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AFFORDABLE CARE ACT
WHAT YOU NEED TO DO NOW
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With the Supreme Court's upholding of the health care reform bill, employers must put in place plans to comply with the law. While full implementation will take years, there are things you should do now.
Employer Reporting: For the tax year 2012, you must begin reporting the cost of employer-provided health care coverage on employees' W-2. For small employers, those filing less than 250 W-2s, this requirement is optional for the tax year 2012. We await guidance on what to expect in future years.
Standardized Health Plan Summaries: All health insurance plans and issuers must provide a Summary of Benefit Coverage, along with a glossary of terms, to enrollees and potential enrollees on request before coverage is selected. In addition, health insurers and issuers must provide notice at least 60 days before any significant modification is made in the plan or coverage during the plan or policy year.
Additional reporting requirements will take place in 2013 and 2014.
For more information on the Affordable Care Act, CLICK HERE.
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PROJECTED SALARY INCREASES
FOR 2013
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U.S. employees can expect median base salary increases of 3% in 2013, according to research released in July 2012 by the Hay Group. These increases are consistent with forecasted base salary increases reported by the Conference Board and World At Work.
Employers have been hesitant to increase wages during this weak recovery. However, as hiring slowly rebounds and as concern about turnover increases, more employers are expected to increase wages.
Contact me for assistance with your compensation planning.
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| YAHOO'S MARISSA MAYER FAILS TO BREAK GLASS CEILING | |
Marissa Mayer was named CEO of Yahoo. That's exciting news. There are only a handful of female CEOs leading Fortune 500 companies today. The chatter in and outside the business world is not only that a woman was hired, but that they hired a young woman -- and pregnant to boot. And why wouldn't they hire Marissa Mayer? She's bright, highly educated, successful, and was a superstar at Google.
But before you start thinking that the glass ceiling is finally broken, we also now learn that woman are lagging far behind men in getting new jobs in this so called post recession period. Since June 2009, men have landed 80% of the 2.6 million net jobs created in the U.S., including 61% this last year. The juxtaposition of these two headlines, Mayer's hiring while women in general fall behind, gives us pause.
Marissa Mayer's hiring is reason to celebrate. It is a significant personal and professional accomplishment for her and a major step for professional women. But the unevenness of our economic recovery points to the fact that a lot more work needs to be done before we can actually reach economic parity.
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NEED A SPEAKER?
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 | | Addressing 2011 Mainebiz Conference |
I will be speaking at the Maine Municipal Association's Annual Conference and the Mainebiz Innovation Solutions Conference this fall.
If your organization or trade group is looking for a speaker, give me a call. To learn more about potential speaking topics and to get my speaker information sheer, CLICK HERE.
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| BE SOCIAL with RICK DACRI | |
To reach me, here's my contact information:
Rick Dacri
Dacri & Associates, LLC
7 High Point Drive
Kennebunkport, ME 04046
207-967-0837 (office)
207-229-5954 (cell)
rick@dacri.com
Join me on Facebook, Twitter, LinkedIn and my Blog for daily management tips and ideas.
(Click the boxes to connect)
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| RICK DACRI |  |
Rick Dacri is the President of Dacri & Associates, a management consulting firm which provides organizations with powerful, sustainable workforce strategies that are tailored to help you accomplish your goals and better use your greatest resource--employees.
Dacri is a recognized national speaker and is the author of the book Uncomplicating Management: Focus on Your Stars & Your Company Will Soar.
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REVIEW THE TRAINING OUTLINE |
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