December 29, 2017

Benefits and Compensation in 2018 | Affordable Care Act Deadlines and Deals | Marketing in 2018

StaffLink’s Week Ending December 29 Highlights

Closing out 2017, StaffLink brings you good tidings for retailers, updates on benefits and compensation trends, the latest ACA events, and a peek at what marketers are planning for 2018.

Employee benefits and compensation are changing with the times.

Earlier this month, SHRM’s Stephen Miller took a look back over employee pay trends in 2017 and made some predictions for 2018. In 4 Key Compensation Trends in 2017, he offers his insights into what employers should expect in 2018. One notable development for 2018 is that hiring managers in some jurisdictions will be prohibited from asking candidates about their past salaries.

Also from SHRM’s Stephen Miller is 5 Big Benefits Trends Going into 2018. Miller writes that employers will invest more in financial wellness programs for employees. He also predicts that health care costs will continue to rise, and everyone will need to adjust to the Affordable Care Act’s requirements.

Retailers enjoyed robust sales this holiday season.

Earlier this week, Fox Business reported that holiday sales increased by almost 5% between November 1 and Christmas Eve with electronics purchases leading the way. Fox Business shares the sales results and reactions from shoppers and retail representatives in Retailers feel shoppers’ Christmas Cheer.

Making a plan for personal success.

It’s that time of year when people begin making plans for their futures, setting goals, and resolving to achieve them. If you are short of ideas on what you’d like to change in the coming year, check out 30 Habits, Qualities and Secrets That Lead to Success from Entrepreneur.com.

ACA change-ups: Employers get a little more time and individuals get to avoid a penalty.

On December 22, the IRS announced an extension of the 2018 deadline for employers to provide ACA-related insurance coverage information forms to their employees. However, SHRM reports in IRS Extends Deadline to Supply ACA Forms to Employees, employers are still required to meet the existing deadlines for filing their information forms with the IRS. Employers may also qualify for a good-faith exemption from penalties in circumstances where inaccurate information is filed.

Speaking of penalties, the tax reform bill passed by Congress lifts the so-called individual mandate penalty for 2019. This change will effectively eliminate the individual coverage mandate under the Affordable Care Act in 2019. How will this affect employers and employees? Read, What Individual Mandate Repeal Means for Employers at SHRM.org.

What will marketers do differently in 2018?

Inc. contributor Melanie Deziel asked a few people to find out. She tells us their plans and predictions in What 28 Entrepreneurs & Marketers Are Doing Differently in 2018 (And You Should Too). Among the predictions are a move to video and a focus on building stronger connections with customers.

For more on what marketers will be up to in 2018, check out this video from MSNBC. (That was quick. The move to video has already started.)