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Employee benefits and what they represent to a business today are far more complicated than in years past. Employers recognize that, now more than ever, attracting and retaining quality employees is as much about the quality of their benefit packages, human resources and corporate culture as it is about the salary and career advancement opportunities they offer.
WASHINGTON - Many employers had thought they could shift health costs to the government by sending their employees to a health insurance exchange with a tax-free contribution of cash to help pay premiums, but the Obama administration has squelched the idea in a new ruling. Such arrangements do not satisfy the health care law, the administration said, and employers may be subject to a tax penalty of $100 a day - or $36,500 a year - for each employee who goes into the individual marketplace.
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