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A SIMPLE IRA Plan Savings Incentive Match Plan for Employees of Small Employers allows employees and employers to contribute to individual employee retirement accounts. As the name implies, it’s a simplified plan geared toward small employers, which means it’s relatively easy to set up and operate, with lower administrative costs than for more complicated types […]
The U.S. Supreme Court has just handed employers one more reason to keep quiet when asked to give a job reference for a former employee. Charles Robinson sued Shell Oil Co. for race discrimination after he was fired. Later, when Shell gave him a negative reference, he filed a second lawsuit charging that the bad […]
Before each term, the U.S. Supreme Court identifies the cases it will hear in that term. While the Court has identified only three cases directly involving claims under various federal labor and employment statutes, in an additional four cases, the Court’s decisions are likely to have a significant effect on the rights and practices of […]
Announced in a press release, ManpowerGroup has released its latest Employment Outlook Survey. The survey indicates stable hiring plans among U.S. employers for the second quarter (Q2) of 2016. Taking into account seasonal variations, the Net Employment Outlook* is +16%, making anticipated hiring in Q2 2016 relatively stable compared to the first quarter of 2016 […]
The rules on when you can legally dock exempt employees’ pay are complex, and it’s easy to make mistakes. For example, if you dock when you shouldn’t, the person could be considered an hourly worker entitled to back overtime. However, under a special federal provision known as the “window of correction” rule, you may be […]
The following is a list of the bestselling hardcover business books as ranked by the New York Times on September 21. 1. Outliers: The Story of Success by Malcolm Gladwell. hy some people succeed — it has to do with luck and opportunities as well as talent — from the author of Blink: The Power […]
Last week, the U.S. House of Representatives approved a bill — the Employee Free Choice Act — that would make it easier for employees to form unions. The measure was approved by a vote of 241-185.
When devising a strategy on how to retain employees, one of the first considerations is top talent management. A recent survey by Manpower’s Right Management group found that more than 50 percent of U.S. employers are already having a tough time filling mission critical positions. That’s an increase of 14 percent from 2010. This underscores […]
By Megan E. Snyder The U.S. Supreme Court recently handed down a decision in Wal-Mart Stores, Inc. v. Dukes, a landmark case involving 1.5 million female current and former Wal-Mart employees who attempted to challenge the retail giant’s employment practices. Essentially, the women complained that local stores have too much discretion in making decisions about […]
The percentage of 401(k) plan participants borrowing from their retirement accounts has remained steady amid record levels of savings in the accounts, but one data point from Fidelity Investments’ latest quarterly analysis of the thousands of accounts it manages could be cause for concern. According to the retirement plan administrator for 13.5 million 401(k) participants, […]