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Competitors luring away workers is an increasing concern these days. In a recent case, Jeff Sposito, a managing broker with Jon Douglas Co. in Walnut Creek, quit less than a week after Coldwell Banker acquired his company. He immediately joined a rival and, allegedly within a day, persuaded more than 100 agents and office staff […]
Oklahoma’s Attorney General has revived his state’s challenge to the federal health reform law, this time targeting the law’s employer mandate. The state’s amended complaint at the U.S. District Court for the Eastern District of Oklahoma seeks to overturn an IRS regulation allowing some consumers to get federal subsidies to buy insurance on health insurance […]
If employee turnover rates at your organization are high, it’s probably time to focus on what you can do to increase employee retention. Why? Frequent turnover can have a host of negative consequences for your company, including lost productivity, costs associated with hiring a new employee, the cost of temporary employees or overtime to cover […]
In a development that highlights the expensive consequences of misclassifying employees as exempt from overtime, San Francisco-based Pacific Bell has reportedly promised to pay out huge damages-$27.8 million-to settle a class action lawsuit involving claims for unpaid overtime. The case involved 600 current and former sales support managers who were classified as exempt from overtime. […]
Employers can expect continued uncertainty regarding whether they will need to adjust their plans, documents and policies to accommodate same-sex spouses. The 9th U.S. Circuit Court of Appeals on June 5 refused a petition that the full bench of the court rehear Perry v. Brown, Nos. 10-16696, 11-16577. That lets stand the ruling by a […]
First Union Corp. has agreed to pay a whopping $26 million to current and former employees to settle two lawsuits accusing the bank of forcing workers to invest their 401(k) retirement savings in poorly performing mutual funds. The employees charged that First Union included second-rate investment funds in its in-house 401(k) plan and then used […]