and Hour Training 66

Wage and Hour Training Bonuses and Incentives Examples Hiring Software 66

WEX Inc.

JULY 24, 2023

Many Americans invest and prepare for retirement the same way they did decades ago, but what worked 40 years ago might not be the best approach today. Fortunately, there’s an often overlooked way to help employees build wealth and prepare for retirement. Why HSAs for retirement planning? The missing retirement solution?

Retirement 98

Retirement Planning Tools Survey Payroll 98

Kazoo

APRIL 20, 2021

You will notice that the order does not discriminate based on physical or mental health. If the compensation packages are not good enough for some, perhaps what is required is Employee Assistance Programs (EAP). Also, simple things like providing wisdom on budgeting and retirement are invaluable help as well. link] -2019/ .

Data 130

Data Wellness Assessment Software HIPAA 130

Kazoo

APRIL 20, 2021

You will notice that the order does not discriminate based on physical or mental health. If the compensation packages are not good enough for some, perhaps what is required is Employee Assistance Programs (EAP). Also, simple things like providing wisdom on budgeting and retirement are invaluable help as well. link] -2019/ .

Data 130

Data Wellness Assessment Software HIPAA 130

Vantage Circle

MAY 31, 2019

Retirement. Retirement. One more untouched facet of involuntary attrition is retirement. Employee retirement is usually a big blow to the company if they are not prepared for it. Think about it, the person retiring is generally a very experienced employee. Do Not Skim Out On The Compensation. Demographic.

Hiring Software 63

Hiring Software Retention and Turnover Interview Software Planning Tools 63

Insperity

JULY 29, 2019

Compensation should be a discussion between the hiring manager and your management team. Other insurance to consider include: Workers’ compensation insurance Professional Insurance Directors and officers Insurance Employment practices liability insurance. Hiring and firing then often falls to the hiring manager. 20 to 49 employees.

HR Planning 64

HR Planning Company Employment Law Wage and Hour Training 64

Linkedin Talent Blog

DECEMBER 23, 2019

Unquestionably, 2019 has been a huge year for HR. Here’s our recap of some of the most notable HR moments of 2019: Workplace harassment remains a touchy subject. Women’s National Soccer Team, which had beaten the Netherlands three days earlier to claim the 2019 World Cup. You’re right — HR always has a huge year.) Passionately.

Video Recruiting 49

Video Recruiting HR Software Hiring Software Recruiting Software 49

Recruiters Lineup

FEBRUARY 26, 2024

Any work performed beyond these hours is considered overtime and must be compensated accordingly. Depending on the circumstances, employers may need to provide notice or compensation to terminated employees. 1156/2019 and subsequent regulations provide guidelines on working hours, overtime rates, and other relevant provisions.

Hiring Software 83

Hiring Software Wage and Hour Training Aptitude Tests Hiring 83