Practical HR Tips, News & Advice. Updated Daily.
The average 401(k) account balance at the end of 2012 was 8.4 percent higher than the year before, but increased assets weren’t typical for all defined contribution plan participants studied, according to a December 2013 brief by the Employee Benefit Research Institute. While equity investments through stock mutual funds comprised the bulk of 401(k) assets […]
Retirement benefits, always a challenge to manage—and to fund. What’s happening with pensions and 401(k)s in 2013? What are your competitors up to? Help us find out! Please participate in our brief survey and see how your retirement benefits stack up against those of other successful companies. We’ll get answers to these questions and more: […]
By BLR Founder and CEO Bob Brady For anyone needing job description help, our CEO announces something that’s not quite the Ultimate Answer to Life’s Questions … but it’s close. Longtime readers of this column know I like to use it to communicate to all 130,000 of you out there. Most of the time, it’s […]
In 1963, President John F. Kennedy designated May as Senior Citizens Month, encouraging the nation to pay tribute in some way to older people across the country. In 1980, a proclamation by President Jimmy Carter changed the name to Older Americans Month, a time to celebrate those 65 and older through ceremonies, events, and public […]
You should encourage and manage diversity in your workplace — not because it’s politically correct (and the right thing to do), but because it helps you improve and maintain your competitive advantage. Today’s fast-paced business world and ever-changing technology have taken employers beyond traditional boundaries, sometimes forcing you to adjust to differences in culture quickly. […]
We earlier reported on a California appeals court ruling thata class action alleging that Sav-On Drug Stores misclassified managers as exempt from overtime couldn’t proceed. The court’s reasoning was that whether or not each manager was properly classified as exempt was an issue that was individual to each store and therefore couldn’t bedecided on a […]
The American workforce is getting older, and age-bias complaints are prevalent. In 2003, the Equal Employment Opportunity Commission received 19,124 age-discrimination claims and recovered $48.9 million in damages for age-bias victims. And big cases regularly hit the headlines. In July 2004, for example, Google, the California-based Internet search engine company, was sued for age bias […]
By Kate McGovern Tornone, BLR Editor Warning letters from the U.S. Department of Labor (DOL) can be challenged in court, the U.S. Court of Appeals for the D.C. Circuit has ruled in Rhea Lana, Inc. v. Department of Labor, No. 15-5014 (D.C. Cir. June 3, 2016).
We spend much of our adult lives going to work, and when you don’t like your coworkers, it makes staying at a company extremely difficult. Having workplace friendships is not only great for employee morale, but it’s great for employee retention. And if you can retain your workforce, it saves on having to recruit and […]