Health Insurance in 2018

Health insurance has taken center stage in recent years as savvy employers recognize this benefit as a necessary component to attracting and retaining top talent. However most companies continue to see 15-25% increases year over year, a trend that will be impossible to sustain if it continues. In conjunction with health benefits, compliance reporting is still mandatory. A recent IRS …

Employee Benefits – What reigns supreme?

An employee compensation plan in todays workforce includes both wages and benefits offered to employees. Typically, all companies include those benefits into an overall evaluation of a job that is being extended to a candidate, such as an offer letter. It’s not always a high wage that lures employees to one employer over another – it’s usually the added benefits that come …

What is the FLSA? Are you covered?

The FLSA – or Fair Labor Standards Act to most non-HR professionals – is an act administered by the Wage and Hour Division. What the FLSA does, is they establish standards for minimum wage, overtime, and child labor. This act covers most employees in the workforce! When it comes to minimum wage and overtime laws, most hourly non-exempt employees fall under …

Is That Your Final Answer? DOL Says Yes…

May 18, 2016 Two posts ago, I discussed the new Department of Labor overtime exemption changes. Well, folks, we have a decision. Released this morning, the DOL provided their final rule revising the Fair Labor Standards Act. A few things that are mentioned under the final rule: The Annual Salary threshold for exempt positions will be raised from $23,660 to …

The Value of Benefits

May 10, 2016 As an employer, have you ever added up the benefit package that you offer to employees? And on the flip side, as an employee – have you ever added up your benefit package? Go ahead and price it out…I’ll be waiting. When you compute all the benefits that are offered, benefits can easily add up to 30% or …

FLSA Overtime Exemption Changes – They’re a Coming!

Changes to the FLSA (Fair Labors Standards Act) regulations are almost here. The Department of Labor published in February of this year that their final ruling will come out this summer – in July. Currently there are five categories in which employees that are exempt from overtime fall into: Executive, Administrative, Professional, Computer (IT), and Outside Sales. The changes the DOL are …

10 Reasons to Outsource

What does it mean to outsource? What does outsourcing look like for small or even large businesses? As an HR professional, I look at outsourcing as allowing a third-party company to do what they’re good at in order to allow your company to do what THEY are good at! You may be asking yourself, “Why would I outsource my HR or Risk Management …

Small Business Owner? Keep reading…

Small business owners can’t do everything – they aren’t HR professionals, and accountants, and insurance brokers, and safety managers, and operations managers, and payroll specialists, and recruiters, and, and, and… Here are a few tips to avoid some costly errors. I could just tell you to Outsource all your Human Resources needs to Solution Services and that could solve some costly errors. …

IRS Extends ACA Reporting Deadline

According to the IRS, the deadline for employers that are subject to the Affordable Care Act’s 2015 reporting requirements now have a bit of extra time to file those reports with the government (insert sigh of relief). Basically, since this whole process of extra reporting is new to everyone, the IRS realized that certain employers and insurers will need extra time This is …

10 Essential Elements of Employee Retention and Risk Management

There is no mystery or magic when it comes to Employee Retention. There are tried and true ways to keep employees and by minimizing their risk of an uncomfortable work environment, which can typically be the cause of leaving. Employees leave for various reasons, some of which can be controlled and some of which cannot. We want to focus on the items …

10 Elements Every Handbook Should Have

Every single employer, big or small, should have a company handbook. More than just providing employees with policies and procedures, it’s also a protection for business owners if your handbook contains the right information. With disclosures and disclaimers, along with policies and requirements – your handbook and acknowledgement of the handbook can become a life saver. Thankfully, Solution Services has …

Attention!! Utah Employers and Taxes!

Hopefully that blog title got your attention! Last month, The Utah State Tax Commission announced that Utah employers will now have to meet new electronic filing requirements. Our 2015 Legislature passed a law this year (that will take effect in 2016) that will require all employers in the state to electronically file their state annual withholding reconciliations by January 31st of 2016. …