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Many 401(k) plan sponsors seek to reduce their potential fiduciary liability by electing to be a Section 404(c) plan. Under Employee Retirement Income Security Act (ERISA) Section 404(c), a fiduciary is not liable for losses in the plan resulting from the participant’s selection of investments in his or her own account, provided that the participant […]
A new survey conducted among recent college graduates currently working full-time sought to gauge employee attitudes towards student loan benefits programs. The findings provide insights into just how valuable these benefits are by those respondents whose employers offer repayment programs—and how attractive they are to respondents from companies who don’t.
By Hadiya Roderique Even in the “Northern Exposure” zones of Canada, employees commonly have access to the Internet at work. Many use the Internet for personal reasons during work time. Many employers are concerned about the loss of productivity resulting from excessive personal use of the Internet. A number of employers have attempted to characterize […]
Most workers today have experienced some form of discrimination in the workplace, according to Monster, which recently conducted a poll in honor of National Disability Independence Day. Discrimination Is Rampant The results of Monster’s poll may be shocking to some. For example, here are some of its key takeaways: Only 9% of those polled say […]
You fire an employee for breaking a company rule. This common event may not seem risky, but a recent verdict shows that how you handle a termination can often get you in more trouble than the firing itself. In fact, Wal-Mart is now facing a whopping $20 million verdict partly because of how it discharged […]
As part of the Dodd-Frank Act, public companies will soon be subject to CEO pay ratio disclosure requirements. Starting with reporting for any fiscal year that begins on or after January 1, 2017, these organizations will have to disclose not only the CEO annual total compensation, but also the total annual compensation of the median […]
Yesterday we heard from Kristen Berman, cofounder of Duke’s Common Cents Lab and Bradley Swain, a behavioral researcher at the Common Cents Lab, concerning the ability of HR to influence America’s financial health. Today, we’ll hear the rest of what they have to say.
Pink, author of popular management books including his latest, Drive: The Surprising Truth About What Motivates Us, offered examples of how employers give today’s employees the autonomy they want—and that you need them to have. Is Management an Anachronism? Management is not a God-given mandate, says Pink, it’s a technology from the 1850s. It’s designed […]
Managing remote employees can be tricky, but it’s possible to overcome the challenges inherent in the hybrid workplace. Hybrid work plans, which combine in-office and remote work, are becoming increasingly popular as employees seek a balance between both models. Hybrid work plans give employees the opportunity to interact with one another in the office while […]
In the aftermath of the 2008 financial crisis, recruiters had it pretty good. With widespread unemployment, millions of Americans were looking for work, often desperately. Recruiters not only had more applicants than they knew what to do with; they also had all the leverage in the recruitment and hiring process. My, how times have changed. […]