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Going beyond the mantra: Don’t just document, document correctly

Human resources professionals know well the mantra: Document, document, document. But just writing things down isn’t enough. HR needs to recognize and avoid common documentation mistakes. Susan G. Fentin, a partner with the Skoler, Abbott & Presser, P.C. law firm in Springfield, Massachusetts, recently outlined common mistakes as part of a Business & Legal Resources […]

EBSA: Deficient Work Tied to Auditors’ Size, Experience

Hiring an auditor with limited experience auditing benefit plans, or experience auditing only small plans … may cost plan sponsors. That conclusion can be drawn from a new assessment by DOL’s Employee Benefits Security Administration of audit quality after reviewing annual reports from 400 sample retirement plans of various sizes. The agency found a nearly […]

How Does CPI Relate to Wage Increases?

The Consumer Price Index (CPI) measures how much average prices are moving by surveying households to find their average spend on specific goods and services during a given time period and then comparing that total cost to previous time periods.

Exit Interviews 101

Does your company conduct exit interviews? What questions do you ask? What benefits do you gain? These Q&A sessions with an employee who is leaving the company can be done in person, but they can also be done in writing—via e-mail, online forms, or even mailed questionnaires.