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While most U.S. retirement plan participants age 60 or older move their assets out of employer plans within five years of leaving a company, they often don’t touch the funds for years after that, a new report by money manager Vanguard found. As a result, Vanguard suggests to plan sponsors, this tendency of older terminated […]
Wellness is a serious topic, says corporate humorist David Granirer, but a little humor might be just what the doctor ordered. We’ve all been trained that “work isn’t supposed to be fun” and that “no pain, no gain” should be our motto. However, says corporate humorist David Granirer, blogging on about.com, we’re starting to realize […]
By Karen Sargeant In the last several months, we have posted several blog entries detailing how employers can reduce employment costs and/or increase workforce flexibility in these tough economic times. We have talked about furloughs, work-sharing programs, changing employment contracts, adjusting the size of the workforce and reducing employees’ hours of work. But all of […]
For tax years beginning after 2001, a retirement plan can now allow participants who are at least age 50 or older at the end of the plan year to make catch-up contributions to their accounts.
We’ve posted some important articles this year covering everything from the latest ADAAA regs, to how fire an employee without getting sued. Here is a list of the top 9 articles you can’t afford to miss: Employees Don’t Leave Jobs—They Leave Managers Employees don’t leave jobs, they leave managers. It’s an old saw, but it’s […]
Nonunion public school teachers are required to pay “fair share” union fees in return for benefits they receive from collective bargaining. In return, the union must give these teachers a written explanation concerning the basis for the fee. Eight nonunion teachers who did not receive an adequate fee notice sued school district superintendents, claiming that […]
Thinking of hiring teens to work this summer? If so, now’s the time to get a handle on the rules regarding what hours they can work, so you don’t run afoul of state and federal laws.
FedEx Corp. has agreed to shell out a whopping $26.8 million to end a long-running dispute over whether California delivery drivers in the company’s ground unit are independent contractors or employees. Last year, a California appellate court ruled in the case that about 200 ground drivers were misclassified as independent contractors. The drivers had sued […]
In 2005, the California Supreme Court ruled that, under state law, individual managers and corporate officers couldn’t be held personally liable for unpaid wage claims. In other words, only the company could be forced to pay back wages. This was an important victory for California employers (Find out more on the 2005 case). But the […]
One of the most difficult parts of owning a business is finding great employees. Successful business owners know they cannot be everywhere at once and therefore must rely on their key employees. Sometimes retaining key employees becomes vital not only for day-to-day operations but also for the future success of the business. This drives many […]