Practical HR Tips, News & Advice. Updated Daily.
This topic provides guidance on how to handle compensation issues in a way that attracts and retains the best talent and advances the strategic goals of your business. You get news and tips on what’s going on nationally and in the states, and updates on changes in regulations, possible governmental action, and emerging compensation trends.
Benefits—they can be great assets to your recruiting program and boost your overall compensation package, but employers have to be ever mindful of costs. Read the results of our Perks and Insurance Survey to see how your practices compare with what other companies are doing.
I’ve been accused of too often writing about sports in this blog. I guess that’s because sports have been such a big part of my life as a participant, coach, and spectator—but also because I subscribe to the idea that sports imitate life. In sports, as in life, there is success and there is failure. […]
The 9th U.S. Circuit Court of Appeals decided that an insurance certificate was an official plan document that overrode the plan’s summary plan description. It shows that plans are vulnerable when they attempt to set out plan terms in the SPD only without corresponding language in the official plan document. For stronger plan design, the […]
Yesterday, we looked at some performance review recommendations by Alan C. Fox, the president of ACF Property Management, Inc. and the author of PEOPLE TOOLS: 54 Strategies for Building Relationships, Creating Joy, and Embracing Prosperity. Today, we present the rest of his list.
The 2015 ERISA Advisory Council plans to build on a 2013 effort by devising new draft model notices and disclosures for lump-sum pension distribution offerings to participants and retirees. Instances of pension risk transfer — often referred to as “derisking,” from the plan sponsor’s point of view — are on the rise among single-employer defined […]
Money is one reason the annual review is dreaded, notes Alan C. Fox, the president of ACF Property Management, Inc., and the author of PEOPLE TOOLS: 54 Strategies for Building Relationships, Creating Joy, and Embracing Prosperity. A second reason is that the employer needs to give the employee “constructive” criticism.
Employers know that there are legal restrictions in terms of the number of hours a nonexempt employee can work before incurring overtime pay. There are also restrictions on the hours a minor can work. And for safety reasons, there are restrictions on the number of consecutive hours medical residents and truck drivers can work.
If your managers are not already fielding requests from employees for raises and promotions, they soon may be, according to a recent Accountemps survey. An improving economy and higher demand for skilled workers means professionals are more confident in their job prospects—and they’re on the hunt for bigger paychecks and loftier titles.
Fidelity Investments told retirement plan sponsors and investment professionals in a late April notice that it had asked IRS to change or withdraw recently updated guidance on maintaining documentation for participant hardship withdrawal and plan loan requests. In a message on its website, Fidelity, one of the largest U.S. private-sector retirement plan recordkeepers and investment […]
Picture this: A manager calls his subordinates into a conference room and asks them to write down their salary and pin it to a board for everyone to see. Just the idea of this is cringe worthy …and compelling. It was, in fact, the premise of the 2012 British reality television show “Show Me Your […]