Archives

retirement

DOL Files to Delay Start of Fiduciary Rule

The U.S. Department of Labor (DOL) on February 9 filed a notice delaying the April 10 applicability date of its rule broadening the definition of a fiduciary. The move was expected after President Donald Trump on February 3 signed a memorandum requesting the agency to postpone and re-examine the rule on investment advice.

payroll

Ask the Expert: How Soon Must We Rectify Paycheck Error?

Question: We made an error on an employee’s paycheck. They were not paid for 8 hours of vacation time.  Do we need to make this payment within a certain time period of  paycheck date? Can a company have a policy that any adjustments will be reflected in the following paycheck?

You can’t lead if others aren’t willing to follow

by Dan Oswald What makes a great leader? That question has spurned endless debate and discussion for centuries. In business, we strive to identify those with strong leadership skills and put them in positions where they can lead others. I was a having a conversation about leadership with a business colleague the other day. At […]

romance

Unemployed? Dead-End Job? This App Is Not for You

Are you a single, hard-working individual who is looking for Mr. or Ms. Right who has the same work ethic or career aspirations as you do? We’ll you’re in luck! There’s a new dating app that will help you find a partner based on his or her current career.

IRS Limits Excludability of Fixed Indemnity Payments

Payments that an employer makes to an employee under a fixed indemnity health plan must be included in the employee’s taxable income, the Internal Revenue Service (IRS) recently indicated, if the plan premiums were paid by the employer or by salary reduction under a cafeteria plan.

Millennials and Workplace Mentors: Why the Search is On

Millennials are very much looking to their workplace superiors for mentorship, but studies show they’re coming up short—and that’s detrimental on personal, company, and industry-wide levels. In order to become the best leaders of tomorrow, young professionals need guidance from the best leaders of today.

New York

2nd Circuit: No Trifecta for New York Employee’s Wage and Hour Claims

Violations of the Fair Labor Standards Act (FLSA) and New York state’s Labor Law subject employers to paying employees back pay plus “liquidated” damages of an equal amount (in addition to reasonable attorneys’ fees). Recently, a question arose on whether an employee can “stack” liquidated damages under the FLSA and the Labor Law so that he scores a triple recovery: back pay and liquidated damages under the FLSA plus liquidated damages under the Labor Law.