About a Third of Employers Observe Presidents Day
February 15, 2008—Thirty-four percent of employers observe Washington's Birthday (also known as Presidents Day) by giving exempt employees the day off as a paid holiday, according to BLR's 2008 Survey of Employee Benefits.
Nonprofit Salaries on the Rise, Rivaling For Profit Pay
February 15, 2008—A new study reveals that the average salary for staff positions in nonprofit organizations increased almost 4 percent from 2006 to 2007. The study found that base salaries and total cash compensation offered by nonprofit organizations now rivals pay offered by for profit companies.
NY Investigates Insurers over Reimbursements for Medical Expenses
February 14, 2008—New York Attorney General Andrew M. Cuomo says that he is conducting an industry-wide investigation into how health insurers compute reimbursement rates for out-of-network medical expenses.
Sample Automatic Enrollment Notice Available Online
February 14, 2008—The Internal Revenue Service has posted a sample "Automatic Enrollment Notice" online to help plan sponsors satisfy requirements under proposed regulations issued in the fall on new safe-harbor qualified automatic contribution arrangements (QACAs) under Internal Revenue Code Section 401(k) (13) and on eligible automatic contribution arrangements (EACAs) under Code Section 414(w).
What Do Members of the Compensation Committee Earn?
February 13, 2008—Sitting on a compensation committee is an honor and a responsibility, one that is much bigger since the Securities and Exchange Commission implemented new rules designed to protect the compensation process. The compensation committee is responsible for setting and monitoring the pay of a company's executives and ensuring that the compensation is fair and in compliance with these new rules. How much do members earn for their service?
NY Finds Thousands of Misclassified Workers
February 12, 2008—The New York Department of Labor says that a task force found more than 2,000 workers misclassified as independent contractors during a 4-month audit.
Most HR Pros Share Same #1 FMLA Headache
February 12, 2008—HR professionals report that unscheduled intermittent leave is the most vexing part of dealing with the Family and Medical Leave Act (FMLA), according to a Compensation.BLR.com poll.
New FMLA Rules Proposed
February 11, 2008—The Department of Labor has published a proposal to revise regulations covering several areas of the Family and Medical Leave Act, including notice requirements, medical certification, and the definition for "continuing treatment" of a serious health condition.
Top 10 Compensation Stories in Last 90 Days
February 11, 2008—The following 10 articles are the most popular among Compensation.BLR.com readers in the last 90 days. The articles are available to both subscribers and non-subscribers.
