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401K

Tax Reform Extends Participant Plan Loan Offset Payment Period

Defined contribution (DC) plan sponsors should be aware of a change under the new Tax Cuts and Jobs Act that extends the period during which a participant may pay the amount of an “offset” of an outstanding 401(k) plan loan to another qualifying plan or individual retirement account (IRA) to accomplish a tax-free rollover of […]

How to Spot People Who Can’t Sell

Here are five classic sales weaknesses to be on the lookout for, says Anderson, who is president of the Selling Skills Institute, and developer of the proprietary Shift Thinking Selling Methodology. Weakness #1—Unsupportive Buying Habits People tend to have buy cycles, and those of your candidates are an important indicator. People with short buy cycles […]

To Solve the Retention Crisis, Proactive Mental Well-Being Needs to Be a Workplace Priority

The pandemic has led to employee retention struggles that require a serious reconsideration of how employers address mental well-being. McKinsey calls it “the Great Attrition.”  More than 15 million U.S. workers have quit their jobs since April 2021, and 40% of employees say they are at least somewhat likely to quit in the next 3 […]

‘If You Were a Dessert …’ and Other ‘Great’ Interview Questions

Yesterday’s Advisor focused on correct interview questions. Today, attorneys Sandra Rappaport and Mike Moye tackle more interview challenges, and introduce the key role of job descriptions. Your interview plan should focus on eliciting information about a candidate’s performance and experience, says Rappaport. Use open-ended questions rather than those that simply require a yes or no […]

Understanding the FARM Components of Compensation

Have you heard of the acronym FARM as it relates to compensation? I first heard this term from a BLR® webinar run by Paul Dorf, the Managing Director of Compensation Resources, Inc. (CRI). In that webinar, Dorf noted that a compensation strategy has to incorporate all of the objectives of compensation: to direct what you’d […]

Mitigate Risks of Your Incentive Compensation Plan

The collapse of several large financial institutions and the accompanying economic meltdown ushered in a new era in the United States, perhaps even in the entire world. Frugality and a new level of contemplation became commonplace. Along with this new sobriety came new rules, designed to prevent (or at least mitigate) what many view as […]

Must You Pay Employees When They’re on Jury Duty?

Jury duty is one of our civic responsibilities as individuals, but it can be arduous—it takes time away from work and even in some cases, time away from family, too. This can raise legal and policy questions for employers. Must an employer pay an employee who is not working because he or she is required […]

Happy workers

How Employee Happiness Increases Client Retention

Organizations are always looking for ways to retain their client base; after all, they are one of the main drivers of profit and business growth. While many businesses hold tight to traditional customer relations practices, many overlook the secret weapon right under their own roof – their current employees. This idea is simple but powerful: By keeping employees happy, business leaders can keep their client base happy.

How CPG Is Prioritizing Diversity and Inclusion in Hiring Efforts

Diversity and inclusion (D&I) is not just a priority among consumer packaged goods (CPG) companies to attract and retain the best talent—it’s become an essential part of an organization’s hiring strategy and has become a fundamental pillar of any successful business. Now more than ever, D&I is the predominant subject matter of conversation among employers.