Overview: Adoption assistance programs are becoming more prevalent as an employer-sponsored benefit. The number of employers offering such services as part of their employee benefit program continues to grow as adoption becomes more common in the US.
Adoption assistance benefits can be grouped into two general categories:
Adoption assistance benefits help employers to promote a family-friendly culture and show fairness and equity with other employees who have given birth to a child and have perhaps received paid maternity leave and/or health care coverage.
Author: Tracy Morley, SPHR, Legal Editor
The IRS has announced the annual cost-of-living adjustments made to several employee benefits and taxable amounts, based on changes to the Consumer Price Index. These are the maximum amounts that may be excluded in 2015 from an employee's taxable income for specific benefits.
XpertHR has updated its payroll content to reflect 2013 inflation adjustments in amounts for excludable transportation fringe benefits, adoption assistance benefits, the standard deduction and personal exemption.
Attracting, motivating and retaining talent is critical to an employer's short- and long- term success. This section assists HR professionals in implementing a comprehensive, integrated total rewards strategy that can help achieve those important objectives.
HR guidance on providing adoption assistance benefits to promote fairness and equity in the workplace.