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Wells Fargo Finds More Older Workers Took 401(k) Plan Loans in 4Q

Although many 401(k) plans offer participants loans, a statistic that plan sponsors don’t want to see is the number and size of those loans increasing. But some of them are seeing just that, according to Wells Fargo. A recent study by the banking company of fourth-quarter 2012 activity at the defined contribution plans it administers […]

Broad Drug Testing Policies Approved by Arbitrator

By Brian P. Smeenk Drug and alcohol testing has long been a sensitive subject in Canada, especially in safety-sensitive workplaces. A recent 128-page arbitration decision by a leading Canadian arbitrator may have put to rest many of the remaining questions about what kinds of policies will be enforceable in Canada and what they should contain. […]

Know What Your Employees Want to Get Them in the Door

Attracting and keeping talented employees is incredibly important and often very difficult. In a post-industrial society, businesses run more and more on people and less and less on nonhuman capital like factories, vehicles, and machinery. At the same time, with historically low unemployment rates, employees have added flexibility to be picky when it comes to […]

Ask the Expert: Is it better to keep personnel files in a central location or on-site locally?

October 4, 2010 This is really a matter of company policy. Many companies maintain an official personnel file with copies of resumes, applications, offer letters, performance appraisals, training records, salary increases, etc. In addition, the official file should contain any contract or written agreement between the employee and the employer (such as a noncompete agreement), […]

Who’s Entitled To Overtime: New Case Examines Which Administrative Employees Must Be Paid Overtime; A Compliance Checklist

Figuring out who’s exempt from the overtime rules and who isn’t can be very complicated. Impressive titles and salaries don’t count. Only the employee’s actual job duties matter. And of the four main exemptions-managerial, administrative, professional and sales-the administrative exemption is the least clear-cut. In fact, employers continue to reel from an epidemic of multi-million […]

News Notes: Cirque Du Soleil Settles HIV Discrimination Charge

The EEOC announced that international entertainment troupe Cirque du Soleil will pay $600,000 to settle a charge that it fired aerial gymnast Matthew Cusick for being HIV-positive, in violation of the Americans with Disabilities Act. The company claimed it believed his condition posed a direct threat to other performers, but the EEOC argued the decision […]

Hot List: Bestselling “Business Life” books on Amazon.com

Amazon.com updates its list of the bestselling books every hour. Here is a snapshot of what is hot right now, this Monday morning, September 13, in the “Business Life” section of the “Business and Investing” category. 1. Winners Never Cheat: Even in Difficult Times, New and Expanded Edition by Jon M. Huntsman and Glenn Beck. […]

Must-Know Facts about Employment Contracts in Canada

McCarthy Tetrault Q. When does an employer have an employment contract with its employees? A. Every employer in Canada has an employment contract, whether written or unwritten, with each of its nonunion employees. Sometimes, only some of the terms are in writing. When necessary, courts will imply reasonable terms in the absence of any express […]

Hot List: Wall Street Journal’s Bestselling Hardcover Business Books

The following is a list of the bestselling hardcover business books as ranked by the Wall Street Journal with data from Nielsen BookScan. 1. StrengthsFinder 2.0: A New and Upgraded Edition of the Online Test from Gallup’s Now, Discover Your Strengths by Tom Rath. Are you unsure where your true talents lie? Do you feel […]