As Donald Trump took the White House, policies employers have been prepping for — from the fate of the ACA to the DOL’s overtime rule — made a few dramatic shifts. Additionally, healthcare costs continued to rise and retirement readiness played a dominant role in headlines. These articles from the editors of EBN have been 2017’s most viewed items.
1. What the new GOP healthcare bill means for employers
While the bill’s fate ultimately died in the Senate, there are still a number of its provisions employers should still be aware of that could appear in the year ahead.
3. IRS announces 2018 retirement plan contribution limits
Employees will be allowed to contribute an extra $500 to their 401(k) next year. Further, the limit on elective deferral for contributions to 401(k) plans, 403(b) plans, most 457 plans, and the federal government’s Thrift Savings Plan will increase from $18,000 in 2017 to $18,500 for 2018.
Google parent Alphabet pledged $310 million to expand diversity efforts and resolve shareholder litigation that alleged the company’s board to failed to prevent sexual harassment and hid misconduct by executives.
“Many companies seek to create trans inclusive benefits packages, but their employees oftentimes don’t use the benefits provided because of fear of harassment in the process of accessing healthcare,” says Soltan Bryce, head of growth at Plume.
Bosses should do more to make the work-from-home experiment palatable and safe for all involved by subsidizing utility bills and workspace equipment, and changing managerial habits, with more trust given to employees.