Author: Jane Meacham, Contributing Editor

DOL Fiduciary Proposal: Best-interest Broker Contract Planned

The U.S. Department of Labor on April 14 previewed proposed changes to the 40-year-old definition of “fiduciary” that the agency says will increase consumer protection for those seeking advice on retirement investments and 401(k) rollovers. The long-awaited changes will include a new contract for broker-dealers to sign that pledges they will “formally commit to their […]

Make Your Compensation Work Across Generations

In yesterday’s Advisor, we looked at the first two of Payscale’s five compensation tips for workers at all stages of their careers, referencing their report, Compensation Challenges for a Multi-Generational Workforce. Today, we’ll take a look at the rest of the list.

Salary Negotiation Tips for Employers

When it comes to hiring new employees, reaching an agreement on an appropriate salary can be a sticking point. Employers often have a range in mind, and they must balance the need to stay within a tight budget with the need to hire the best fit for the job.

Onboarding = Step 1 in Retention Program

Onboarding is important for assimilation and productivity, but it’s also your first opportunity to boost retention. ‘There’s Nothing I Can Do’ Many managers have the attitude, “I wish management would do something about retention.” That’s the first thing to correct—it’s every manager’s and supervisor’s job to work on retention. They should realize that it’s for […]

Customizing Compensation for the Aging (?!) Millennials

While quite a few employers continue to think of Millennials as the “young whippersnappers” of the office, the oldest among them are now 35. This may come as a bit of a shock—not to mention the issue of how old this may make some of us feel. However, this means Millennials are now quickly moving […]

The Key Elements of a Profit-Sharing Plan

Yesterday, John Rubino of Rubino Consulting Services explained some of the background on profit-sharing plans, the 3 steps to establishing a deferred plan, and 4 of the steps involved in executing it. Today, we present the remaining 5 execution steps.