Written by Bobbi Kloss, Human Capital Management Director. Published in the Los Angeles Advertising Human Resources Professionals Monthly, October 2018. When private employers think about financial wellness they typically center their thoughts on 401(k) plans. The conversation today though has expanded the discussion on 401(k) programs to include student loan debt and other high-impact life events [Read More]
Written by: Lindsay Von Someren, Credit Karma, with contributions from Bobbi Kloss, BAN Director of Human Capital Management Services. In a nutshell: The Tax Cuts and Jobs Act contains a hidden gem: a tax credit for your employer if your employer pays you while you’re out on family or medical leave. If you’re lucky, you might [Read More]
Here are three areas HR leaders should be thinking about as they aim to attract talented employees (and keep their existing ones) in 2019. The stars have aligned for today’s job seekers: unemployment is at historic lows and job openings are plentiful. For millennials in particular, the urge to seek out a new role is [Read More]
“Employee turnover at all-time highs.” “Lowest unemployment rates in 18 years.” Discrimination in the Workplace vs. Culture, do these headlines sound familiar? They should, as they have dominated the business news media and the Human Resources forums for the past year. The facts behind these headlines are a reflection of the challenges that all employers [Read More]
In Part 1 of our three-part series from the October 2017 newsletter, Company Culture is the First Draw for Candidates, we explored the converging forces that are creating a competitive labor market for employers. At 4.1% – the lowest unemployment rates in 10 years based on January 2018 Bureau of Labor Statistics data – employers [Read More]
The Department of Labor’s Wage and Hour Division (DOL-WHD) recently announced its Payroll Audit Independent Determination (PAID) program to assist employers in determining their compliance status to the Fair Labor Standards (FLSA). The PAID program is a six-month voluntary pilot program which FLSA–covered employers can participate in to self-audit their compliance with the overtime and [Read More]
In Rev. Proc. 2018-30, the IRS released 2019 HSA Contribution Limits regarding inflation-adjusted amounts for 2019 relevant to HSAs and high deductible health plans (HDHPs). The table below summarizes those adjustments and other applicable limits. Out-of-Pocket Limits Applicable to Non-Grandfathered Plan The ACA’s out-of-pocket limits for in-network essential health benefits have also been announced and [Read More]
Employers that sponsor self-insured group health plans, including health reimbursement arrangements (HRAs) should keep in mind the upcoming July 31, 2018 deadline for paying fees that fund the Patient-Centered Outcomes Research Institute (PCORI). As background, the PCORI was established as part of the Affordable Care Act (ACA) to conduct research to evaluate the effectiveness of [Read More]
As seen on SHRM.org by Stephen Miller, CEBS Quotes included by BAN Directors Bobbi Kloss and Peter Marathas When Attorney General Jeff Sessions fired FBI Deputy Director Andrew McCabe on March 16, just two days before his 50th birthday, it kept McCabe from qualifying for early payout of his pension and other retiree benefits. The firing also raised [Read More]
Gallup, LinkedIn, and Recruiter.com all have studies showing that recruiting and retaining millennials tops the list of the most challenging HR business objectives for employers across the country. It is not surprising when you consider the following statistics: At 75 million, Millennials make up the largest generation, according to the U. S. Census Bureau; They [Read More]