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‘Competition’ from ‘Exchange’ Plans Won’t Incite Employers to ‘Desert’ Health Benefits, Optimists Say

As the government fulfills its promise to create an essential benefit package, employers can be forgiven for thinking the government’s putting a competitor plan out there to lure plan members away from employer-sponsored plans. And it is tempting for them to just say: “Fine! You asked for it; no more funding health benefits!” But paradoxically […]

Bulletin Item: Financial Accounting Standards Board (FASB) Proposes Change In Existing Reporting Requirements For Stock Options

Under the FASB’s proposal, all forms of share-based payments to employees, including stock options, would have to be reported as expenses on corporate financial statements. Current rules require that the fair value of stock options be disclosed only in financial statement footnotes. For more information, go to the FASB website.

Key Changes of 2010—Are You Up to Speed?

From nursing mothers to ‘in loco’ parents, it’s been quite a year in HR, says attorney Stephen R. Woods. Today, his tips on some of the biggest changes of the year and what to do about them. Woods is a shareholder in the Greenville, South Carolina office of law firm Ogletree Deakins, Nash, Smoak & […]

Bulletin: Government revises Form I-9

The U.S. Citizenship and Immigration Services (USCIS) has released a new Form I-9, which you can access at www.uscis.gov. Five documents, which employees previously could have submitted for proof of identity and employment eligibility, were removed from List A because they lack sufficient features to help deter counterfeiting, tampering, and fraud. Employers can no longer accept […]

News Notes: Workers Lose Wage-and-Hour Retaliation Lawsuit

Six former ticket sales employees of the Seattle SuperSonics won more than $13 million in damages last year after being fired for complaining about overtime violations and retaliation. But now, the Ninth Circuit Court of Appeal, which covers California, has thrown out the retaliation claims. The court said the workers could not sue for retaliation […]

News Notes: New Wage Order For Construction And Related Industries

The Industrial Welfare Commission has issued a new wage order covering the construction, drilling, logging and mining industries. This is the first time these industries have been regulated by a special wage order comprehensively governing wages, hours and working conditions. The new wage order covers, among other things, minimum wage and overtime rules, alternative workweek […]

News Notes: Governor Creates Labor And Workforce Development Agency

Gov. Gray Davis has announced the consolidation of several state departments into the new Labor and Workforce Development Agency. The agency contains the Department of Industrial Relations, the Employment Development Department, the Workforce Investment Board and the Agricultural Labor Relations Board. “Working within existing resources, the new agency will result in improved access to employment […]