Practical HR Tips, News & Advice. Updated Daily.
In the 12 months through July, the U.S. economy created 66.7 million hires only to be nearly matched by 64.2 million separations. Federal Reserve Chairman Jerome Powell has noted the high quit rates indicate a near full employment of the U.S. workforce.
The overwhelming majority of defined contribution plan participants at retirement age roll their retirement savings over from their employer’s plan to an individual retirement account within five years of leaving the company, according to new research by Vanguard. But most refrain from taking distributions for years afterward. This common decision has implications for the “to […]
In November 2018, tens of thousands of Google employees around the world walked out in protest over the company’s handling of sexual harassment claims, among other grievances.
DOL is heading your way with $25 Million for increased enforcement and they expect to generate—from your company and others—$7 Billion of additional revenue over the next 10 years. To avoid getting ensnared in this web of increased enforcement, the solution is simple say attorneys Veronica Gray & E. George Joseph—audit, audit, audit. Gray and […]
The following is a list of the bestselling hardcover business books as ranked by the New York Times with data from Nielsen BookScan on February 28. 1. All the Devils Are Here: The Hidden History of the Financial Crisis by Bethany McLean and Joe Nocera. Two business journalists examine the financial crisis of 2008. 2. […]
by Michael E. Barnsback For the past couple of years, the IRS has focused its enforcement efforts on the misclassification of independent contractors. Many employers improperly classify workers as independent contractors to avoid paying FICA taxes and providing benefits. Others make the mistake simply because they don’t understand the differences between the two classifications. Regardless, […]
Job descriptions have traditionally suffered a poor reputation among managers and human resources professionals. In fact, job descriptions often end up being ignored – left at the bottom drawer of a file cabinet, neglected and rapidly becoming obsolete.
Everyone admits that performance appraisals are important—but few are pleased with the effectiveness of their process. What’s happening with performance management in the real world? What’s working? What are your competitors up to? Let’s find out! Please participate in our brief survey and see how what you are doing stacks up against what other successful […]
If your retirement plan committee is satisfied with the automatic enrollment policy in place but has expressed concerns about the rising cost of the employer match that a growing participant base can bring, new research may provide a window into how other employer plan sponsors are handling this dilemma. Automatically enrolling employees in company retirement […]