The Form 5500 is due seven months after the end of the plan year. Under ERISA, the 2019 maximum penalty for failing to file the form has increased from $2,140 to $2,194 per day. Let's take a look at the basic requirements.
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In the competition for talent, industry experts anticipate there will be a 24% increase in the number of companies offering student loan debt repayment programs as an employee benefit this year. Will your organization take advantage?
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Thirty-five percent of women have experienced sexual harassment in the workplace, and even though 98% of employers have sexual harassment policies in place, only 32% of women believe that inappropriate behavior is addressed quickly.
Ransomware cripples municipal operations, popular restaurant brands report data breach, unsecured database exposes information of millions of Americans, and more.
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The short answer is yes, they could. You would think that wildfires on the coast would have a regional impact, but events like this can have repercussions on the entire insurance market, even here in the Midwest. To recoup income from damages in one part of the country, national insurance companies tend to increase insurance rates in other states. Ongoing losses from the wildfires in California are putting pressure on insurers, and it’s only a matter of time before that cost transfers to the insureds.
This issue of Threat Intelligence reveals the latest major cyber threats facing individuals and organizations, including customer payment card data exposing users' personal information, privacy concerns, poor security practices, phishing, live broadcasting disruptions, ransomware attacks on municipalities, card-skimming, and banking Trojans.
While turnover is a natural consequence of having employees, many of our clients are frustrated by what they consider to be excessive turnover. There is no question that turnover costs companies a significant amount of time and money, cutting into resources and profits. So how can you determine whether your turnover rate is consistent with natural attrition or whether it is excessive and needing to be addressed?
Update: Per an April 2019 court order, the deadline for submitting the Component 2 pay data to the EEOC will be September 30, 2019. It is expected that the EEOC will publish guidance during the summer regarding the submission of this data. In early May, 2019, the EEOC announced that EEO-1 filers will have to submit both 2017 and 2018 Component 2 pay data by September 30, 2019. That is two years of data instead of one. EEO-1 filers are advised to start collecting both years’ pay data to prepare for the September deadline. Component 1 data — employee counts reported by race, ethnicity, and sex — is still due May 31, 2019. Employers should begin gathering their 2018 pay data information.
In today’s competitive talent marketplace, student loan assistance is an emerging benefit that any company can offer to encourage the younger generation to join or stay with their company. How a company can implement this can vary greatly. There are plenty of examples of unique offerings of this benefit, but this article focuses on three common HR initiatives that you might have on your plate for 2019: recruiting, retaining, and engagement.
From the prevalence of tablets, computers and cell phones, to cameras and electronic tracking devices, employees and employers in the workplace are working and communicating using technology — and are monitoring, watching, and recording each other like never before.
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