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When RJR Nabisco decided to terminate an overfunded pension program, it purchased an annuity from an insurance company to cover its obligations to beneficiaries and plan participants. RJR then sold the pension fund’s assets, netting RJR more than $43 million. But the insurance company it chose to issue the annuity, Executive Life Insurance Company of […]
By Rajeev Behera, CEO of Reflektive Gone are the days when “job hopping” placed a big red flag on a résumé. Today, young employees move up by moving on. Median employee tenure among 25- to 34-year-olds (Millennials) is just 3 years versus 10.4 years among 55- to 64-year-olds (Baby Boomers).
Just two years ago, Wal-Mart reportedly shelled out $50 million to settle a dispute with Colorado employees who claimed they were forced to work off-the-clock. Now the retail giant is embroiled in a string of 30 lawsuits across the country brought by employees who charge that managers required them, too, to work unpaid overtime. In […]
A federal disability policy agency sent a report and letter to the Obama administration on Aug. 23 urging a phase out of a controversial provision of the Fair Labor Standards Act that allows certified employers to compensate persons with disabilities at wages below the federal minimum wage. The FLSA section in question — section 14(c) […]
Three-quarters of Americans (75%) are living paycheck-to-paycheck to make ends meet, according to a survey from CareerBuilder. Thirty-eight percent of employees said they sometimes live paycheck-to-paycheck, 15% said they usually do and 23% said they always do.
Many of our employees are not confronting coworkers whose actions make them uncomfortable. How can we help them to take this all-important step in preventing harassment?
The Third Circuit Court of Appeals (which covers Delaware, New Jersey, and Pennsylvania) recently upheld the district court’s decision to dismiss a complaint by three Muslim prison workers who were prohibited from wearing headwear at work. Facts Three female employees at GEO Group, Inc., a private company that was contracted to run the George W. […]
By Chris McFadden As a reminder, tomorrow will be your opportunity to make a difference in Arizona by heading to the polls! Four measures on the ballot may be of particular interest to employers. Proposition 113 (secret ballot): If passed, this measure would guarantee the right to vote by secret ballot in union representation elections. […]
Many employers are now making the unhappy discovery that their finance and operations people made aggressive exempt-status and other wage and hour-related determinations that are coming back to haunt their organizations in the form of big wage and hour lawsuits and payouts. Attorney Kurt A. Franklin of the San Francisco office of Hanson Bridgett, LLP, […]