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Make Sure Your Payroll Practices Are Compliant

The U.S. Department of Labor (DOL) estimates that almost 70 percent of employers aren’t in compliance with the Fair Labor Standards Act (FLSA). Lawyers who represent employees are well aware that most employers aren’t compliant, as evidenced by a significant increase in FLSA claims. In fact, wage and hour claims, including collective actions, have increased […]

Looking to Hire Veterans? Knock Down Barriers Hiding in Recruiting Practices

With Memorial Day coming up at the end of May, thoughts turn to honoring those who sacrificed their lives in military service. But it’s also a time to recognize the value former military servicemembers can bring to the civilian workforce. That starts with making sure traditional recruiting practices don’t present barriers to jobseekers coming from […]

Fears of Increased ‘Leakage’ Drive Efforts to Insure, Toughen Retirement Plan Borrowing

Concerns are mounting in the United States about the increase in retirement plan “leakage” — hardship early withdrawals and loans being taken against such plans during tough economic times. As more Americans deplete their retirement savings to meet emergency expenses resulting from long-term unemployment, tightened credit or high medical expenses, policy makers are seeking ways […]

Workforce Challenges Impact Growth at Middle Market Companies

Nearly four out of 10 middle market executives say a lack of talent constrains their company’s ability to grow, according to “Help Wanted,” a report by the National Center for the Middle Market (NCMM), in conjunction with the Brookings Institution’s Metropolitan Policy Program.

LinkedIn and the Power of ‘I’m Concerned’

In previous eras, certain factors of production have held relatively greater importance than others when it comes to contribution to a company’s success.

TRICARE Suffers Texas-sized Data Breach

Stop me if you’ve heard this one — a car is burglarized, and hardware goes missing that turns out to have sensitive personal data on thousands of beneficiaries, employees, patients and customers. Same old story — but in the millions this time. Medical information on nearly 5 million military clinic and hospital patients was on backup […]

QLACs ‘Pension-ize’ Defined Contribution Plans

Qualifying lifetime annuity contracts in July 2014 became another option for defined contribution plan sponsors to offer to assist with retirement income security when the U.S. Treasury Department and IRS issued final regulations allowing them. Now, plan sponsors and participants near retirement age face some confusing choices when considering whether QLACs are right for their […]