From benefit plan updates to employee documentation, it’s critical to manage a number of policies, procedures, and guidelines to avoid penalties and set the stage for a smooth transition into a new year.
Conducting effective and lawful job interviews is crucial for employers aiming to hire the best candidates. A well-managed interview process not only ensures fairness but also provides valuable insights into each candidate’s suitability for the role.
The Internal Revenue Service has established increased limits in 2024 for health savings accounts and employee benefits plans, and for benefits professionals, it’s important to prepare for these changes as we enter a new year. These increased limits present more opportunities for employees to maximize their healthcare savings in 2024.
It's especially important for human resources professionals to make sure that all compliance-related matters have been addressed and that any loose ends are tied up before the start of the new year.
Earlier this year, the IRS announced 2024 employer mandate penalties that apply to all employers with 50 or more employees — otherwise known as applicable large employers (ALE). If you’re a human resources professional at an ALE, it is essential for you to understand these penalties and how they could impact your workplace.