Are things changing in your workplace or your industry? Do you find it more challenging to retain employees during times of change? What can you do to maintain or improve employee retention rates?
1. Garnering news coverage
While many employers including non-profits are breathing a sigh of relief that FLSA changes will not have to be implemented for December 1, there may be more state DOL concerns to consider before the year is out. By now every non-profit knows the new federal FLSA overtime rules will not go into effect on December 1, 2016. The much discussed federal blockage of the FLSA overtime rule may not be the reprieve non-profits expect. Non-profits still need to comply with state regulations.
Before the federal FLSA overtime rule was struck down by a United States District Court in Texas on November 22nd, it was easier for non-profits to neglect consideration of state requirements because they were superseded by the federal FLSA ruling.
The 2015 Solid Benefit Guidance Survey offers unique industry leading research and insight on the future of employee-sponsored benefits plans while highlighting emerging industry trends. Delivering specific and relevant benchmarking data, the SBG Survey offers companies an additional resource to validate and support strategic benefit decisions.
On July 24, 2014, the IRS released the long awaited reporting forms that employer plan sponsors and health plans will use to satisfy their obligations under Sections 6055 and 6056 of the IRC. The reporting forms are in draft form, and the IRS is currently accepting comments. The instructions for the forms have not yet been released, but the IRS expects to release the draft version of the instructions in August.
The impact of health care reform on employees in 2014 requires you to take
action — enroll yourself in minimum essential coverage or pay a penalty.
The Patient Protection and Affordable Care Act, also known as health care reform or the Affordable Care Act, was enacted on March 23, 2010, and has been amended many times already. In its current form, the law has resulted in a steady stream of regulations and guidance as various governmental entities clarified employers’ requirements under the law over the past three years. The aspect of the legislation that will affect you as an individual is known as the individual mandate, and is effective Jan. 1, 2014. At that time, most Americans will be required to purchase health insurance coverage that meets a certain minimum standard. If such coverage is not purchased, individuals will pay an additional tax on his or her 2014 personal income tax return filed in 2015.