December 2012 - MBA Business Magazine

According to the Society for Human Resource Management (SHRM)’s 2012 Employee Benefits research report, the employee benefits landscape has changed profoundly. As such, employers are shifting employee cost accountability and decision-making to employees. According to SHRM’s report, here are some key findings for employers: Health care and welfare: Health savings accounts (HSAs) have continued to gain in prominence in recent years. Preventive health and wellness: Over the last five years, there has been an increase...

Nondiscretionary bonuses must be included, while discretionary bonuses may generally be excluded. Nondiscretionary bonuses are bonuses that the employer is obligated to pay, and they must be included in overtime pay calculations. Examples of nondiscretionary bonuses include bonuses promised in an agreement (such as an employment contract or collective bargaining agreement), bonuses tied to performance evaluations, incentive plan bonuses, or any bonuses based on a set criteria for an employee, a group or an entire...