25 HR Compliance Terms to Know for 2018

ClearCompany HRM

In addition to the holiday parties and secret santa gift exchanges, the end of the year also brings organizational compliance processes as your HR department gets ready to wrap things up. Take a look at the 25 HR compliance terms you need to know as a manager: Affirmative Action Plan (AAP): A written set of specific, results-oriented procedures to be followed. Cafeteria Plan: A plan in which an employer offers their employees a variety of different benefits.

Understanding Payroll Deductions and Employee Benefits Taxes

Get Hppy

Employers have the responsibility to accurately calculate payroll deductions and pay employee benefits taxes. To ensure your business runs smoothly keeping your employees happy is one of the most important things to keep on top of. Also read: Managing HR Compliance in the Age of Technology. This will ultimately result in what your employees get paid as a NET wage so you need this to be right both for your employees and for the government.

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What Is an Employee Benefits Broker?

HR Daily Advisor

Employee benefits brokers are exactly that: people who have access to (and information about) various employee benefit options who can help you narrow down your offerings by providing their input and expertise on the matter. It’s important to note, however, that not all employee benefits brokers are the same. Others may not be tied to only one provider but may only specialize in one type of benefit. What Can an Employee Benefits Broker Do?

ERISA Compliance

GoCGO

How well do you understand your ERISA Compliance requirements? Employee Retirement Income Security Act. (. is a set of federal laws designed to protect employees of private employers who provide pension, retirement, or profit-sharing. Employee BenefitsThis blog post: Summarizes ERISA essentials. Answers common questions. Addresses misconceptions among employers. What is ERISA? Let's start with the basics. ERISA. )

How to Reduce the Cost of Employee Benefits While Increasing Offerings

Synergy

Maintaining a full staff of skilled employees doesn’t come easy, and benefit offerings play a huge role in racking up costs. In fact, health insurance costs an average of 9% of an employee’s yearly salary, and when all benefits outside of compensation are taken into account, they total over 30% of salary. These can be debilitating numbers, but it is possible to reduce the cost of employee benefits while actually increasing benefit offerings.

Combating the Substance Abuse Epidemic Through Employee Benefit Programs

HR Daily Advisor

In addition to the damage addiction causes individuals and their families, the estimated economic costs of employee substance abuse—a staggering $442 billion in annual losses due to decreased worker attendance, lower productivity, and poor health—have grown into a financial leviathan for employers. An employee assistance program (EAP) is a non-major-medical plan that provides a wide variety of services, including (in most cases) assistance with alcohol and substance abuse.

Tips on Improving Employee Benefits Management

Paycor

A decade ago, standard employee benefits like medical, dental and vision insurance were somewhat of an afterthought; something employees expected as part of their job. Fast forward to 2018. With five vastly different generations comprising today’s workforce, and with finding top talent harder than ever, offering status que benefit packages simply won’t cut it. Educating Employees on Benefit Plans. Get Your Employees Talking.

Compliance checklist for HR professionals for year-end and beyond

PeopleStrategy

“Getting ahead of the compliance eight-ball before the end of the year can save time and stress.” If you’re an HR professional, however, you’re focus is probably elsewhere: everywhere you turn, there’s another compliance requirement you need to meet. There’s a lot of ground to cover with compliance, even if you were just to address regulations outside of health care. I-9s and employee authorization. Payroll compliance checks.

What These 5 Shocking Employee Benefits Statistics Mean for Your Broker Business

InfinityHR

It’s becoming more apparent that the opportunity share for benefits brokers is rising year-over-year. Brokers can use these shocking employee benefits statistics to put into perspective that the market for voluntary benefits is two things right now: The demand is beginning to snowball due to both employees’ and employers’ developing requirements to combat an unstable healthcare market. 5 Shocking Employee Benefits Statistics.

What These 5 Shocking Employee Benefits Statistics Really Mean for Your Broker Business

InfinityHR

It’s becoming more apparent that the opportunity share for benefits brokers is rising year-over-year. Brokers can use these shocking employee benefits statistics to put into perspective that the market for voluntary benefits is two things right now: The demand is beginning to snowball due to both employees’ and employers’ developing requirements to combat an unstable healthcare market. 5 Shocking Employee Benefits Statistics.

Can’t Miss Conferences For Employee Benefits Professionals

PlanSource

Professional development is an important part of any employee benefits professional’s annual roadmap, and attending a conference is a great way to learn new skills, stay on top of industry trends and network with likeminded benefits enthusiasts. We’ve researched the top conferences for employee benefits pros, including conference dates, locations and pricing. Workplace Benefits Renaissance. Host: Employee Benefit Adviser.

The Source: Weekly Roundup – September 10, 2018

PlanSource

Welcome to The Source, your one-stop-shop for the latest and greatest HR and benefits news. Our weekly publication highlight this week’s top stories in human resources, benefits administration, insurance, legislation and more to make sure you can stay on top of industry trends and changes. We know that under the ACA employer mandate, all companies with 50 or more full-time employees must issue IRS Form 1095-C, and will owe penalty fees for noncompliance.

The Source: Weekly Roundup – November 12th, 2018

PlanSource

Welcome to The Source, your one-stop-shop for the latest and greatest HR and benefits news. Our weekly publication highlights this week’s top stories in human resources, benefits administration, insurance, legislation and more to make sure you can stay on top of industry trends and changes. When Employers Take Away This One Workplace Benefits, Employee Stress Soars. When compared to workers that have paid sick time, workers without this benefit were 1.59

401(k) Summary Plan Description: Basics, Requirements, and Compliance

ForUsAll

The Summary Plan Description (SPD) is one of the important 401(k) plan documents that provides plan participants (and their beneficiaries) with the most important details of their benefit plan, like eligibility requirements or participation dates, benefit calculations, plan management instructions, and general member responsibilities. That’s the basic definition, but there’s a lot more that you need to know about the SPD for successful benefits administration.

How to ensure a smooth and successful open enrollment

PeopleStrategy

Under the wrong circumstances, open enrollment can create many challenges for HR and employees alike. With adherence to certain best practices and a versatile human capital management platform, your company can avoid the potential pitfalls of OE and roll out your benefit program efficiently and successfully. Even with these discussions, many employees still do not grasp the details of their benefits. Know your audience when discussing employment benefits.

Top 7 HR Challenges In 2018

Empxtrack

The department is always inundated with numerous activities like compliance processes, talent acquisition, payroll processing, retention programs, talent management, and a lot more. Executing Continuous Compliance. HR has a key role to play in the organization’s compliance structure. Most often, ignorance towards compliance procedures and their effectiveness lead to unavoidable problems. Managing Employee Benefits. Employee Retention.

Hey, ACA, What’s New? Employer Updates for 2018

PlanSource

This is a recap of a recent webinar with Danielle Capilla, Director of Compliance, Employee Benefits at Alera Group. ACA reporting for 2018 will be here before you know it – are you ready for this year’s filing? A newer concept for offering employee benefits, association health plans allow small employers to purchase health insurance through an association or group of several employers in an arrangement called an ‘ Association Health Plan ’.

ACI Global CIO Ryan Fay Interviewed for BizTech Magazine Article

ACI Specialty Benefits

The article was published in the Winter 2018 print edition of BizTech Magazine. . The post ACI Global CIO Ryan Fay Interviewed for BizTech Magazine Article appeared first on ACI Specialty Benefits. In the News ACI ACI Specialty Benefits BizTech BizTech Magazine chief information officer CIO cloud cloud migration compliance data data storage Employee Assistance employee assistance program employee benefits GDPR Global CIO Ryan Fay Ryan Fay tech Technology

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Business Travel: 4 Ways to Mix Satisfaction with Policy Compliance

HR Daily Advisor

Today, we delve deeper into what we introduced yesterday: How traveler satisfaction and policy compliance go hand-in-hand. Yet it’s particularly helpful to also make a greater effort to measure satisfaction with your internal policies and processes – as these are the areas companies can most easily adjust based on employee feedback. After all, when employees must travel for business, reimbursements and perks can help make the trip more convenient and comfortable.

Celebrating HR Wins – Relive The Magic of ‘Shots of Success’ 2018

PlanSource

We opened Eclipse 2018 in true style with our signature ‘Shots of Success’ event. See first-hand how our clients and partners have overcome some serious HR and benefits challenges and help us celebrate their wins! Employees Own Their Experience. The Company : Silicon Valley tech leader, $200B market cap, 80,000+ employees, 96 countries. Solution: An integrated benefits program. The Benefits of Outsourcing. Solution: Benefits Outsourcing.

4 steps toward making equal pay a reality at your company

PeopleStrategy

wage gap, but provided you have executive-level support, you can develop an equal pay plan that compensates employees of all genders equally and without damaging the company’s bottom line. To provide a genuinely beneficial policy – and avoid running into compliance violations in the future – all of the above must be considered when crafting a strategy for equal pay. Solving the gender gap in employee pay isn’t simple, but it is possible.

What is a Pooled Employer Plan (PEP)?

HR Daily Advisor

An MEP is a retirement benefit plan that is offered at the group level among a set of employers who share a commonality. In short, several related employers work together to create one 401(k) offer package and then share the benefits of this approach. Theoretically, MEPs could significantly ease the administrative burden for smaller employers wishing to band together to offer better retirement plan options for employees. Benefits Employee Benefits Pooled Employer Plan

Small Businesses Attracting Talent with Better Benefits, Study Says

HR Daily Advisor

Larger organizations have already been using the lure of better benefits to attract candidates. A new study shows that small businesses are joining the fray of the talent war by rolling out the best benefits they can muster. The physical, health, and financial security of 60 million Americans is linked to small businesses or firms with less than 50 full-time, permanent employees. Benefits Boost Employees’ Financial Security.

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A Look Under the Hood of a Benefits Captive

Corporate Synergies

A benefits captive is no different, but they can help control rising healthcare costs. Wondering if a benefits captive might help you reign in healthcare costs? Since the Affordable Care Act (ACA) was implemented in 2011, small and mid-size employers have been trying to find creative ways to contain costs, sidestep certain ACA requirements and take control of their employee benefits. Enter benefits captives. Benefits captive risks.

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. Notice 2018-83 outlined the latest changes to cost-of-living adjustments for various statutory dollar amounts relevant to employee benefit plans. Most of the limits were increased for 2018. The dollar limit that defines a “key employee” in a top-heavy plan rises to $180,000 from $175,000.

4 Steps to Wrapping Your Head Around Employee Mental Health

Corporate Synergies

When it’s hard to unplug from technology (and work) employee mental health suffers. Technology has transformed the way many of us work, but it’s also almost completely eliminated the ability to unplug, de-stress and take care of employee mental health. Many employees make themselves available 24/7, checking email before they go to sleep and as soon as they wake up. Up to 14% of employee mental health issues could be completely avoided by reducing workplace stress.

Questions to Ask Your Benefits Partners After Open Enrollment

Winston Benefits

Before this year fades too far into the past, turn to your benefits partners to help you take stock of how open enrollment went. Benefits partners provide critical, strategic support to your HR teams — communicating with employees, rolling out new technology and providing expertise about risk and compliance. open enrollment employee benefits benefits partners employee communication Benefits Strategy

Top 7 HR Challenges In 2018

Empxtrack

The department is always inundated with numerous activities like compliance processes, talent acquisition, payroll processing, retention programs, talent management, and a lot more. HR has a key role to play in the organization’s compliance structure. Most often, ignorance towards compliance procedures and their effectiveness lead to unavoidable problems. Managing Employee Benefits. Employee Retention.

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

Astron Solutions

The Tax Cuts and Jobs Act of 2018 is the most impactful change to the way non-profit organizations will plan their executive compensation programs going into 2019. The Tax Cuts and Jobs Act of 2018. In particular: The law imposes a new 21% excise tax on non-profits that pay compensation of $1 million or more to any of their five highest-paid employees. There also will be a tax on certain employee benefits. Target benefit plans.

This CHRO approaches health and wellness with a legal mindset

HRExecutive

She relied on that employment law background when she became manager of labor relations at Northwell Health—New York’s largest private employer with 74,000 employees. But we also had to look at employee experience. HRE : Northwell’s employee population is 72% female.

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Each generation has unique needs; offer benefits to meet them

PeopleStrategy

It’s critical to understand which benefits are most important to them so you’ll create the best employee benefits packages across the workforce. “Identifying generational priorities is essential to benefits administration.” Millennials, Baby Boomers and Gen Xers all have differing expectations for their benefits packages. Today’s employees, especially younger generations, expect work-life balance.

Unlimited PTO: The Pros, the Cons, and the Reality

Intoo USA

They’ll also likely look for long-term growth opportunities and employee benefits that are anything but standard. Unlimited paid time off is one of these not-so-standard benefits that is becoming a popular perk that companies are using to get candidates.

Top Benefits Administration Webinars of 2018

PlanSource

2018 has been a busy year, with important updates to health care legislation, exciting new benefits companies coming to market and interesting industry shifts. Take a peek at our top benefits administration and human resources blogs and catch up on the greatest stories and tips from 2018. Open enrollment can feel like a huge final exam for benefits and HR professionals – months of research, planning and hard work designing your benefits program is on display.

Paycor Challenges the Status Quo in Human Capital Management at TECH+ 2018 Event; Launches Enhanced Partner Loyalty Program

Paycor

First National Partner Forum for Benefits Brokers and Financial Advisors Delivers on Commitment to Providing Partners with Technology + Expertise to Better Serve Their Clients. 26, 2018 ( GLOBE NEWSWIRE ) -- Human Capital Management (HCM) company Paycor last week concluded its TECH+ Partner Forum , the company’s first national HCM conference for benefits brokers and financial advisors. TECH+ 2018 Highlights at a Glance.

How RPA Will Impact Conventional Way of Managing HR Tasks

CakeHR

That way, they will free up more time for employees that can be spent on other equally important tasks. That way, it frees up more time for employees to focus on other quality tasks. As a result, it will have an adverse impact on the payroll administration, employee on boarding and talent management. Thanks to RPA technology, it becomes easier for the HR department to deliver the training in a range of platforms and make them easily accessible to the employees.