January2010

BENETEMPS / HR Placement Group

 

The HR World: 2010 and Beyond

Strange Workplace Requests

Employers Start to Restore Matching Contributions

Hewitt: 2009 Legislative Year in Review and 2010 Outlook

Cutting Costs: the Real Issue in Health Care Reform

Employers Getting More Aggressive to Reduce Pension Plan Risk

Most Employers Not Complying with ERISA Regulations

Businesses Unsure What to do Following Health Care Reform

 

Strange Workplace Requests

A CareerBuilder survey highlights some unusual requests managers have seen in the company suggestion box:

  Allow people to change clothes in their cubicles

  Add a tanning bed to the break room

  Put beer in the vending machine

  Cover jail time under family medical leave

  Create a special smoking area for medical marijuana

  Establish "Bikini Fridays"

  Install a swimming pool for employee use

Source:theworkbuzz.com

 

 

Featured Candidate

Senior 401k Specialist --  With more than 20 years' experience in 401k administration, plan conversion, compliance and accounting, our candidate offers a breadth of experience that can help you meet the challenges of working through annual year-end retirement program administration. Find out how a highly experienced professional can instantly make life easier for your staff and/or your clients.

>GET MORE INFO

Featured Job

International Benefits Analyst -- Our client needs a contractor with international benefits exposure. The main responsibility will be project work helping to resolve international benefit issues and contract will last until the end of March at a minimum and our client is open to either full-time or part-time candidates.

>SEE FULL DESCRIPTION

 


 

COBRA Subsidy Extension:
More Paperwork for Benefits Departments

The COBRA subsidy signed into law on Dec 19, 2009 does a lot to help out-of-work Americans keep their health coverage, but it also means added administration for benefits departments.

  COBRA notices must be updated with new extension info

  Eligible employees terminated after October 31, 2009 must receive a new COBRA notification letter

  Credits and refunds must be calculated for employees who paid full amounts for their COBRA coverage when their original subsidy eligibility ended

Call BENETEMPS to find out how our contractors can help you meet these compliance requirements on time and cost-effectively.

888.89.ERISA

info@BENETEMPS.com

 

 

 

 

FEEDBACK

If you have comments or suggestions for Viewpoint, please let us know!

>CLICK HERE

 

 

The HR World: 2010 and Beyond

by Sam Gruenbaum, President of BENETEMPS and HR Placement Group

 

Happy New Year!

 

As a baby boomer, it’s hard to absorb that it is now 2010. Growing up watching the Jetsons, we all thought we’d have flying cars and robot housekeepers by now. Of course, we’re not quite there yet. But make no mistake, we’re living in the future, and it’s changing everything.

The world of Human Resources has also gone through enormous change from the days when the “personnel office” tracked information on index cards and in folders and operated as administrators primarily involved with payroll, hiring and contract negotiations in union environments. Today HR plays an important and growing role in defining the strategic direction of organizations because they correctly view talent acquisition, management and retention as critical elements of success. HR has taken a well deserved seat at the table when important decisions are made.


READ MORE


This month we shine our Employee Spotlight on Karen Haskett, an 11 year veteran of BENETEMPS who has contracted at more than 10 different companies since 1999. Karen is currently a Defined Benefits specialist at the Massachusetts Institute of Technology supporting data maintenance, compliance activities and preparing benefits calculations for retirees. “The plan is extremely complicated,” says Karen “but I truly enjoy the challenge and one of the things I like best about this assignment is working with the retirees directly. I enjoy talking with them and doing the research needed to make sure they understand what they’re getting.”

“Karen really is the face of the benefits department” says Sophia Maniaci, MIT’s Retirement Plans Manager and Karen’s supervisor. “She is very patient and thorough and pays a great deal of attention to each person and their situation. She genuinely cares about the work and the people she is working with,” says Sophia.

And being a “people person” is just one of the strengths Karen displays on a daily basis. “Karen has a strong ability to react well to a changing environment,” says Sophia. “She has a very positive can-do attitude which is so important as the work dynamic here can change very quickly.”  READ MORE

Lunch on us!

Employee Spotlight will appear in the next issue of Viewpoint.  If you have a BENETEMPS or HR Placement Group success story or you’d like to recognize one of our contractors for their service, please let us know!  The Spotlight employee will receive a $75 American Express gift card to enjoy lunch on us!

 

Email us today to make a nomination!

Employers Start to Restore Matching Contributions About one quarter of the companies that cut contributions to their employees' 401(k) retirement-savings plans recently have restored the match or plan to do so over the next year, a study by Fidelity Investments has found READ MORE

Hewitt: 2009 Legislative Year in Review and 2010 Outlook This two-part report rounds up key legislation and regulatory guidance enacted in 2009 and forecasts the outlook for legislative activity in 2010  READ MORE

Cutting Costs: the Real Issue in Health Care Reform  Much attention has been paid to contentious issues like the public insurance option and restrictions on abortion funding. But negotiations over which cost cutting mechanisms will remain in the final bill are where the real action is taking place  READ MORE

Employers Getting More Aggressive to Reduce Pension Plan Risk In response to soaring liabilities and record-low funding levels, most U.S. companies are taking active steps to reduce their overall pension risk by changing the way they fund, invest and design their defined benefit plans READ MORE

Most Employers Not Complying with ERISA Regulations  The majority of U.S. employers with 100 or more employees do not comply with ERISA — leaving them wide open to a potential slew of federal fines, found a recent study READ MORE


Businesses Unsure What to do Following Health Care Reform

As Congress debated a comprehensive healthcare reform bill for most of 2009, employers closely followed developments in hopes of understanding how a new law could affect their businesses.  MetLife surveyed employers to find out where they stand.

 

  83% report paying close attention to health care legislation developments

  Of employers who already offer health coverage, 30% expect it to remain unchanged

  41% aren't sure how new legislation would affect medical benefits

  39% of employers who do not offer medical coverage now expect that they also won't offer any if the reform bill passes

  57% of larger employers are turning to their benefits brokers or consultants for information on health care reform

source:
http://www.plansponsor.com/NewsStory.aspx?id=6442456789&page=1

 

     BENETEMPS and HR Placement Group

     Phone: 888.89.ERISA or 888.543.HRPG

     info@benetemps.com -- info@hrplacementgroup.com