Annually, the IRS makes inflation-based cost-of-living adjustments (COLAs) to dollar limits applicable to many employer-sponsored fringe benefits for the upcoming year. In November, the tax agency published its COLAs in
As the year winds down, many employers have wrapped up open enrollment and are preparing to administer their 2025 benefits packages. One thing your organization should always keep an eye
As 2024 winds to a close, employers need to strategize about various issues for the next calendar year. One of these issues is compensation — specifically, how to handle pay
On November 5, 2024, Missouri voters passed Proposition A, a measure that raises the state minimum wage and mandates paid sick leave for many businesses. Here’s a breakdown of the
Qualified retirement plans have become fundamental elements of most employers’ benefits packages. The stakes of running these plans have gotten very high because so many people now rely on them
On November 1, the U.S. Bureau of Labor Statistics (BLS) published its Employment Situation Summary for October 2024. This report, commonly known as “the jobs report,” indicated a cooling hiring market,
Earlier this year, the Employee Retirement Income Security Act (ERISA) turned 50. If your organization has been administering employee benefit plans for any length of time, you’re likely well-acquainted with
Organizational culture is inevitable and that is the first thing every employer should know. When creating a work environment, a culture will develop within that environment whether you like it
By: Patti Callaway As we approach the end of the year, organizations are gearing up for the inevitable – year-end payroll. This crucial aspect of operations demands meticulous attention for
The U.S. Department of Labor (DOL) announced earlier this year a new final rule on the minimum annual salary threshold that partly determines whether employees are exempt from overtime pay.
