June marked the official beginning of summer—but that has not slowed down the happenings in the world of Human Resources. In our June edition of the HR Roundup, we’re bringing you news from Capitol Hill, the Department of Labor, and our friends at SHRM. So grab a limeade, and read about the latest workplace regulation updates and HR trends.
The buzzword in benefits and compensation training these days is Total Rewards. In the competition for talent, it’s not enough to offer a high salary—you have to have the entire package. In fact, more and more Millennials and Generation Z value perks other than base salary. Fortunately, some of these perks can be simple and affordable even for small businesses.
A lot goes into ACA compliance, but many employers fear the financial penalties most. Are you aware of the many ways you could be noncompliant and not even realize it?
Editor's Note: Since the publishing of this article, the IRS and U.S. Treasury extended reporting deadlines for ALEs filing certain forms related to the ACA, including Form 1094-C. The new deadlines for employers to file Form 1094-C are May 31, 2016 if filing by paper and June 30, 2016 if filing electronically. For more information, please read the IRS Notice 2016-4.
As the end of 2015 draws near, offices in the U.S. buzz with talk of open enrollment and ACA compliance. Whether it’s what employers should be tracking for ACA or what tools you need to do it, there’s a lot to cover with the Affordable Care Act.