©SHRM 2015

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©SHRM 2014

What’s New at SHRM: Q1 2015

Bhavna Dave, PHRDirector of Talent

SHRM member since 2005

©SHRM 2015

New OSHA Reporting Requirements Took Effect Jan. 1, 2015

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• Employers will still report all fatalities to OSHA within eight hours, but will also have to report each work-related inpatient hospitalization, as well as amputations and losses of an eye, to OSHA within 24 hours.

• The reporting regulations affect all employers covered by OSHA, even those who are partially exempt from maintaining injury and illness records.

Three options for reporting incidents:• By telephone to the nearest OSHA Area Office during normal

business hours.• By telephone to the 24-hour OSHA hotline (1-800-321-OSHA or 1-

800-321-6742).• Electronically, via a web portal which is not yet available.

©SHRM 2015

Income Subject to FICA Payroll Tax Increases in 2015Earnings up to $118,500 hit by Social Security FICA tax; revise payroll systems by Jan. 1

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By Jan. 1, U.S. employers should have:• Adjusted their payroll systems to account for the higher taxable maximum under the

Social Security portion of FICA.• Notified affected employees that more of their paychecks will be subject to FICA.• Withholding Rates UnchangedFor 2015:• The portion of the Social Security FICA tax that employees pay remains unchanged at

the 6.2% withholding rate up to the taxable maximum.• Correspondingly, the portion of the tax that employers cover also remains at 6.2% of

employee wages up to the taxable maximum.• This amounts to a total Social Security FICA tax of 12.4%, paid on income up to

$118,500.• For more info: www.shrm.org/hrdisciplines/compensation/articles/pages/fica-social-

security-tax-2015.aspx

©SHRM 2015

For 2015, FSA Contribution Limit Rises to $2,550Adoption benefit limits, PCORI fees, among other adjustments

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• The annual dollar limit on employee contributions to employer-sponsored health care FSAs rises to $2,550 in 2015, up from $2,500 in 2014.

• The annual limit for dependent care FSAs or dependent care assistance plans (DCAPs) will remain at $5,000 for qualifying individuals and those who are married and file a joint return, and will remain at $2,500 for those who are married and file separate returns.

• The monthly limit for qualified transportation benefits for 2015 revert to $130/month for transit passes and $250/month for qualified parking.

• The available adoption credit for 2015 begins to phase out for taxpayers with modified adjusted gross income in excess of $201,010 and is completely phased out for taxpayers with modified adjusted gross income of $241,010 or more.

• For more info: www.shrm.org/hrdisciplines/benefits/articles/pages/fsa-contribution-limit-2015.aspx

©SHRM 2015

SHRM’s New Competency Certification• SHRM Certified Professional (SHRM-CP) and SHRM Senior Certified

Professional (SHRM-SCP) are based on a single, comprehensive Body of Competency and Knowledge (BoCK) and are relevant worldwide, giving professionals the recognition and flexibility to use their knowledge, skills, and competencies anywhere their career takes them.

• SHRM-CP and SHRM-SCP test HR knowledge as well as competencies and their application to ensure the professional’s ability to demonstrate what they know, and what they can do with their knowledge in the variety of situations they encounter.

• Using a global definition of HR experience for exam eligibility, one that is not based on exempt- or non-exempt status

• Questions? http://shrmcertification.org

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©SHRM 2015

Prepare for Winter WeatherResources such as:

•Protect Against Winter Weather Hazards, Storm Threats •Winter Weather Advisory: Work Safely in the Snow•Disaster Prep and Response Resource Page•Reporting-Time Pay: A Wage & Hour Winter Wonderland•Winter Wellness Woes: A Flurry of Disability Claims

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©SHRM 2015

New Post-Election Overview

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www.shrm.org/Advocacy/Documents/SHRM%20Post-Election%2011-21-2014.pdf

©SHRM 2015

Expert HR Advisors: Ask Us Anything!• Contact the HR Knowledge Center at

– 1-800-283-7476, option 5

SHRM » HR Answers » Ask an HR Advisor

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©SHRM 2015

SHRM Certification Preparation• SHRM Learning System is the #1 study tool• Determine your current knowledge and identify areas for improvement. The

results are weighted against topics on the SHRM-CP and SHRM-SCP certification exams to help you determine your strengths and where you need to improve in each of the five modules.

• The five learning modules are available in print and e-reader format.• Test your situational judgment, knowledge and comprehension with more

than 1,000 questions.• Online or printed flashcards reinforce your memory of key terms and

concepts.

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©SHRM 2015

Upcoming SHRM Conferences

LAW & LEGISLATIVE CONFERENCEMarch 23-25, 2015; Washington, D.C.

TALENT MANAGEMENT CONFERENCE & EXPOSITIONApril 27-29, 2015; San Diego, CA

ANNUAL CONFERENCE & EXPOSITIONJune 28 - July 1, 2015; Las Vegas, NVKeynote speakers: Dr. Oz, Sheryl Sandberg,Marcus Buckingham

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©SHRM 2015©SHRM 2014

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We’ve run the numbers for you:HR Magazine $70

Reading 3 of the more than 50 research reports $299.85

Participation in 12 webcasts from other organizations $1,500

Savings by not having to pay some consultant fees Your estimate

Full access to SHRM sample forms, policies, how-to guides and presentations

$300

SHRM Membership Value = $2169.85 or higher

You Pay Only $190 for 1 year full professional membership