According to a survey by professional services firm Aon, the number of employers offering voluntary benefits increased by 41 percent from 2021 to 2022. The firm stated that the significant growth results from employers attempting to combat the...

Employers Concerned Over Hybrid Work Model The shift to a hybrid work model has created new challenges for employers, who must now accommodate remote and on-site employees. According to Littler’s 10th Annual Employer Survey Report 2022, 86%...

The COVID-19 pandemic has forced many workers to adapt their schedules and work styles to accommodate new childcare and eldercare responsibilities. With offices reopening, many working caregivers are wondering how to best manage their time and...

In late April, the IRS announced a significant increase in health savings account (HSA) and high-deductible plan (HDHP) contribution limits prompted by rising inflation. Eligibility for HSAs is also changing as HDHP minimum deductibles rise. HSA...

Employers are finding it increasingly difficult to attract and retain talent due to several factors, including the Great Resignation and demographic issues. The career insights platform Lensa, though, has studied US search trends to figure out what...

Many workers have cited the fourday workweek as a highly desirable employee benefit. A Qualtrics survey conducted in January found that 92% of people support the concept and believe it would improve their productivity and mental health. It isn’t...

The Employee Retirement Income Security Act (ERISA) provides insurance companies and private employers with guidelines on how to administer retirement and health plans to employees. ERISA was enacted in 1974 and applies to plan years starting on or...

Penalties apply not only if coverage isn’t offered – but if the wrong coverage is offered. Under the Affordable Care Act’s (ACA) employer mandate, applicable large employers (ALEs) must offer comprehensive health coverage to full-time...

Which of your employer-sponsored health plan costs cause you the most headaches? If you’re like 60 percent of the employers surveyed by the National Alliance of Healthcare Purchaser Coalitions, it’s the rising cost of prescription drugs.A...

Employers who are interested in implementing a Dependent Care Assistance Plan (DCAP) or adopting additional flexibility should consult legal counsel, as well as the Internal Revenue Service’s (IRS) Notice 2021-26. The notice clarifies what...