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Compensation and benefits laws affecting the flexible workforce

Article Abstract:

The evolution of contingent workforce in corporate America did not only revive the dynamism of the industrial sector, but also created legal problems on employee compensation and benefit management. To address these issues, the federal government enacted the Employee Retirement Income Security Act, which oversees the status of employees. Other labor policies, including the Fair Labor Standards Act, have been mandated by the government in an attempt to address issues such as wage, hour, health benefit, pension programs and employment taxes.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Labor Regulation & Services, Employee Benefits & Services, Interpretation and construction, Human resource management, Labor policy, Manpower policy

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The high stakes of employee benefit plan miscommunications

Article Abstract:

Employee benefit plan administrators must be careful when presenting oral or written information regarding benefits to employees. Plan sponsors who fail to clarify contract terms often end up paying for benefits beyond the coverage of the plan. To minimize miscommunication, ERISA Section 401 requires written plans with rules on amendments clearly defined. A summary plan description (SPD) must also be included which explains the benefits, rights and options employees have under the plan.

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Why put workers' compensation under ERISA?

Article Abstract:

The integration of worker benefits from health care and compensation under ERISA presents a cost-effective method of consolidation. Companies which decide to combine both should evaluate current corporate goals and adjust as needed, analyze possible sources of legal problems, evaluate benefit plans to determine where payments can be integrated, arrange financial resources to cover all aspects of the integration and minimize cost.

Medical care, Compensation management

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