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The Pension Benefit Guaranty Corp., in a policy reversal, has agreed to exempt most companies and their pension plans from sweeping “reportable events” requirements first proposed in 2009. This news should be a relief for the many small or financially sound companies with defined benefit plans that had expressed concern about reporting relatively minor business […]
As we reported last month, major changes in overtime and other wage and hour rules will take effect on January 1, 2000. Because you’ll likely need to revise your policies and procedures to be sure you’re in compliance, we’ve prepared a 10-point checklist you can use to get a head start. The HR Management & Compliance […]
Two indicators of U.S. corporate pension health topped 90-percent funding ratios for September, a significant sign of improvement in the vitality of defined benefit plans. Mercer’s S&P 1500 Indicator Rises Funding levels of DB plans sponsored by Standard & Poor’s 1500 companies monitored monthly by human resources consultant Mercer improved in the latest month, reaching […]
Email has made it easier than ever for plaintiffs’ attorneys to discover wrongdoing and prove liability, an expert said today at the Society for Human Resource Management’s annual conference in Las Vegas. “The ‘e’ in email is for ‘eternal evidence,’” said Mindy H. Chapman, Esq., president of Chicago-based training firm Mindy Chapman & Associates LLC. A company that has 1,000 employees, each of […]
When properly drafted, arbitration agreements can help to efficiently and quickly resolve workplace disputes. But as a new case points out, if your agreements fall short of what courts require, you may end up in an expensive legal battle over whether the agreement is enforceable—and find that it isn’t.
Siebel Systems Inc. has agreed to shell out up to $27.5 million to settle a class action lawsuit charging that the company violated the California Labor Code and Wage Orders by classifying software engineers as exempt from overtime and failing to pay for overtime hours worked. The suit also alleged that the company illegally prohibited […]
In two recent cases, employers are facing lawsuits based on inappropriate comments the complaining employee never heard or saw. In the first case, a Mexican-American applicant rejected for a position at State Farm Insurance got the green light to sue because the hiring manager later allegedly referred to another employee as a “dumb Mexican.” Although […]