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Beyond ROI - Additional Time and Attendance Benefits

17 March, 2015  |  2 Comments

Estimated time to read: 1 minute, 45 seconds

In Does Your Time and Attendance Add up, we reviewed the difference between hard and soft dollars and their effect on ROI.  In conclusion, we’ll review the time and attendance benefits and savings a system can produce.     Playing favorites Using a manual time system increases the risk of favoritis...

Does Your Time and Attendance ROI add up?

10 March, 2015

Estimated time to read: 1 minute, 30 seconds

To ROI or not ROI?  That is the question. Although return on investment (ROI) is frequently quoted and even the deciding factor in some issues, ROI is poorly understood and often misused.  Most ROI calculators ignore the difference between hard and soft dollars and almost none provide a Net Present...

Benefits FAQ for Employers

03 March, 2015

Estimated time to read: 3 minutes, 45 seconds

Every workday finds us with questions, many of which can be answered automatically, without wondering if we are correct.  There are others, however, that do require more research to uncover that answer.  Whatever our question, we can rest assured someone else needs to know the same thing.&...

IRS Issues Notice on Employer Payment Plan; DOL Issues Same-sex FMLA Regulations

24 February, 2015

Estimated time to read: 2 minutes

What seems right one day, may be wrong the next.  If you answered a question early last week regarding employer payment plans or whether a legal same-sex spouse is recognized under FMLA, your answer could be different today. On February 18, 2015, the IRS released Notice 2015-17 that addressed five...

Updating Plan Documents Often Overlooked

17 February, 2015

Estimated time to read: 1 minute, 30 seconds

New benefit plans for 2015.  Check.  Open enrollment.  Check.  Updating payroll deductions.  Check.  Plan for ACA compliance and reporting.  Check.  Updating plan documents.  Che … wait, what? In the frenzy of open enrollment and year-end, it’s easy to overlook the plan documents that make your pla...

No Doubt FLSA Lawsuits are on the Rise – What to Watch for in 2015

10 February, 2015

Estimated time to read: 2 minutes

Prior to the year 2000, the average number of Federal Fair Labor Standards Act (FLSA) lawsuits hovered near 1,500 cases annually.  Since that time, we have seen a fairly dramatic increase to over 7,000 lawsuits in 2012 alone.  The millions of dollars in penalties continue to pile up, and the list of...

Three things to consider in FLSA and ACA Compliance

03 February, 2015

Estimated time to read: 1 minute, 45 seconds

“Because I said so!”  Who hasn’t heard that in their lifetime?  When we’re kids, it may work, but for people in HR, Payroll and Benefit roles, it’s a dangerous way to manage a workforce and may cause issues with FLSA and ACA Compliance. In October 2013 when the Marketplace Notice became due, there...

IRS Issues Form 941 Filing Guidance

02 February, 2015

Estimated time to read: 1 minute, 15 seconds

In order to reduce the burden on employers to file and report on the retroactive increased exclusion for 2014 transit benefits ($130 to $250), the IRS released Notice 2015-2 that explains how employers can correct FICA tax overpayments and report proper amounts on Forms 941 and the W-2.  Althou...

Affordable Care Act Resolutions for 2015

27 January, 2015  |  1 Comments

Estimated time to read: 1 minute, 30 seconds

Resolutions abound on January 1 each year only to be broken or forgotten in a matter of weeks or months.  Since March 23, 2010, employers have continually resolved to keep up with the changes and stay in compliance. The Affordable Care Act (ACA) resolutions for 2015 will be harmful for the weary emp...

The Increasing Popularity of Biometric Time and Attendance Systems

20 January, 2015  |  2 Comments

Estimated time to read: 2 minutes, 30 seconds

Biometrics has been all the rage for the past few years. From time clocks to sophisticated security systems, some type of biometric device is often involved.  In time and attendance systems, utilizing biometrics helps reduce fraud, frequently referred to as buddy punching.  You might be ab...

ACA compliance: it’s your move, employers!

06 January, 2015  |  2 Comments

Estimated time to read: 2 minutes, 30 seconds

Despite a controversial past and an uncertain future, the national health care law referred to as the Affordable Care Act (ACA) demands immediate attention and action by most businesses, especially those of specific sizes and structures.  Employers cannot afford to risk waiting to see what potential...

2015 Minimum Wage Increase and Transit Benefits

30 December, 2014  |  2 Comments

Estimated time to read: 1 minute, 15 seconds

Many of us ring in the New Year with resolutions to change or improve our life.  Although it’s not a personal resolution,  many states are raising the 2015 minimum wage as a result of either inflation or legislative action, affecting workers nationwide. New York’s minimum wage will increase to $8.7...

Paid Sick Days – What’s the Magic Number?

23 December, 2014

Estimated time to read: 1 minute

The US DOL found that employees with at least one year experience receive an average of eight paid sick days per year.  That number jumps to eleven days for employees with over 25 years of service.  While providing paid sick days for employees might seem costly to employers, not having sick leave av...

HIPAA Certificates Requirement Ending

16 December, 2014

Estimated time to read: 45 seconds

HIPAA certificates of creditable coverage have served workers well to prove they have had health coverage and may be exempt from exclusions when changing health coverage.  But as the saying goes, all good things must come to an end. The Affordable Care Act (ACA) proposed eliminating these certifica...

IRS Issues Final Regulations on Employer ACA Requirements

09 December, 2014

Estimated time to read: 2 minutes

Not to be outdone by Centers for Medicare and Medicaid Services (CMS) and Health and Human Service (HHS), the IRS also released guidance over the Thanksgiving weekend.  Final rules for minimum essential coverage and other employer shared responsibility requirements joined the Federal Register family...

Six Reasons why HCM Technology is Taking off

02 December, 2014  |  2 Comments

Estimated time to read: 1 minute, 45 seconds

Nucleus Research, a company that evaluates technology ROI, recently published some interesting results about HCM technology implementation. The 42 case studies included companies from a wide range of industries and organization sizes. Some findings: For each $1.00 spent, HCM technology returns an...

Four steps to good coaching

25 November, 2014

Estimated time to read: 2 minutes

If you want to be a coach, you have a lot of options – life coach, business coach, project coach and sports coach to name a few.  Even if your goal is not coaching, you may have already filled the position.  If you’ve ever helped an employee identify and solve a problem or develop their skills, you’...

Have you Checked Your Year-end List?

11 November, 2014

Estimated time to read: 2 minutes, 15 seconds

Some of us make lists for everything – spring cleaning, errands, groceries and daily tasks. There's one list that HR, payroll and benefit professionals should definitely have – their year-end requirements.   Here are some items that should be on that list:   General...

2015 just got exciting because of these four words: “Established by a State”

07 November, 2014  |  1 Comments

Estimated time to read: 45 seconds

During the Supreme Court’s conference November 7, 2014, they decided to hear the King vs. Burwell case.  In this case, the Fourth Circuit upheld allowing subsidies to individuals in an exchange other than one that is state run.  Interesting decision by the Supreme Court, considering the Fourth Circu...

Loophole in the Minimum Value Test? Not so fast …

07 November, 2014

Estimated time to read: 1 minute, 15 seconds

We found a Loophole!  That was the cry from certain brokers, TPAs or employers when they investigated two separate pieces of the health care law in 2014.  But as the cautionary warning states, buyer beware!  Sometimes loopholes can turn into slipknots and bind you in a noncompliant way. Plans that...

Do you Know Your Employee Types?

28 October, 2014

Estimated time to read: 2 minutes, 15 seconds

Prior to the Affordable Care Act (ACA) entering the picture, an employer generally considered a full-time employee as one that worked 40 hours a week and received health benefits, paid time off and perhaps even retirement contributions.  The ACA has required applying a new meaning not only to full-t...

Marketplace Open Enrollment

21 October, 2014

Estimated time to read: 1 minute

Open enrollment in the Marketplace is a set time frame when individuals can enroll in a plan and receive a subsidy based upon their household income, if eligible.  You can generally buy a Marketplace plan only during the annual open enrollment period. Upcoming dates to know: November 15, 2014 - 2...

Taking the Sting out of Performance Reviews

14 October, 2014  |  2 Comments

Estimated time to read: 1 minute, 15 seconds

It is annual performance review day at the office. The sales reps are sitting in their cubicles getting very little accomplished, as they watch the parade of colleagues enter and leave the boss’s office. Those nervously awaiting their turns feign nonchalance while trying to read the latest victim’s...

Does the QB have COBRA coverage?

07 October, 2014

Estimated time to read: 2 minutes, 15 seconds

Does the QB have COBRA coverage? There are times in life when you just have to wait. The period between a loss of coverage due to a COBRA qualifying event and the COBRA payment is such an example. COBRA provides a 44-day time frame for the employer/plan administrator to send an election notice. Th...

COBRA and the Employee Count

23 September, 2014

Estimated time to read: 1 minute, 15 seconds

There has been a lot of talk and confusion about employee count and determining employees for health care compliance. One area employers may not realize where the employee count matters is how it will affect COBRA. For COBRA purposes, an employer needs to count all employees when determining the em...