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An Alameda County jury has awarded $1.27 million to an African-American BART (Bay Area Rapid Transit) train mechanic who claimed his superiors retaliated against him after he complained about harassment by a co-worker.
As an employer of choice, you take time and effort to help your employees face the challenges that inevitably come along. Even (or maybe especially) for those who have diligently saved for retirement and kept themselves healthy to minimize their healthcare costs, there is one more danger lurking in the shadows: The cost of long-term […]
The U.S. Department of Labor’s Pension and Welfare Benefits Administration has changed its name to the Employee Benefits Security Administration, or EBSA. The EBSA will assume the former PWBA’s responsibilities of administering private-sector retirement, health, and other employer-based benefit programs. Visit the EBSA’s website.
Amazon.com updates its list of the bestselling books every hour. Here is a snapshot of what is hot right now, this Monday morning, March 7, in the “Business Life” section of the “Business and Investing” category. 1. The Rules of Work, Expanded Edition: A Definitive Code for Personal Success (Richard Templar’s Rules) by Richard Templar. […]
A new U.S. Department of Labor (DOL) regulation protects fiduciaries when selecting and investing employee assets in qualified default investment alternatives (QDIAs) for 401(k) plans. The rule, effective Dec. 24, 2007, expands the relief provided to plan fiduciaries under the federal Employee Retirement Income Security Act (ERISA) and should be particularly valuable to fiduciaries of […]
Nearly 75% of minimum-wage paying firms in the United States say they would reduce current or future employment if the minimum wage is raised to $15 per hour, according to a recent survey of senior finance executives. The Duke University/CFO Global Business Outlook survey has been conducted each quarter for two decades. The latest survey […]
In yesterday’s Advisor, attorney Edward M. Richters offered some salient truths about going to court. Today, how a typical court appearance might go, and an introduction to the best approach for making sure your managers aren’t begging for a lawsuit. Richters’s comments came at a workplace law symposium sponsored by national employment law firm Jackson […]
The medical cases that are bad news to self-funded plans are also bad news to stop-loss insurers. So the latest report by stop-loss insurer Sun Life Financial on the top 10 catastrophic health conditions it sees is instructive for self-funded plans. Two categories of cancer, end-stage renal disease and two categories complications related to newborns […]
The California Department of Fair Employment and Housing (DFEH) recently issued a decision that reads like a “what not to do” in response to employee complaints.
The Ninth Circuit Court of Appeals has affirmed a $3.1 million verdict, including a $2.6 million punitive damage award, for an executive who claimed he was discriminated against and fired because of his Chinese nationality and ethnicity. Wei Zhang, who before coming to the United States was a business and economics professor in China, was […]