In our quest to differentiate our organizations to attract, retain and motivate the best talent in an ever-tightening labor market, simply increasing pay alone might not be the easiest solution … Continued
A few weeks ago, I was watching the hit Disney animated movie Encanto with my children. Like everyone else, I was captivated by the lovely story and especially the music … Continued
While the pandemic forced most businesses into remote work arrangements in early 2020, many have discovered that the model proves to be sustainable in some fashion. Employers that have allowed … Continued
On Friday, July 9, 2021, President Biden issued Executive Order 14036, Promoting Competition in the American Economy, spelling out 72 initiatives by more than a dozen federal agencies in an … Continued
The American Rescue Plan of 2021 (ARPA) contains significant changes to the funding rules of single employer pension plans. The new law may significantly reduce contributions to pension plans that … Continued
The Paycheck Fairness Act (pending federal bill H.R. 7) was reintroduced on January 28, 2021 and as currently proposed, would drastically alter the federal law effectively eliminating a defense of … Continued
Earlier this year, the Pennsylvania Department of Labor and Industry (L&I) issued a rule to increase the minimum salary required to avoid overtime compensation for executive, administrative, and professional (EAP) … Continued
In a recent ruling, the IRS provided a blueprint where it concluded that employees may allocate employer contributions between a health reimbursement arrangement (HRA) and a profit sharing plan without … Continued
Generally, individuals who have wanted to donate PTO could not do so without triggering adverse tax consequences. However, that can be resolved if an employer establishes a plan as a … Continued
Many employers sponsor non-qualified deferred compensation plans that provide for benefits in excess of those under tax-qualified plans. There are strict requirements in operating these plans and failure to follow … Continued