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Dear ,
Welcome to HR Knowledge's
October 2016 Newsletter! This month, we're highlighting new policy changes business owners should be aware of, including updates to the Form I-9, and Health Savings Account limits.
HR Knowledge is also excited to be a Silver sponsor of the MIT Sloan CFO Summit for the 14th consecutive year. Ken Bettenhauser, Founder & President, will be a featured speaker at the "Talent Management: How to Attract, Retain, and Optimize Employee Relations" panel. We hope to see you there on November 17!
Sincerely,
HR Knowledge, Inc.
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Health Savings Account Limits Change for 2017
Health Savings Accounts were established to allow individuals and families to save additional money from their paychecks before taxes to be used for medical expenses throughout the year. Health Savings Accounts can be used if an individual or family is enrolled in a Health Savings Account eligible medical plan. It is a great idea for people who have enough regular expenses that they are able to calculate the approximate amount needed annually. The contribution amount was adjusted for inflation for 2017 by a modest additional $50 for self-only accounts.
Read more
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Current Form I-9 Valid Until January 21, 2017
The Office of Management and Budget approved a revised Form I-9 on August 25, 2016. The new form will be published by United States Citizenship and Immigration Services (USCIS) by November 22, 2016, but will not be effective until January 21, 2017. In the meantime, employers can continue using the current version (revision date of 03/08/2013 N).
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Employer Marketplace Has Short, 90-Day Appeal Window
Employers may receive a notice from the Health Insurance Marketplace indicating they may need to pay a penalty, called the Employer Shared Responsibility Payment, because an employee requested and received a subsidy for health insurance. As an employer, you only have 90 days to appeal this notice, so you need to act quickly.
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New York City Amends Mass Transit Benefit Rules
Starting this year, New York City businesses with 20 or more full-time employees who work in the city must offer their employees the option to use their pre-tax earnings to purchase certain transportation benefits. The Commuter Benefits Law, which passed in 2014, became effective on January 1, 2016. The law was recently amended to clarify recordkeeping requirements, enforcement provisions, and penalties that employers should pay attention to in order to avoid noncompliance fines.
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Massachusetts Firms Pay $2.4M Settlement in Overtime Wage Case
A recent ruling by the Department of Labor (DOL) shows how crucial it is to ensure your company's overtime policy is compliant with State and Federal overtime laws and how costly it can be if they are not.
Read more
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San Diego Sick Leave Law Updated
San Diego's Earned Sick Leave and Minimum Wage Ordinance was amended with the "Implementing Ordinance" amendment. This amendment adds additional requirements, and created a system where complaints can be reported and resolved. The new regulations went into effect on September 2
nd
, 2016, so business owners should start to acquaint themselves with the new requirements.
Read more
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HR Knowledge Will Be Attending the MIT Sloan CFO Summit
Join us on November 17th at the Boston Marriott Newton for the 14th Annual MIT Sloan CFO Summit! HR Knowledge is sponsoring the event for the 14th consecutive year, and Ken Bettenhauser, Founder & President, will be a panel speaker on Talent Management. Tickets are available now!
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Perk of the Month!
HR Knowledge Clients, get the perfect customized gift this holiday season from Rustic Marlin. Enter promo code HRKTHANKS and save 20% now until 11/25.
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At what point during the hiring process should I run a background check on prospective employees?
Can employees choose not to use FMLA leave even when they meet the qualifications?
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HR Knowledge and our clients are seeking qualified and talented people. Please view our current job openings, including:
- Senior Consultant, Reputation Management (Cambridge, MA)
- HR Generalist/Recruiter (Boston, MA)
- Director of Finance (New York, NY)
View our careers page |
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Win the War for Talent by Using Our Outsourced Recruitment Method: Hiring Process Management (HPM)
Our Hiring Process Mana
gement™ (HPM)
™
methodology embraces the full range of tasks involved in recruiting - from crafting the job description to candidate acquisition, vetting and selection, and even negotiating the employment offer.
As companies increase their productivity to meet business goals, the demand for talent also increases. The process of identifying, recruiting, and screening new employees is multi-faceted and complex. Hiring the wrong employee can be detrimental to your company's employee morale, productivity, and bottom line.
Let our experts help you find and hire the right candidate. Our HPM service will relieve the burden of evaluating prospective employees and give you the confidence that you are hiring the best talent for your organization, in a cost-effective and timely manner.
Whether you are looking to reduce hiring costs, expand your workforce, or a combination, HR Knowledge is a reliable and qualified partner that bridges the gap between your workforce needs and the best talent your industry has to offer.
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HR Advice When You Need It
Are you a full-service client with an HR question?
Not a client of HR Knowledge but have an HR question?
Our HR team provides expert, practical human resource guidance to business of all sizes. To learn more, please send us an email .
Join our email list!
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HR Knowledge, Inc.
15 Berkshire Road | Suite B
Mansfield, MA 02048
P 508.339.1300 | F 508.339.1349
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About HR Knowledge, Inc.
Founded in 2001, HR Knowledge, Inc. is a privately funded company providing integrated outsourced HR services tailored to our clients' needs. Our full array of offerings includes managed payroll, employee benefits administration, and HR consulting and support services, such as training, compliance, custom-built software solutions, and Hiring Process Management™, our comprehensive recruitment service that takes you from finding to onboarding new talent. Our major markets are fast-growing small- and medium-sized businesses, many of which are venture-capital-backed; foreign companies expanding into the states; and charter schools. Partnering with HR Knowledge can reduce your administrative costs, minimize your legal risk, help you find and develop talent, and alleviate the HR burden so that you can focus on your core business.
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