Employees across the country can expect to see an average increase of 3% in base salaries in the coming year, and some experts are advising employers to remember that if budgets are tight, there are other means to keep employees happy.
The DOL says employers reacting to the Supreme Court's Hobby Lobby ruling by canceling contraceptive coverage will be required to notify their employees of the change, an important administrative note for benefit advisers working with employers electing to do so.
The Affordable Care Act is driving the costs of their medical plans higher, with a majority of employers saying they believe that the ACA will continue to put upward pressure on medical plan costs.
Confusion is still circling the Affordable Care Act's excise tax. But now, legal interpretation following Hobby Lobby says the Internal Revenue Service may literally need an act of Congress before it can collect these excise taxes.
Retirees should move beyond the long-held "4% Rule" and take into account the full range of financial opportunities and risks they could face going into the golden years.
More than half of Americans are worried that they will not have enough money when they retire, while others are living paycheck-to-paycheck. Without a focused workforce, employee productivity takes a nosedive and absenteeism increases.
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