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A new report from the U.S. Department of Labor finds that 28.8% of the nation’s full-time employees now have flexible work schedules that permit them to vary the time they start or end work—nearly double the number of flex-time workers a decade ago. Managers, professionals and sales employees were the most likely to be able […]
Results from a recent survey of small business owners conducted by Survey Monkey and CNBC found that “16% of small business owners (but 41% of small businesses with 50 employees or more) have had open positions for at least three months.” That’s a pretty big number for those 50+-employee companies. And those businesses have some thoughts on […]
A new absenteeism survey by Commerce Clearing House Inc. indicates that absenteeism costs climbed to an all-time high in 2002—even though absenteeism itself dropped slightly. Employers spent an annual average of $789 per employee for unscheduled days off, up from $755 in 2001. While workers listed illness as the most common reason for calling in […]
The Internal Revenue Service has issued new regulations which clarify that plan administrators must provide 15 days’ written notice before the effective date of retirement plan amendments which result in a significant reduction in future benefit accrual. The rules apply to both defined benefit and money purchase plans. If some plan participants don’t receive notice […]
At a hearing in Washington, D.C., earlier this month, the Internal Revenue Service heard opposing arguments on permitting employers to provide tax-free public transit benefits through cash reimbursement rather than vouchers or passes. As we’ve reported, proposed IRS rules would make it easier for employers to set up transportation spending accounts, which let you pay […]
There may be a tendency for your hiring managers, and even HR recruiting professionals, to take a more relaxed attitude toward the hiring process in view of the current state of the employment market and the fact that many people are out of work. Thinking that they have more time to make decisions, employment recruiters […]
The proposal would protect older workers during cash balance conversions by, among other measures, imposing a five-year hold harmless period. During this period the benefits earned by any employee would have to be at least as valuable as benefits under a traditional plan. The new regulations would also provide that cash balance plans do not […]
On October 7, 2002, the U.S. Supreme Court reconvened for a new session. The court’s docket this term includes a case involving whether physician-shareholders can be counted as employees for purposes of determining employer coverage under the Americans with Disabilities Act and a case regarding whether state employers can be sued for violations of the […]
A court has rejected a bid by labor groups to block the Industrial Welfare Commission’s recent changes to California’s overtime laws, set to take effect January 1. Unless overturned by a higher court, this latest development clears the way for overtime to be required only after 40 hours in a week rather than after eight […]
President Bush has proposed a new package of emergency grants and unemployment assistance to help states deal with increased unemployment following the Sept. 11 attacks. Workers in states where the total unemployment rate has jumped by 30% above the Sept. 11 level would be eligible for an additional 13 weeks of unemployment benefits, which would […]