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Claim Your Free Copy of Overtime Primer: Highlights from the New Regulations

The federal DOL overtime regulations go into effect this year. Are you ready?


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This report includes a summary of key changes, including the salary level test and salary basis test.

As a bonus, we've included a handy flowchart to help you determine exemption status under the FLSA.

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October 15, 2007
Most Companies Educate Employees on Healthcare Terms

Nearly 75 percent of human resource professionals report that their company educates their employees on basic healthcare terms.

When asked "Do you educate your employees on basic health care terms (co-pay, deductible, etc.)?," just 27 percent responded "No" in a recent Compensation.BLR.com poll. Of those that answered "Yes," 49 percent responded that "we provide written materials that explain these terms" and 24 percent responded that "we conduct seminars that explain these terms."

A recent survey by Watson Wyatt found that slightly less than half of employees reported being comfortable describing what a co-pay or deductible is. The survey also found that only 36 percent of employees are comfortable describing flexible spending account, and 35 percent can define out-of-pocket maximum. In addition, less than 25 percent are comfortable describing health savings account, coinsurance, and formulary.

"Helping employees improve their health care literacy and learn the terminology can make or break a company's healthcare efforts overall," commented Kathryn Yates, global director of communication consulting at Watson Wyatt. She also noted that employers should use "a mix of channels and formats" in their efforts to help employees understand these terms and what their health plan covers, thus empowering them "to become smarter healthcare consumers."

The Compensation.BLR.com poll included 227 respondents.

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!
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Top 100 FLSA Overtime Q&As
   
   
 
 
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