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Cash Balance Plans Get More IRS Guidance on Interest Crediting Rates

The Internal Revenue Service (IRS) issued guidance recently on how to change interest crediting rates in a cash balance (CB) plan. The Issue Snapshot posted on the IRS website on May 31 analyzes some of the implications of amending a CB plan to actually or potentially decrease the interest crediting rate.

Maintaining, or Refining, Company Culture During and After the Pandemic

A company’s “culture” is a complex concept. Company culture is undeniably important to any business, but it’s difficult to come up with a concise definition. It’s even harder to effectively and consciously steer that culture in one direction or another, especially during a pandemic. Defining Company Culture Indeed provides the following definition of company, or […]

FMLA Status No Protection against Firing for Poor Performance

An employer did not engage in discrimination under the Family and Medical Leave Act when it fired an employee for performance issues, the 8th U.S. Circuit Court of Appeals held, at a time when the employee also was using intermittent FMLA leave. The court noted that the company never wavered from its claim that it […]

Kentucky

Was Attendance an Essential Job Function for AT&T Customer Service Rep?

An AT&T customer service representative (CSR) recently filed a lawsuit against her employer citing disability discrimination, but the employer, citing attendance as an essential job function of her position, claimed she was terminated for her frequent absences. Was the employee discriminated against? The 6th Circuit Court of Appeals—which covers Kentucky, Michigan, Ohio, and Tennessee—has the answer.

mentoring

3 Attributes Leaders Should Embody to Inspire Employee Growth

By the pure nature of how they conduct themselves with every touchpoint, executives are influencing – for better or worse – the next generation of leaders. That’s why integrity and understanding the power of influence are so important when it comes to professional development. Much of the success of people programs rest on the example leaders set […]

Tips and Best Practices for Conducting an Employee Mental Health Assessment

We likely think of COVID when we hear or see the word “pandemic.” Yet what many view as the second pandemic, employee mental health, continues on, with a recent American Psychological Association survey noting nearly 80% of U.S. employees experienced some form of work-related stress in the prior month. Fortunately, employers can play a key […]

compensation

$608 in Unpaid Overtime Cost Texas Employer $41,333 in Attorneys’ Fees

By the way, the amount of attorneys’ fees in the headline is not the amount the employer paid its lawyers. Oh, no—that’s the amount it had to pay the employee’s lawyers for suing to recover the $608 in unpaid overtime. To make the disparity even stranger, the employee lost two of his three claims at […]

Dress Code Tips Inspired by JLo and Shakira’s Halftime Performance

Is it just me, or has JLo and Shakira’s halftime performance at the Super Bowl received more attention than the game itself? As with so many other issues these days, we are a country divided. Some believe the performance was magnificent and empowering, while others have derided the halftime show as a burlesque sequel to […]