Practical HR Tips, News & Advice. Updated Daily.
If your retirement plan committee is satisfied with the automatic enrollment policy in place but has expressed concerns about the rising cost of the employer match that a growing participant base can bring, new research may provide a window into how other employer plan sponsors are handling this dilemma. Automatically enrolling employees in company retirement […]
In a CER webinar titled “Drug and Alcohol Testing in California: Effective Strategies That Protect Your Company and Your Employees,” Marc L. Jacuzzi outlined some guidance for employers who are designing a workplace drug testing policy. The laws still have plenty of gray area, so Jacuzzi advised that be sure to consult with legal advisors […]
The U.S. Department of Labor (DOL) has published a notice of proposed rulemaking and an interpretive bulletin meant to guide states as they create Employee Retirement Income Security Act (ERISA)-compliant programs that help more workers save for retirement.
Under flexible benefit or cafeteria plans, once the plan year starts, employees are locked into their benefit elections and can’t make changes except in a few limited situations. But in a move that will be welcomed by employees, the IRS has recently announced rules that take effect immediately and greatly expand your employees’ ability to […]
by Elaine Young Employers wanting to hire foreign workers through the H-1B visa program need to be ready to file petitions with U.S. Citizenship and Immigration Services (USCIS) on April 1. U.S. businesses use the H-1B program to employ foreign workers in specialty occupations that require theoretical or technical expertise in specialized fields. The first […]
It’s time to post your Occupational Safety and Health Administration (OSHA) Form 300A, the summary of job-related injuries and illnesses that occurred last year. Unless you have 10 or fewer employees or fall within one of the industries normally excused from the Occupational Safety and Health Act’s (OSH Act) recordkeeping and posting requirements, you’re required […]
Yesterday’s Leadership Daily Advisor looked at new proof of the growing impact of Hispanic Millennials on the workforce. Today we offer three more ways to prepare your company for success in meeting its diverse needs.
The first of what is expected to be a series of interest rate increases by the U.S. Federal Reserve on Dec. 16 should start to help defined benefit retirement plans recover from years of underfunding, Moody’s Investor Service said in a report Dec. 14. Pension funding levels for about 670 rated U.S. non-financial corporate pension […]
In a recent post, we discussed an economic letter written for the Federal Reserve Bank of San Francisco (FRBSF) in which it argued that the gap between U.S. and Canadian policies and structures around support for women working while raising children is the primary contributor to a large gap between the labor participation rate for prime-age women, costing […]