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Reform to Reduce Health as a Recruitment, Retention Tool

Workers’ enhanced ability under reform to get insurance apart from their employer reduces the importance of health insurance as a means to recruit, compensate and retain workers, a June 2011 study concludes. Researchers at McKinsey Quarterly also predicted that as many as 30 percent of employers could stop providing benefits to workers after health reform […]

Romney: Dodd-Frank Act a ‘Boon’ to Big Banks

Retirement plans’ fortunes are tied to the financial markets — and how the federal government regulates them — and there has been no bigger development in that arena than the Dodd-Frank Wall Street Reform Act of 2010. The law made news Oct. 3, when presidential candidate Mitt Romney criticized Dodd-Frank’s “too big to fail” provision, […]

IRS to Rewrite ‘Minimum Value’ ACA Rules to Include Coverage for Hospitals, Doctors

The IRS is asking the public for input into a rule that will determine when an employer-sponsored health plan is offering “substantial coverage” of inpatient hospital and physician services. This will be part of new rules defining minimum value in employer-sponsored health coverage. Employer-sponsored coverage must meet two tests to comply with the employer mandate: […]

Democrats Drop EFCA Card-Check Provision

Democrats have reportedly agreed to drop the card-check provision of the controversial Employee Free Choice Act (EFCA). The card-check provision would have made it much easier for employees to form labor unions by allowing a majority of employees to unionize by signing card-check petitions. Under this provision, employers would no longer have been able to […]

Half of diversity managers too busy to do the job

One hundred percent of the 80 large law firms that participated in a recent survey report having a diversity committee. That number is up from 96 percent from last year’s Altman Weil Flash Survey — and it’s not the only indication that law firms are increasingly committed to diversity efforts. For instance, 58 percent say […]

First Circuit Serves Up Employer-Friendly Ruling; FLSA Admin. Exemption Does Not Cater to Banquet Employees

Banquet sales managers do qualify for the administrative exemption under the Fair Labor Standards Act — meaning no overtime is on the menu. So says the 1st U.S. Circuit Court of Appeals in Hines v. State Room, Inc. Plaintiffs in the case are former employees of banquet facilities that “host high-end wedding receptions and other […]