Many employers operate in locations where employees can bike to work. If you have employees who do so, you might wonder whether you can still reimburse bicycle commuting expenses as a fringe benefit, given the tax law changes in recent years. The short answer is...
Employers grapple with many competing goals when it comes to compensation and pay raises. You probably want to reward specific employees who have made contributions to the organization and try to ensure your salaries are in line with what competitors are paying. But you also...
Nonqualified deferred compensation (NQDC) plans pay executives, or other key employees at some time in the future, for services to be currently performed. If your organization offers one or is considering offering one, it is critical to be aware of the applicable tax rules. Included...
By now, most employers have read about, hired, and gotten to know Millennials. Well, guess what? A whole new demographic is here: Generation Z (Gen Z). Whereas Millennials are generally those who came of age around the Millennium, Gen Z are typically regarded as those...
The Department of Health and Human Services (HHS) recently issued a Notification of Enforcement Discretion to announce a change in its application of the regulations governing Civil Money Penalties of the Health Insurance Portability and Accountability Act of 1996 (HIPAA). Employers and other HIPAA-covered entities...
Is your organization looking to hire new employees? Join the club. The U.S. unemployment rate hit a historic low this past April, according to a Bureau of Labor Statistics household survey. It fell to 3.6 percent, the lowest rate since December 1969 — that is...
More and more employers are contributing dollars toward the cost of health club memberships for employees. Some are even building their own on-site fitness centers. If your organization is considering either approach, you might wonder: are health club memberships or on-site fitness centers subject to...
Employee incentive plans can be among the most meaningful benefits that an employer can offer. This is because participants receive awards tied directly to their professional accomplishments or their organization’s success. In addition, in a robust economy, the right incentive plan can serve as an excellent...
One of the most popular fringe benefits for employees at many organizations is not an insurance plan or a health club membership; it is shiny chrome and steel — a vehicle. Providing a car, van, or truck that an employee can use for both work...
There are many ways for employers to conduct annual performance reviews. So many, in fact, that owners of small to midsize businesses may find the prospect of implementing a state-of-the-art review process overwhelming. The simple truth is that smaller companies may not need to exert a...