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by Todd Castleton of Proskauer Rose LLP When retirement plan sponsors adopt a “safe harbor” 401(k) plan design, they are deemed to be compliant with the actual deferral percentage (ADP) and actual contribution percentage (ACP) nondiscrimination testing provisions of the Internal Revenue Code (IRS)—the federal tax Code.
The role of caregiving in the workforce transcends parenthood, and employers need to recognize the challenge that many face – juggling professional responsibilities and a caregiving role(s) is a constant, and oftentimes thankless, job. According to research by SHRM, paid paternity leave in the US is currently only being offered by 32% of employers; an […]
by Gesina (Ena) M. Seiler Beginning January 1, 2015, the Affordable Care Act (ACA) will require large employers (with 100 or more full-time and full-time equivalent, or FTE, employees–in 2016 it drops to 50 or more employees) to offer minimum essential health insurance coverage to at least 70 percent (increasing to 95 percent in 2016 […]
Generally, payment on a salaried basis means that employees receive a predetermined amount of pay that can’t be reduced due to variations in the quality or quantity of their work. Employees must be paid their full salary for any week in which they: bzc cb Perform any work, regardless of the number of hours or […]
The results of the 2015 High Potential Employee (HiPo) survey are in. Take a look at the results, and see how your company compares to those of your competitors. Highlights of the HiPos and Succession Planning Survey: While 92.3% feel that identifying HiPos is important, only 44% of respondents say their company actively attempts to […]
The engineering industry faces a critical challenge. Demand for energy and technology infrastructure solutions is rising, while skilled engineers remain scarce. This nationwide talent shortage risks firms’ ability to meet growing needs, making retention and engagement crucial. Human resources professionals, with support of and in collaboration with company leaders, must implement innovative strategies that go […]
An overwhelming 73% of jobseekers revealed the job search process is one of the most stressful things in life, according to CareerBuilder’s 2017 “Candidate Experience From End-to-End” report.
Do prospective employees attempt to negotiate their pay or do they simply accept what they are offered? A recent CareerBuilder survey found that the majority of workers (56%) do not negotiate for better pay when they are offered a job.
The recent spate of employee terminations resulting from social media posts after the killing of right-wing influencer Charlie Kirk raises questions about what liability such terminations might have for employers. The amount of an employer’s potential liability will be based on whether they are a private or public employer. Background While employees have been fired […]
For generations, one of the primary roles of managers and supervisors has been to keep their teams on task, to maintain high levels of productivity, and to ensure employees are spending their time appropriately. After all, companies don’t want to pay their staff for personal projects, right? The 20% Project As it turns out, employees […]