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Large corporations thinking about transferring hefty defined benefit plan payouts to insurance companies for them to manage now have judicial support for that approach. A federal judge in Texas has denied a bid by retired Verizon Communications executives to block the company from making a proposed shift off its books of $7.5 billion in pension […]
Amazon.com updates its list of the bestselling books every hour. Here is a snapshot of what is hot right now, this Monday morning, February 23, in the “Business” category for books on CD. 1. The Secret (Unabridged, 4-CD Set) by Rhonda Byrne. A motivational book on positive thought for positive results. Byrne leads listeners through […]
According to the U.S. Census Bureau, the first observance of Labor Day is believed to have been a parade of 10,000 workers on September 5, 1882, in New York City, organized by Peter J. McGuire, a Carpenters and Joiners Union secretary. By 1893, more than half the states were observing a “Labor Day” on one […]
After much back and forth, the EEOC just last week issued regulations letting companies offer lower health benefits to those age 65 and over than they do to those younger. Here’s the report on this important development, first published on our subscription website, HR.BLR.com. The U.S. Equal Employment Opportunity Commission (EEOC) has published a final […]
Cell phones, BlackBerry®, PDAs, iPod® devices, personal laptops, and flash memory sticks—they’re in your workplace, perhaps by the dozens, but are they posing more dangers than you know? Our experts sort it out. Especially now that gift-giving season has come and gone, you are probably seeing them in your workplace … gadgets! Everything from iPods […]
A new U.S. Equal Employment Opportunity Commission (EEOC) rule gives employers some relief regarding their ability to reduce or eliminate retirees’ healthcare benefits once they become eligible for Medicare. Such a reduction or elimination will not violate the Age Discrimination in Employment Act (ADEA), the federal statute that prohibits age-based discrimination, the new rule states. […]
California employers have long faced complex discrimination issues because of the state’s diverse population. And now a recently enacted state law imposes new restrictions on employers’ ability to set workplace language rules. Language Restrictions Must Be Justified Under the new measure, A.B. 800, it’s illegal to adopt or enforce a policy that limits or prohibits […]
Shareholders are voicing their disapproval over excessive executive pay. HR managers need to know the public’s “breaking point” for each pay element, says consultant Kurt Fichthorn. Fichthorn, who is vice president in the Philadelphia office of the Hay Group, offers the following chart to clarify what employers want and how it compares to what the […]