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Banking Industry Plans to Increase Hiring, Salaries in 2018

HR Daily Advisor

The labor market is tightening and turnover is increasing, but banks are planning to grow employment, according to data from the Crowe Horwath LLP 2017 Bank Compensation and Benefits Survey. Since the average age of board members is approximately 62 years old, more efforts to prepare for board member retirement seem warranted.

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How to Become a Human Resources (HR) Manager: The Definitive Guide

Analytics in HR

Compensation and benefits : HR managers oversee compensation and benefits programs, ensuring competitiveness in the market, managing payroll, and administering employee benefits packages. 68,370 per year is from base pay, and $11,693 is through additional compensation such as cash bonuses and/or profit sharing.

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IRS Raises Several Annual Retirement Plan Limits for 2018

HR Daily Advisor

The Internal Revenue Service (IRS) raised several annual threshold and benefit levels for 2018 when it announced them on October 19. Employers and retirement plan administrators can apply the new rates as they prepare their plans for next year and conduct nondiscrimination testing. Most of the limits were not changed for 2017.

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Health savings accounts: Not your parents’ retirement plan

HR Morning

With the rise in health savings account (HSA) enrollment among younger employees and the decline in company matching rates of 401(k)s, HSAs have emerged as a retirement account option for new employees. Retirement is the farthest thing from your mind because, let’s face it, that’s a lifetime away. You’re young.

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IRS Raises Several Annual Retirement Plan Limits for 2019

HR Daily Advisor

For 2019, the Internal Revenue Service (IRS) is raising most of the annual threshold and benefit levels that apply to retirement plans, the IRS announced on November 1. Employers and retirement plan administrators can apply the new rates as they prepare their plans for next year and conduct nondiscrimination testing. Retirement P lans.

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Obituary for Equity Compensation

Compensation Cafe

Stock Options, Restricted Stock Units, young Performance Units and their cousin Non-Qualified Deferred compensation tragically died in 2017 as an unintended consequence of colliding with the 429 page U.S. Non-Qualified Deferred Compensation (“NQDC” to its friends), a beloved cousin, lived a quiet life at edges of the family.

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Astron’s Yearly Compensation Review Part III: Non-Profit Executive Compensation Planning for 2019

Astron Solutions

This Astronology® , the third in our three-part series, examines non-profit executive compensation. In considering non-profit executive compensation, employers and Board have two primary legal concerns. The Tax Cuts and Jobs Act of 2018. Any portion of compensation paid to a licensed medical professional (e.g.,