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Interns and Trainees: Must They Be Paid?

(Updated May 2010) By Hillary J. Collyer Summer is here, which means that student interns are arriving for their summer internships — and many of these internships are unpaid. Internships afford students the opportunity to gain practical, real world experience, as well as explore various career paths and develop potential contacts. Employers should be careful, […]

money balance

Two Approaches to New Cash Balance Plan

Yesterday we took a look at Internal Revenue Service (IRS) guidance on how to change interest crediting rates in a cash balance (CB) plan. Today we’ll look at the two approaches that the IRS has discussed to address a change in the interest crediting rate.

Who’s to Blame for Layoffs?

I was speaking with a friend recently. He had worked for a large financial services company and had lost his job the day before our conversation. My friend told me that he hadn’t been surprised by the announcement. In fact, he knew it was coming for some time and was just waiting for his “package.” […]

skill

Skills Revolution: Learnability Will Be Key in This Age of Acceleration, Says Report

The future of work is bright according to ManpowerGroup’s new report “The Skills Revolution”, which consists of a survey of 18,000 employers across all sectors in 43 countries. One in five employers (19%) expect technological disruption to increase jobs as they adapt to the future of work, and six in 10 employers (64%) expect to […]