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Large Employers Eye Alternatives to Retiree Health Benefits

Large Employers Eye Alternatives to Retiree Health Benefits

Pressured by rising costs, U.S. employers are looking at alternative ways to provide health care benefits to their retirees over the next three years, such as by replacing traditional group medical benefits for pre-Medicare retirees with subsidies to purchase individual insurance through a private marketplace, new research shows. Half of large U.S. employers are concerned

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U.S. Employers Boost Pay Budgets Despite Recession Concerns

U.S. Employers Boost Pay Budgets Despite Recession Concerns

Salary budgets for U.S. employees are projected to increase in 2023, mainly influenced by a labor market with more open jobs than people to fill them and inflation’s impact on employees’ pay expectations, despite signs that the economy is slowing. Consultancy WTW’s July Salary Budget Planning Report found that companies are budgeting an overall average

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Three ways to better manage remote and dispersed employees

Three ways to better manage remote and dispersed employees

One of the skills perhaps some managers may have been lacking over recent years is the ability to manage remote teams. Clearly, the recent disruptions to working practice have brought that skill sharply into focus but for many, it remains an elusive attribute. That said, despite the need for this flexible skill, it is not

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IRS Announces Spike in 2023 Limits for HSAs and High-Deductible Health Plans

IRS Announces Spike in 2023 Limits for HSAs and High-Deductible Health Plans

Health savings account (HSA) contribution limits for 2023 are going up significantly in response to the recent inflation surge, the IRS announced April 29, giving employers that sponsor high-deductible health plans (HDHPs) plenty of time to prepare for open enrollment season later this year. The annual inflation-adjusted limit on HSA contributions for self-only coverage will

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pregnant-couple

2020 trends: More Employers Offering Paid Parental Leave

The 14th largest private company in the U.S. announced Nov. 7 that it now offers six weeks of paid parental leave to most of its 28,000 employees following the birth or adoption of a child. Pilot Flying J’s “gender-neutral” leave benefit is available to all new parents working at its rest stops, retail locations and

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Coffee-shop with emloyees working

Advocates Push House to Vote on $15 Minimum Wage This Summer

The U.S. House of Representatives, where Democrats hold sway, may vote as early as August on a measure that would more than double the federal minimum wage to $15 an hour. Although prospects for the increase becoming law are doubtful given Republican control of the Senate, a House victory and a Senate punt could galvanize “Fight for

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