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Many retirement plan sponsors and administrators are cheering the phase-in of reduced funding requirements that tie future company contributions to a 25-year average interest rate. Nonetheless, some experts predict that the changes may encourage investors in these plans to think less about hedging risk. A report Towers Watson issued, “The Implications of Funding Relief: What […]
An $850,000 settlement was recently announced between United Airlines and the San Francisco office of the Equal Employment Opportunity Commission (EEOC), the proceeds of which will be paid out to a class of United’s disabled employees. The settlement resolves a case filed by the EEOC alleging that United’s overtime policies disproportionately denied disabled employees opportunities […]
Lawsuits are down, but judgments are up. Training is the answer. This fall marks 20 years since the term “sexual harassment” entered the American lexicon in a big way. Americans came to know it through the testimony of Anita Hill, as she complained about alleged unwelcome advances from her ex-boss, now-Supreme Court Justice Clarence Thomas, […]
The following is a list of the bestselling paperback business books as ranked by the New York Times on October 13. 1. The World Is Flat 3.0: A Brief History of the Twenty-first Century by Thomas L. Friedman. A columnisView this Postt for the New York Times analyzes 21st-century economics and foreign policy and presents […]
The growing economy and low unemployment rate have created an unfortunate side effect for many organizations—increasing employee turnover. In July, 3.58 million Americans quit their jobs, the largest percentage in 17 years, according to Labor Department data. The proportion of workers quitting their jobs, known as the quit rate, reached 2.4%.
The federal government’s Thrift Savings Plan, a 401(k)-type program previously available only to federal civil service and postal workers, will now be open to uniformed members of the armed services while on active duty and to reservists while on military-pay status. A special enrollment period runs through Jan. 31. More information is available at the TSP […]
by Kate McNeill of McCarthy Tetrault and Brian P. Smeenk formerly with McCarthy Tetrault Canada’s federal parliament has passed a law to protect workers when their employers become insolvent A key component of Bill C-12, passed December 14, 2007, is the creation of the Wage Earner Protection Program (WEPP). The WEPP provides statutory wage protection […]
The Equal Employment Opportunity Commission (EEOC) has released a draft of its Strategic Enforcement Plan (SEP) that spells out priorities such as stepped-up efforts against hiring discrimination and harassment, new protections for various vulnerable workers, preserving access to the legal system, and dealing with emerging issues like changes brought by the ADA Amendments Act. Recruitment […]
Special from Atlanta–SHRM Annual Conference and Exhibition If your C-Suite suits won’t pay attention when you talk about your compensation program, says Payscale, Inc.’s Stacey Carroll, M.B.A., CCP, SPHR, you’re talking about compensation the wrong way. Carroll talks of one CEO who was frustrated about compensation. He had his 12 top people that he wanted […]
A lawyer fired from a government job soon after moving from Orange County to Santa Clara County was barred from suing his new employer for inducing him to relocate under false pretenses. Ordinarily, it’s illegal in California to misrepresent employment terms to persuade someone to move to take a job in a different locality. In […]