Practical HR Tips, News & Advice. Updated Daily.
Under flexible benefit or cafeteria plans, once the plan year starts, employees are locked into their benefit elections and can’t make changes except in a few limited situations. But in a move that will be welcomed by employees, the IRS has recently announced rules that take effect immediately and greatly expand your employees’ ability to […]
In a recent post, we discussed an economic letter written for the Federal Reserve Bank of San Francisco (FRBSF) in which it argued that the gap between U.S. and Canadian policies and structures around support for women working while raising children is the primary contributor to a large gap between the labor participation rate for prime-age women, costing […]
According to a new U.S. Bureau of Labor Statistics report, union membership in 2002 sank to its lowest level in 20 years. In 2002, 13.2% of workers were union members, down from 13.4% in 2001 and a high of 20.1% in 1983, the first year for which comparable data are available. More than 2.5 million […]
The following is a list of the bestselling paperback business books as ranked by the New York Times on April 27. 1. Suze Orman’s 2009 Action Plan by Suze Orman. Managing your money in hard times. 2. The Tipping Point: How Little Things Can Make a Big Difference by Malcolm Gladwell. How and why certain […]
Last year is ended on a high note, at least in terms of one economic indicator: the nation’s unemployment rate fell to 8.5 percent in December. Despite that good news, many states are still experiencing record unemployment; this rampant unemployment was the number one issue addressed by state legislatures this past year. Here is a […]
As summer rolls on and TV reruns continue, I did like Michael Scott would do during an average workday: I turned my attention to surfing the Internet. I came across an article on the Wall Street Journal’s site entitled “Did You Hear the One About the Recession?” by Kayleen Schaefer. The article discusses how workplace […]
By Austen K. Townsend The Supreme Court’s decision on Section 3 of the Defense of Marriage Act in U.S. v. Windsor No. 12-307 (June 26, 2013) raises many issues for employers and other plan sponsors to consider about their qualified retirement plans. Section 3 of DOMA provided that the term “marriage” meant only a legal […]
Plan sponsors in areas Hurricane Sandy affected may want to prepare for an increase in loan or hardship withdrawal requests after the IRS on Nov. 16 said it temporarily will relax its rules that apply to such emergency funding for retirement plan participants. The IRS announced the relief in Announcement 2012-44. Hurricane Sandy should be […]
Yesterday, we discussed two of the big employee handbooks mistakes employers tend to make, according to attorney Elaina Smiley. Today, a look at the final mistake she sees too often, and an introduction to a valuable handbook drafting tool — specifically for California employers.