Is Your Business Too Family Friendly?
The neighborhood mom and pop shop is an American tradition. But what happens when mom and pop expand beyond their original storefront, and employ others, in addition to family members?
Tag: benefits
Tax-Reform Changes Lead Some Employers to Raise 401(K) Matches
A handful of large U.S. corporations announced they are raising the employer match for their 401(k) retirement plans or are making other changes in their benefit plans in the first month after a tax reform law was signed by President Trump. And nearly half of companies surveyed said they are considering taking such an action […]
Repeated Breaches Result in $3.5M HIPAA Settlement
A major renal care provider agreed to $3.5 million to resolve Health Insurance Portability and Accountability Act (HIPAA) privacy and security allegations arising from a series of data breaches at five different facilities over a 5-month span in 2012.
Are Unpaid Internships Now Acceptable?
The U.S. Department of Labor (DOL) recently updated its internship fact sheet, in effect changing the guidelines for internships. The move has prompted many employers to wonder: Do we still have to pay interns?
U.S. Pension Fund Assets Grew by 12.7% in 2017, Says New Study
Global institutional pension fund assets in the 22 major markets grew to $41.3 trillion at year-end 2017, according to latest figures in the Thinking Ahead Institute’s Global Pension Assets Study, representing the highest figure since the report began in 1997.
How to Create an Effective Learning Strategy Inside Your Organization (Part Two)
To get the most out of your training and development programs, it is necessary to have an effective learning strategy. In part one of this article, we discussed the importance of conducting a training needs analysis as well as identifying the organization’s capabilities. Here, we’ll identify what effective training looks like and explore best practices […]
Back to the Future: Making Sense of the Election Timing Rules for Cafeteria Plans
When H. G. Wells wrote The Time Machine in 1895, he struck a chord with mankind’s dream of going back in time. Interestingly, some employees may have the same dream regarding health and welfare benefits, in the form of retroactive elections.
ERISA Class Actions Settlements Cost Employers Nearly $1 Billion in 2017
Class action settlements and court decisions related to 401(k) retirement plans in 2017 significantly affected the direction of ERISA litigation, according to the newest edition of an annual law firm report on workplace class action lawsuits.
Vision Benefits Survey Findings Underscore Need to Educate Younger Employees
A new survey has found that younger employees are significantly less likely to enroll in vision benefits plans or understand the importance of eye exams. The Transitions Optical Employee Perceptions of Vision Benefits survey, conducted among 1,300 employees, reveals that 84% of Baby Boomers, 80% of Gen X and 75% of Millennials report that they […]
Another Tech Giant Bans Salary History Inquiries
Last month, Amazon, the world’s largest online retailer, issued a directive to recruiters and hiring managers: nix the salary history questions.