How to Prevent Employee Benefits Security Administration Audits

The Employee Benefits Security Administration (EBSA) has the authority to conduct an investigation, or audit, of a company’s health and welfare plan at any time to ensure that the plan is in compliance with federal laws, including the Employee Retirement Income Security Act (ERISA), Patient Protection and Affordable Care Act (ACA), and Health Insurance Portability and Accountability Act (HIPAA). In …

On-site Medical Care: The Benefit of the Future?

Large firms such as The Walt Disney Co. and American Express Co., eager to curb fast-rising health care costs, have opened their own health centers, where doctors and nurses provide medical care to workers just steps away from their desks. Some clinics are equipped with exam rooms, X-ray machines and pharmacies. Some provide on-site appointments with dentists, dermatologists, psychiatrists and …

Tips to Improve Company Morale

The first question the visiting general usually asks is “How is morale?” Why? Because, all other conditions being equal, high morale will make a unit more effective, and poor morale will have the opposite effect. Similarly, company morale can contribute to or detract from the firm’ success. Employees who are eager and enthusiastic are going to perform better, individually and …

When Should You Fire Someone?

While you want to avoid a bad hire before it happens, sometimes the scenario is unavoidable. But how long do you hold on hoping things improve or change with the new investment? Before you waste another day or another dollar, here are the things you should consider when planning a termination. If their skills aren’t up to expectations. Their resume …

An Overview of Wage Garnishments

A wage garnishment is a legal process that requires an employer to withhold a portion of an employee’s wages to satisfy a debt owed by that individual. The garnishment order can be issued by a court (such as for unpaid child support, alimony, and unsecured consumer debts, including credit card and medical bills) or a government entity (such as for …

Know Your Tip-Reporting Responsibilities

If tipping is customary at your business, then both you and your employees have to meet tip-reporting responsibilities. (Tipping is most common in restaurants, bars, nightclubs, hotels, resorts, and other similar service establishments.) The Fair Labor Standards Act (FLSA) and Internal Revenue Service (IRS) have special rules for employees who routinely receive tips. Under the FLSA, tipped employees include those …