Practical HR Tips, News & Advice. Updated Daily.
In employee benefits and retirement planning, we often focus on 401(k)s and other long-term savings vehicles. However, a critical piece of the financial security puzzle is often overlooked: emergency savings. For HR and benefits professionals, understanding the importance of emergency savings accounts (ESAs) is crucial to developing comprehensive financial wellness programs that truly serve employees. […]
It’s not breaking news. Sitting all day at work can take a toll on your health. One study tracked the health of 123,000 Americans between 1992 and 2006 and found that men and women who sat 6 hours or more per day had a much higher overall death rate (overall death rate was around 20 […]
Employers tout the importance of an engaged workforce—a place where employees are devoted, eager, interested in their jobs and happy to boot. But how much of a payoff does a nominally engaged workforce provide? Can an engaged workforce still be steeped in drama that holds an organization back? Nicole Price, vice president of training for […]
The U.S. Department of Labor (DOL) has filed a lawsuit against the fiduciaries of a Virginia-based employee stock ownership plan (ESOP), alleging the defendants failed to protect the assets of the plan as it purchased nearly $21 million in company shares from the president of Sentry Equipment Erectors Inc., who was also a trustee of […]
One court recently decided that an employer can be held liable for harassment from customers. The court in this case concluded that “an employer is liable under Title VII [of the Civil Rights Act of 1964] for third parties creating a hostile work environment if the employer knew or should have known of the harassment […]
Implicit bias is difficult to combat. The primary challenge is that people harboring implicit bias—also referred to as unconscious bias—are by definition unaware that they have such biases.
Effective leadership is essential for any organization, and companies pay top dollar to recruit strong leaders. Many companies also spend a lot of money on leadership training; however, this is somewhat controversial. Many skeptics question whether leadership can actually be taught or whether good leaders are simply born with an innate ability to lead.
Yesterday we explored how hiring and pay discrimination is a major focus for the Office of Federal Contract Compliance Programs (OFCCP). Today, we’ll learn what it means. By Susan Schoenfeld Lessons Learned In addition to highlighting OFCCP’s concentrated focus on systemic hiring and compensation issues, these recent cases (check out yesterday’s Advisor to learn about […]
Most defined contribution retirement plan participants who are reenrolled in a plan’s default fund remain in that investment a year later, with only a few partially opting out, a recent Vanguard case study of reenrollment found.
By David I. Buckman An effective strategic planning process can be a transformative moment in the life of a company. If not conducted carefully and intelligently, the results may send the organization down the wrong path, wasting resources and imperiling its future. However, when successful, an effective strategic plan can be a positive force that […]