article thumbnail

Waiving HDHP Deductibles Has Little Effect on Premiums, Study Says

InterWest Insurance Services

Employers who offer health savings account-eligible high-deductible health plans (HDHPs) to employees can significantly expand pre-deductible coverage for certain drugs used to manage chronic conditions — with only a tiny effect on premiums. Overtime costs. Absenteeism. Illness-related presenteeism.

article thumbnail

17 Items That Need To Be Included In Your Employee Handbook

Genesis HR Solutions

It also clarifies the Fair Labor Standards Act (FLSA) regulations for paying overtime. Overtime Use this section to clarify your company’s position on overtime pay for employees who qualify. The federal overtime provisions are contained in the Fair Labor Standards Act (FLSA). Get all the information in this guide.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Compliance Areas for 2024 You Might Not Have Thought Of

PeopleStrategy

Let’s get into these areas that deserve another look before the new year starts: health savings accounts, overtime, retirement, remote employment, and the Affordable Care Act. HSA Compliance Health savings accounts (HSAs) have become commonplace in the last several years as a way to offset high deductible health plans.

401(k) 52
article thumbnail

Human Resource Solutions at Genesis HR

Genesis HR Solutions

Overtime pay. We suggest looking for a partner that can provide large group access to the following benefits: Group health, dental, and vision. Health savings accounts. State leave laws. Employee handbook compliance. I-9 documents & employment eligibility. EEO messaging. Employee discrimination. 401(k) options.

article thumbnail

What is a total compensation statement & how does it provide value?

Genesis HR Solutions

Base pay/overtime. Health, dental, and vision insurance. Health Savings Accounts (HSA). A total compensation statement will show the bigger picture and usually contains the following three categories: 1. Direct Compensation. Commission/bonuses/incentive pay. Indirect Compensation: Taxes. Social security tax.

401(k) 40
article thumbnail

Laws And Regulations Every HR Professional Should Know In 2023

Empuls

Overtime regulations Labor laws have become stringent around overtime payments. It's critical for HR professionals to know the most recent changes in overtime regulations and apply them appropriately. This emphasizes the importance for HR professionals to stay updated on evolving labor laws concerning overtime.

article thumbnail

Robust HR Software Solution – Qandle

Qandle

Employers have less bureaucratic red tape to deal with when it comes to digital timesheets and overtime demands. In order to assist managers save time and effort, the program includes a number of pre-made schedule templates and automated scheduling functions. What makes Gusto HR special?