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EBSA Releases Final Rule on Fee Disclosures (extends effective date to July 1)

The U.S. Department of Labor (DOL)’s Employee Benefits Security Administration (EBSA) issued the final rule for pension and 401(k) plan fee disclosures on Feb. 2. The announcement was jointly made with the U.S. Department of Treasury, which issued a proposal at the same time to reduce regulatory burdens on retirement incomes. Secretary of Labor Hilda […]

HRHero 2012 Health Insurance Benefits Survey Results

Nearly 65 percent of respondents to a recent HRHero survey on health insurance benefits said they expect their health insurance costs to rise because of health care reform. Half of respondents said they were not sure if their organizations would eliminate health care plans in 2014, when it may be easier for workers to get […]

10 Keys to Market Pricing

In today’s Advisor, Rizzuti, who is a principal at PHR Compensation Resources, Inc. in Upper Saddle River, NJ, shares her 10 keys for effective market pricing. 1. Collect Good Job Information Ensure that job descriptions accurately portray the job duties and responsibilities. Many jobs have changed in the past few years. Pay special attention to […]

Reemployment Rights of Returning Vets: What You Need to Know

Basically, you must reemploy a service member returning from military duty if he or she meets five criteria: The employee must have held a civilian job He or she must have given you proper notice of the impending military service, unless notice was unreasonable or impossible The cumulative period of service must not have exceeded […]

How To Effectively Manage Base Compensation with Pay Grades

In today’s Advisor, Rizzuti, who is a principal at PHR Compensation Resources, Inc. in Upper Saddle River, NJ, shares her tips for managing base pay in low budget times. Here are the current compensation mindset issues we’re seeing, says Rizzuti: Coming out of it. All of us have been dealing with a difficult environment, Rizzuti […]

No Kidding: Labor to Revise Its Proposal Restricting Child Labor on Farms

The Labor Department, in response to strong opposition from farm families, is revising its proposed rule restricting child labor on farms. As part of a package of child labor reforms unveiled Sept. 2, 2011, Labor proposed narrowing the so-called parental exemption that allows children of any age who are employed by their parent, or a […]

Penn State and Paterno: Loyalty Unchecked Leads to Headaches and Heartache

Legendary college football coach Joe Paterno died recently after a battle with lung cancer. But by many accounts, some people who knew him well say the 85-year-old died of a broken heart. I think Joe Paterno’s career at Penn State University is worth closer examination because there are lessons for employers and employees alike, says […]

School for Scandal: Hearst Corp. Latest Company to Be Sued by an Unpaid Intern

By Liza Casabona Thinking that an unpaid intern might provide an answer to payroll your budget woes? Think again. Several recent, high profile lawsuits filed by interns underscore the risks faced by companies sponsoring unpaid internships. The Hearst Corp. is among the latest companies to be accused by interns of wage and hour violations. The […]