Comp & Benefits: Page 14
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North Carolina construction company pays $1.6M following DOL misclassification lawsuit
R&R Construction Maintenance of North Carolina misclassified the employees as independent contractors, violating the FLSA, the agency said.
By Caroline Colvin • Aug. 9, 2023 -
Estate planning benefits remain mysterious for most workers
Workers reported that employer-sponsored legal services would make the process more accessible.
By Caroline Colvin • Aug. 8, 2023 -
Trendline
Inside the rapidly changing world of employee benefits
As employers prioritize retention, benefits remain a crucial piece of business’ employee value propositions.
By HR Dive staff -
As Gen Z grows up, benefits strategy should be mindful
The reality of a multigenerational workforce challenges “the historical one-size-fits-most approach to benefits design,” EY and Limra researchers said.
By Caroline Colvin • Aug. 7, 2023 -
Sponsored by Pelago
Addressing substance misuse in the workplace: A real-world case study
By implementing an effective substance use management program, this top 10 health technology company decreased alcohol use, improved mental health and generated a powerful return on investment.
Aug. 7, 2023 -
MLB pays $185M to settle minor leaguers’ FLSA minimum wage, OT claims
In the suit, which dates back to 2014, a group of former and current minor leaguers alleged MLB’s clubs did not pay them for all hours worked.
By Ryan Golden • Aug. 3, 2023 -
To retire, workers believe they need $1.27M saved
While readiness is improving, a disparity still exists between what workers think they will need to retire and what they’ve actually saved, according to Northwest Mutual.
By Kathryn Moody • Aug. 3, 2023 -
Payscale: Most companies plan 3.8% employee raises for 2024
The new normal in compensation increases could be 3.5%-4%, a Payscale pay strategist said.
By Ginger Christ • July 27, 2023 -
Walmart partners with Khan Academy on financial literacy course for employees
The free virtual course includes training on personal finance skills and financial wellness, which have been in demand by employees generally.
By Carolyn Crist • July 27, 2023 -
Government watchdog calls out DOL on 403(b) guidance
The U.S. Government Accountability Office “found that DOL's website contains little educational material specific to 403(b) plans.”
By Caroline Colvin • July 25, 2023 -
Biden administration cracks down on payers over mental health coverage
The HHS and Treasury and Labor departments announced a new proposed rule on Tuesday that requires health insurers to analyze patient outcomes to ensure their benefits are administered equally.
By Rebecca Pifer • July 25, 2023 -
Payscale: Most US employers support a federal minimum wage hike
Minimum wage discussions may come to the forefront again during next year’s presidential campaign.
By Carolyn Crist • July 25, 2023 -
Buc-ee’s has been advertising how much it pays its staff. It’s a lot.
In numerous social media posts in recent months, customers and employees of the popular retailer have shared its salaries and hourly wages.
By Brett Dworski • July 24, 2023 -
DOL continues crackdown on overtime violations, illegal deductions
The Wage and Hour Division ruled that Bellinger Parts Group will pay 20 workers at six South Carolina Napa Auto Parts stores $66,322 in back wages.
By Caroline Colvin • July 24, 2023 -
Teamsters call off Yellow strike at 11th hour
The Central States Pension Fund granted the LTL carrier another 30 days to make $50 million in pension and benefit payments.
By Colin Campbell • July 24, 2023 -
Investment firm to pay $124M to settle 401(k) plan mismanagement allegations
The U.S. Department of Labor joined other parties in suing Ruane, Cunniff & Goldfarb Inc. in 2019.
By Ryan Golden • July 20, 2023 -
Workers still aren’t using their mental health benefits
The desire for employer-sponsored mental health benefits remains. So does the lack of understanding and access.
By Caroline Colvin • July 20, 2023 -
Enrollment in Meijer’s education benefits ‘doubled’ since becoming tuition free
Education benefits strategy has evolved in recent years, experts previously said, with many shifting to a direct billing model to ease access for employees.
By Kathryn Moody • July 20, 2023 -
Employee attraction and retention efforts need more emotional intelligence, study shows
The Integrated Benefits Institute report comes as employers still struggle with expensive turnover.
By Carolyn Crist • July 20, 2023 -
Tyson Foods to subsidize employees’ child care at new facility
The new child care site will offer care to more than 100 children, reflecting ongoing efforts by employers to offer more holistic benefits to workers.
By Ginger Christ • July 19, 2023 -
How incomplete benefits packages ‘rob’ workplaces of talent
A potentially underrated benefits strategy: Employers can identify which factors are driving women from the workforce and seek to retain them accordingly.
By Caroline Colvin • July 18, 2023 -
Overtime rule arrives at White House, set to undergo review
The Department of Labor said last month it was targeting an August publication date for a proposal to update its FLSA overtime regulations.
By Ryan Golden • July 14, 2023 -
Kraft Heinz sues Aetna, says insurer breached ERISA fiduciary duties
Aetna wrongly retained millions in undisclosed fees and paid provider claims “that should have never been paid,” according to the lawsuit filed in a Texas federal court.
By Ryan Golden • July 13, 2023 -
WTW: Despite looming recession, pay raises still on the horizon for 2024
“While we are seeing lower salary increases forecasted for next year, they’re still well above the ones we’ve seen for the past 10 years,” one WTW researcher said.
By Caroline Colvin • July 13, 2023 -
Preventive care is important to workers, but many skip routine checkups, survey finds
Gen Z feels the least control over their health, yet are the most likely to skip annual wellness visits, according to a recent Aflac survey.
By Laurel Kalser • July 13, 2023 -
Amazon settles lawsuit alleging COBRA notices were threatening
A former employee alleged the company’s COBRA notices contained an unnecessary “ominous warning.”
By Ginger Christ • July 12, 2023