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Amid historically low interest rates, the U.S. 7th Circuit Court of Appeals’ recent affirmation of a retirement plan’s choice of discount rate for converting annuities into lump-sum payments to beneficiaries should reassure defined benefit plan sponsors facing similar challenges. In Dennison v. MONY Life Retirement Income Security Plan (No. 12-2407, 7th Cir., March 6, 2013), […]
Employers must make accommodations to allow employees with disabilities to participate in their wellness programs, the U.S. Equal Employment Opportunity Commission said in a recently released informal discussion letter. The letter was written in response to an employer’s question about a special program for employees with diabetes. The employer wanted to waive its annual health […]
“Trainers need to prepare themselves to facilitate and to engage with an audience they don’t see,” says Cindy Huggett, training consultant and author of Virtual Training Basics (www.cindyhuggett.com). First, trainers need to “learn the platform—in and out. Know every button,” she recommends. Second, be well versed in the technology, test the technology in advance, and […]
DiMisa, who is senior vice president, Sales Force Effectiveness at Sibson Consulting, outlined eight design challenges during a recent webinar sponsored by BLR® and HR Hero®. ROI #1. Reduction in Compensation Cost of Sales through Improved Plan Design and Measurement Reducing total incentive compensation costs through improvements in design and planning can yield a near-term […]
Knowing what types of immigration forms can be accepted for non-U.S.-residents is a very important issue for employers handling I-9 forms. Each category (in terms of immigration status) has its own set of rules and restrictions, so it’s crucial for employers to have a complete understanding of the verification process to ensure their workforce is […]
by Dan Oswald If you’re like many, you have been watching the NCAA basketball tournament. And if you’re one of the lucky few, you might be on top of the leader board in your office pool or your team might be one of the Final Four. What makes watching the tournament fun for me, in […]
Yesterday’s Advisor covered EEOC’s (allegedly egregious) discrimination case against Mavis Tire—1,300 hired, no women. Today, how you can find out about discrimination in your company. We expect discrimination these days to be a little less blatant than the EEOC thinks it found at Mavis. You don’t really need an internal audit to tell you that […]
As the federal minimum wage debate heats up, the real challenge for employers could be at the state level, if a dozen pending measures to increase state minimum wages gain traction. The proposals share DNA with federal measures being pushed by President Obama and congressional Democrats — to raise the minimum wages and in many […]
When making the move to virtual training, “we, as trainers, often get caught up with what we need to do to prepare,” says Cindy Huggett, training consultant and author of Virtual Training Basics (www.cindyhuggett.com). However, it is important to keep in mind that, while virtual training is a new way for trainers to train, it […]
You have to lower incentive payments to poor performers to liberate funds to give bigger rewards to your top performers, says DiMisa. Rewarding performance is the first of his incentive design challenges for 2013. DiMisa, who is senior vice president, Sales Force Effectiveness at Sibson Consulting, outlined eight design challenges during a recent webinar sponsored […]