What Are the Benefits of Offering an ESOP?
Nearly all of us have at least heard of Employee Stock Ownership Plans—also known as ESOPs—but far fewer are sure exactly how they work and why organizations would want to offer them.
Nearly all of us have at least heard of Employee Stock Ownership Plans—also known as ESOPs—but far fewer are sure exactly how they work and why organizations would want to offer them.
In these tough economic times, mandatory furloughs may be an attractive alternative for many employers. However, while furloughs don’t create many of the risks of termination, there are legal pitfalls to avoid. Law firm Littler Mendelson P.C.’s blog Insight offers advice for employers contemplating furloughs. Littler attorneys Alison S. Hightower, Eric C. Bellafronto, Barry Y. […]
In the Johnny Depp movie Charlie and the Chocolate Factory, Charlie Bucket’s father works in a toothpaste factory but is quickly replaced by robots that can do his job—screwing toothpaste caps onto tubes of toothpaste—at a fraction of the speed. Spoiler alert: At the end of the movie, Bucket’s father lands a job repairing the […]
One study conducted by J. Ryan Lamare, a professor of labor and employment relations at the University of Illinois, revealed that an employee’s workplace environment has a direct correlation to how he or she interacts with the greater society and whether he or she becomes civically engaged.
The U.S. Department of Labor (DOL) recently issued new forms you can use to meet the notice and certification requirements of the Family and Medical Leave Act (FMLA). Here are six good reasons to use the new forms.
When it comes to employee development, the modern organization is turning more and more often to coaching. What was once only considered a privilege for organizational leaders is now proliferating through all levels of companies, and we expect that growth momentum to continue. In fact, our recently published “Business Trends in Coaching 2023” survey of […]
Pennsylvania’s new medical marijuana statute has taken effect, and dispensaries are open. The law contains a specific caveat barring employers from “discriminating” against employees who use medical marijuana with a legal state certificate. Pennsylvania employers will now join others in a growing number of states learning how to handle employees who test positive for medical […]
Negative news stories about Nike’s negative corporate culture have been plaguing the sporting goods company recently. This includes allegations of widespread sexism and suggests a culture that needs repair and a brand that requires damage control.
Many leaders believe they must have all the answers—that it’s their responsibility to have the answer to every question and the solution to every problem. In my estimation, it’s more important to ask the right questions than it is to always have the answer.
Halloween is tomorrow, and we are flashing back to a Halloween-themed episode from one of my favorite shows: The Office. While the episode is aptly named “Halloween” (because it takes place on October 31 and the day of the office Halloween party), it could have easily been entitled “Grim Reaper” because this episode follows Michael […]