Facebook joins list of firms boosting same-sex benefits
If your firm is looking for a progressive way to bolster your benefits package, you may want to follow in the footsteps of these companies.
The option: covering the extra costs employees must pay when their partners receive domestic partner benefits.
Facebook became the most recent company to join a growing list of prominent businesses that now includes Google, Cisco, Bain & Company, Barclays bank and a host of others.
Employer-provided health benefits for domestic partners are currently counted as taxable income under federal law if an employees’ partner isn’t a dependent. This ends up costing same-sex couples an average of $1,000 per year more than a heterosexual married couple with the same healthcare coverage.
Facebook and others have decided to essentially provide extra compensation to cover those costs for employees with same-sex domestic partner benefits.
- Share on
Free Training & Resources
Webinars
Provided by Insightsoftware
Further Reading
The requirements for paying the prevailing wage under federal law have been slowly expanding for decades, but now, updated regs have brough...
A California carwash has agreed to a $1.2M settlement to resolve wage theft allegations, according to the California Labor Commissioner’s...
If your company’s employees are like most, they’d score a big fat F on a financial literacy test. Every year, the Teachers ...
A Little Caesars franchisee will pay $409,457 for federal wage and hour violations, the Department of Labor (DOL) recently announced. Th...
Layoffs, inflation, AI … these are just some of the factors making employees feel more stressed about their jobs and career future. S...
When employers fail to honor wage and hour settlement agreements, the Department of Labor’s next step is to seek a court order. In th...
