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A profit sharing plan is a type of defined contribution plan that is sometimes used as a supplement to a primary retirement program. Today, John Rubino of Rubino Consulting Services explains the key elements of an effective profit-sharing plan.
Yesterday, John Rubino of Rubino Consulting Services explained some of the background on profit-sharing plans, the 3 steps to establishing a deferred plan, and 4 of the steps involved in executing it. Today, we present the remaining 5 execution steps.
Few things have the potential to motivate and bring about positive change in the workplace as much as trust. It’s the one element that has the ability to improve nearly any relationship for the better, including even the most challenging ones in professional environments. Of course, trust can also seem somewhat elusive. After all, we’ve […]
Many people have been talking about a “new world of work” for a long time. However, the current public health situation and labor market crisis are not what anyone had in mind. The sudden work-from-home mandates, refocusing of priorities, and adjustments to time management are startling for everyone, to say the least.
BLR’s 2014 Variable Pay Survey reveals that almost two-thirds of participants put some employee pay at risk. Some 1,452 employers participated in the recently completed survey. Here are some highlights:
While telecommuting and work-from-home options continue to be adopted by a large and growing percentage of employers, several have moved to reverse the trend of work-at-home employment, forcing employees back into corporate offices.
Early during the COVID-19 pandemic, there was speculation about a baby boom in the coming months because couples were spending virtually all their time at home together, perhaps with too much “downtime.” An immediate boom ended up not occurring, according to a recent study by University of Michigan researchers. But, the slight pause in pregnancy and childbirths […]
‘Ban-the-box’ laws are laws that say you cannot have a question on your application that asks ‘do you have a criminal conviction?’ Typically, applications will ask for an explanation or description if the answer was yes. This forces immediate disclosure.
Whether you are an entry-level account executive or the CEO of your firm, one of the most important skills necessary to thrive in the workplace, is to be a good listener. But what does it mean to be a “good” listener and how can you use this skill to excel on the job?
The confirmation hearings for Brett Kavanaugh have finished (pending new hearings surrounding sexual misconduct allegations), and they have been filled with political strife already. I recently sat down with Mark Phillis, an attorney at Littler Mendelson, to discuss some of the fears that the LGBTQ community has about the future of workplace discrimination laws.