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14 Reasons You Should Have a Succession Plan

Having a contingency plan for when one or more of your employees leave the company can be the difference between a smooth transition and a lengthy, costly process. Today we’ll discuss the most compelling reasons you should have succession planning at your company. Does your business have a formal succession plan in place for any […]

Using Real Market Returns for Interest Crediting Reduces Cash Balance Plans’ Volatility, Study Finds

A shift to using real market returns for interest crediting in defined benefit (DB) plans’ cash balance (CB) features is lessening volatility and making the supplementary retirement accounts more appealing to plan sponsors—especially because this type of formula is more responsive to changing market conditions, according to a recent study.

Another Court Case that Hinged on a Training Program

When a painting company got a contract to paint a highway bridge, scaffolds were suspended from the bridge. And because employees would be working 30 feet above the ground, use of fall protection in the form of a personal fall arrest system secured directly to the bridge was required and issued to each scaffold worker. […]

Pay It Forward: Turning Pay Equity into a Reality

Think back to the beginning of the pandemic. Parents took on roles as teachers, caretakers, and much more in addition to their full-time jobs. Furthermore, countless articles suggest that women took on the bulk of those responsibilities, and, despite the additional duties in and out of the home, industry data still indicates that women earn […]

Can We Hire a Foreign Exchange Student as an Intern?

We are an accounting firm that frequently hires area college students to intern for short periods throughout the year. We recently received a few outstanding applications from foreign students attending the local college.  Can we hire foreign students as interns? The short answer is that yes, foreign students are eligible for paid employment off campus, […]

Managing performance: 3 radical ideas

by Michael P. Maslanka There are old and accepted ways of doing things, and there are new and bold ways. It’s your choice.  Are you thinking of changing your performance evaluation system? Are you tired of the meaningless nuance between a 3.5 and a 4.0 rating? Then pick up a copy of the April issue […]

Are Your ‘Transformational’ Leaders Making Everybody Sick?

There are many different leadership styles, but some are less effective—or even more detrimental—than others. So-called “transformational leaders” sometimes pressure their reports to tough it out and come to work when they’re sick, and according to new research, this may actually harm their employees’ health over time.