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Obama discusses HR problems, requests higher wages

During his annual State of the Union address, President Obama made several comments regarding human resources and benefit problems in the U.S. He also called for the birth of a government-back retirement plan, made note of the crisis surrounding student loans and wage inequity, hinted at this plans to zero-in on the skills gap, and called on companies to pay higher wages to their employees. The president also made brief mentions to the Affordable Care Act, pleading with Republicans to allow Americans to know what their plans include to minimize costs, get more people covered and give more options to citizens. Republicans have since acknowledged that the country can’t go back to the way things were before the legislation, however, the law is not working. They reiterated that their party believes that health care choices should be made by citizens and not by the government. The President’s proposed plans for a new retirement accounts, termed MyRA, includes investments in savings bonds. Exper ...

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PPACA Update

In yet another transitional policy related to the Patient Protection and Affordable Care Act, the Obama Administration announced on December 19, 2013, that individuals whose health insurance is being cancelled due to not meeting new requirements related to healthcare reform may claim a hardship exemption to the general requirement that individuals have minimum essential health coverage in 2014 or, alternatively, pay a tax penalty. Unlike the Individual Shared Responsibility Provision which goes into effect in 2014, enforcement of the Employer Shared Responsibility Mandate (Employer Mandate) has been delayed until 2015. Starting in 2015, employers with 50 or more full-time employees (including full-time equivalent employees) will be required to provide compliant health insurance to full-time employees or face tax penalties. There are nuances related to the requirement which, unless changed when final regulations are implemented, could pose issues for some employers. Although determining whether there ar ...

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Motivating Employees 2014

As employers move into 2014 with new goals and objectives, it is always beneficial to evaluate how to motivate employees. Successfully motivating employees will ultimately help employers achieve and maintain business goals. Creating an environment that allows employees to meet or exceed expectations, do their best, and feel valued will increase employee retention and enthusiasm. While employees are clearly motivated by tangible rewards such as salary and promotion, intangible factors such as mentoring, personal and professional growth and the ability to work on independent projects are also motivational drivers. Motivational Drivers Of course what motivates one employee may not motivate another. Getting to know employees an employee's interests and what is important to them assist determining which motivational drivers will be most beneficial. Creating a work environment which includes a range of motivators can result in improved performance. The following is a brief summary of different motivators: ...

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PRESIDENT'S DAY OBSERVED 2/17/2014

All banks and U.S. Post Offices will be closed Monday, February 17, 2014, in observance of President’s Day. 
    
As a result, no payrolls will be delivered via the US Postal Service on this date.  All processing schedule change requests are subject to the final approval by MBA’s Finance/Credit Department.

Reminder:
   The earliest day funds can be available to your employees through Direct Deposit is the second business day after your payroll has been finalized due to the federal banking regulations.

If you have any questions, please contact your Payroll Specialist or Account Manager at your earliest convenience.

 

Promises of Obamacare to be tried and scrutinized

After years or scrutiny, protests and pushes regarding the implementation of Obamacare, the U.S. has faced this historic change as of January 1, 2014. The changes that accompany the legislation will bring about sweeping reformation to businesses and individuals throughout the country. From hospitals, doctors offices, pharmacies and corporate human resources departments, changes have begun taking effect in an effort to get insurance coverage for all Americans. As of the beginning of this year, insurance companies can no longer refuse coverage to individuals because of illnesses and prior conditions, charge them a higher premium than health patients or discontinue their coverage as a result of a new illness or chronic condition. Some of the Americans who were previously without insurance will find as they look for the best-suited plan that new plans come with a higher price tag and more limited options in terms of treatment and care. Nearly 1.1 million Americans chose health care plans before approp ...

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