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Compensation Ezine - Weekly
 
  
Employers That Suspend 401(k) Match Can Save Millions, But Is It Worth It?
  
  
Be Timely with Employment Taxes--Or Pay Big Time
  
  
Hard Times Don’t Necessarily Equate to Pessimism About Earnings
  
  
Most Employers Use Set Formula to Calculate Severance
  
 
Top 10 Compensation Stories
  
  
HR Challenge®: Background Checks
  
  
Compensation Hot Topic: Benefit Enrollment Forms and Personnel Folder
  
  
  
Compensation Q&A
  
  
Odd Jobs
  
  
  
Featured White Paper:
Maximize the Impact of Your Employee Assistance Program
  
  
  
Also:
Tool of the Week
  
  
Featured Resources
  
  
Poll:
Have you reduced your match?
  
  
Last Week's Poll:
Are most employees using direct deposit?
  
  
  
  
  

  
  
  
 Teach Your Workers the Value of Their
 Benefits and Increase Utilization

Despite the current recession, many employers have pinched pennies and bent over backwards to preserve their employee benefits programs while times are tough. Here's the kicker, though: Your workers may not understand–or appreciate–what you're doing for them!

Join us on May 14 for this practical 90-minute audio conference, as our expert speaker shares proven strategies for communicating the value of your employee benefits programs in your workplace, increasing utilization rates, and cutting down on HR time and overhead in the process.

Learn More

  

  
Employers That Suspend 401(k) Match Can Save Millions, But Is It Worth It?
New research finds that most companies could save millions of dollars by suspending their 401(k) match for one year. And it’s a measure they are beginning to take with greater frequency in response to continued cost pressures. But such a measure will have a significant impact on employees’ ability to save enough for retirement.
Read on ...

  
Be Timely with Employment Taxes--Or Pay Big Time
Now that many of us have filed our own federal and state income taxes, one law firm thinks it’s also time to talk about employers’ obligations for employment taxes. Baker Donelson suggests that in tough economic times, employers that have cash flow problems may be tempted to put those tax reports and payments low on their priority lists. Don’t do it, warns the firm.
Read on ...

  
This Week's Poll
Has your organization reduced or suspended its 401(k) match in response to the recession?
Vote here ...
  

 
Last Week's Poll
What percentage of your employees get paid by direct deposit?
View results ...
 

 
Tool of the Week
Preliminary Job Description Questionnaire
[Trial or subscription to Compensation.BLR.com® required.]
 

 
  Keep Your Pay Practices Competitive

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  • Salary Center - reliable data on over 2,400 jobs
  • Plain-English state compensation law analysis
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Hard Times Don’t Necessarily Equate to Pessimism About Earnings
In spite of the tough times currently being experienced by many Americans, as a group we are looking at the big picture with optimism, says a recent public opinion poll by Pew’s Economic Mobility Project.
Read on ...

 
Most Employers Use Set Formula to Calculate Severance
Fewer than one out of four employers negotiates severance packages with their employees, according to a survey on Compensation.BLR.com and HR.BLR.com.
Read on ...

 
Top 10 Compensation Stories
The following 10 articles are the most popular among Compensation.BLR.com readers in the past 90 days.
Read on ...

 
 
Featured White Paper
Maximize the Impact of Your Employee Assistance Program
Employee Assistance Programs (EAPs) have been around for decades, and your company likely has one. You may not pay much attention to it, but if you don’t, you may be missing an opportunity to really reap its maximum value.
Read on ...
[Trial or subscription to Compensation.BLR.com required.]
 

 
Compensation Q&A
Questions from our Ask the Experts archives
Can we cut the standard workweek--for instance, from 40 to 30 hours--with a corresponding pay cut for exempt employees?
Get the answer...

 
HR Challenge®: Background Checks
For a promotion, an employer will use a third party to conduct a background check on an employee that includes arrest records. The employer will pay the employee an annual salary of $95,000 in the new position, an increase from $85,000. What is the time limitation on how far back the consumer reporting agency may go in its report about such adverse information about this employee, according to the Fair Credit Reporting Act?
Take the quiz ...

 
Compensation Hot Topic: Benefit Enrollment Forms and Personnel Folder
An HR Forum subscriber is asking whether employees' benefit-related information must be kept separate from their personnel files.
Join the discussion ...

 
Odd Jobs
Job Title: Tonsorial Artist
National Average Salary: $10.32 per hour (June 2005 data)


The tonsorial artist finds himself in many hairy situations. A tonsorial artist is a barber, which the Department of Labor classifies among personal service occupations.
Source: Bureau of Labor Statistics

Need job descriptions or salary data for jobs at your company? We've got hundreds available at Compensation.BLR.com.

 
Featured HR And Compensation Resources
 
Comp.BLR.com
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Employee Compensation in Your State
Here's help on your two biggest compensation challenges. You get state wage and hour law explanations, plus current wage and salary survey data for virtually every job - in YOUR state. BLR’s exclusive wage and salary survey data ensure your pay rates are right for any job in your state and region.
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FLSA: Wage & Hour Self-Audit Guide
Download this guide to easily determine whether you are in an industry or employ the type of worker that is most typically at risk. It will help you quickly determine the most cost-effective method of compliance with the revised Fair Labor Standards Act.
Download Your Self-Audit Guide Now

Best Practices in Compensation & Benefits Newsletter
This concise, easy-to-read monthly newsletter will keep you on top of what’s working – and what’s not – in compensation and benefits practices. Plus, the latest developments and case studies in 401(k), wage and hour issues, flexible benefits plans, regulatory news, and much more.
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Lilly Ledbetter Fair Pay Act: Take Action Now
On January 29, 2009, President Obama signed the Lilly Ledbetter Fair Pay Act into law. BLR's expert legal and editorial staffs have carefully reviewed the Act, and they have created a plain-English overview that tells you what you need to know and do.
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Copyright 2009
Business & Legal Reports, Inc. All rights reserved.
 
 
 
 May 6, 2009
 
   
 
A Note to Readers


A new study highlights the significant cost savings--but also points out the pitfalls--of suspending your
401(k) match. Read about it in the news, then let us know whether your organization has reduced or suspended its match in this week's poll.

Meanwhile, does an individual's annual salary play a role in how thorough a background check you can conduct on that person? Think you know the answer? Take our HR Challenge.
 
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