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IRS Finds High Percentage of Errors on W-2 Reporting of 401(k) Elective Deferrals

Many employers that sponsor 401(k) retirement plans make mistakes in the way they report elective deferrals on Form W-2, the federal tax agency’s Wage and Tax Statement sent to employees. IRS on Feb. 13 said on its website that its Employee Plans Compliance Unit sampled filings from employers that provided Forms W-2 and found 75 […]

Illinois court makes noncompete agreements harder to enforce

by Steven L. Brenneman In a decision handed down June 24, the Illinois Appellate Court, First District, found a restrictive covenant unenforceable because of a lack of adequate consideration (something given in return for the employee’s agreement not to compete). The court ruled there must be at least two years of continued employment to constitute […]

GM

Automation Could Ultimately Create More Jobs than It Destroys

As technology continues to improve the way we work and live, it’s understandable to think that these “machines” will one day take over. However, unlike the Hollywood blockbuster movies would have you believe, machines aren’t taking over. In fact, automation is expected to double the number of open positions over the next decade.

Phantom ownership: How to use phantom units to incentivize star employees

Businesses often face the challenge of attracting and retaining star employees. It can be tempting to offer star employees ownership in the business to prevent the hardship of losing star employees after investing time, money, and resources into training and onboarding. The main drawback of offering ownership is potentially relinquishing some control in the business. […]

A Rise in Employers Facing AI Uncertainty

Global job markets are in the throes of strong winds of change, from the parabolic rise of AI technologies to a growing reckoning with the costs of higher education. In the short term, hiring practices have been among the workplace domains most destabilized, causing many to wonder what employee characteristics matter most in an increasingly […]

Developing a PIP that will make employees comeback heroes—Tom Brady style

I’m sure you all watched or heard about the Super Bowl on Sunday night: Despite the fact that his team was trailing by 25 points, Patriots quarterback Tom Brady led New England on the greatest comeback in Super Bowl history. Brady’s season began with a four-game suspension for his involvement in the “deflategate” scandal and […]

Political Speech at Work: Consider the NLRA, Minimize Friction

By John Balitis In yesterday’s Advisor, John Balitis, chair of the Employment and Labor Relations Practice Group at Fennemore Craig, began a discussion of how employers should approach political speech in the workplace. Today Balitis discusses more considerations under the National Labor Relations Act (NLRA) and how to minimize friction between employees in a volatile […]

HR Query: What Soccer Teaches About Leadership

Joan Peterson is passionate about three things: the work she does, her family, and soccer. How do those three things interconnect? Peterson explains it all when I sat down to talk with her about her passions and how they inform her approach to leadership development. Joan Peterson is the Vice President, Master Facilitator and Leadership […]