Practical HR Tips, News & Advice. Updated Daily.
Does your organization routinely conduct exit interviews with departing employees? Some employers swear this is a great way to garner knowledge about how to improve the organization and reduce future turnover. Others feel it’s unlikely to gain real insights because departing employees no longer have an incentive to help. Let’s take a look at some […]
Yesterday we took a look at Internal Revenue Service (IRS) guidance on how to change interest crediting rates in a cash balance (CB) plan. Today we’ll look at the two approaches that the IRS has discussed to address a change in the interest crediting rate.
Many of you may recall reading Robert Fulghum’s All I Really Need to Know I Learned in Kindergarten. If you take a look at his list of rules, you’ll find it describes several policies you already follow and enforce in your workplace. “Don’t hit people” certainly describes your no-fighting policy. “Put things back where you […]
The Internal Revenue Service (IRS) issued guidance recently on how to change interest crediting rates in a cash balance (CB) plan. The Issue Snapshot posted on the IRS website on May 31 analyzes some of the implications of amending a CB plan to actually or potentially decrease the interest crediting rate.
We’ve said it many times, and we’ll say it again: Company culture is a main staple in the recruiting process. In order to attract the talent you want, you have to make the talent want you, and one way to do this is to have a culture that candidates are searching for.
Because a group health plan covered room and board expenses for stays at skilled nursing facilities, the Mental Health Parity and Addiction Equity Act (MHPAEA) required it to do so for residential mental health treatment facilities as well, a federal appeals court ruled in Danny P. v. Catholic Health Initiatives, No. 16-35609 (9th Cir., June […]
With Millennials making up the largest generation of workers, employers must adapt to meet Millennials’ needs in order to attract this group of workers to their companies, say the findings of a new survey report released by Udemy, an online learning platform.
In the war for talent, only the employer with the strongest benefits offerings will survive. Does your company have what it takes to attract great talent based on your current benefits packages?
An employee walks into a meeting with her supervisor in good health. The supervisor criticizes her work performance, which upsets the employee. Shortly after the meeting, the employee suffers a medical problem that a doctor attributes to the contentious encounter. She makes a claim for workers’ compensation benefits. Is she entitled to benefits? That was […]
Today’s workforce, composed of four generations of employees, is potentially more diverse in age than ever before. Because of this, employee needs are evolving, and many organizations are finding that a one-size-fits-all approach to employee benefits no longer works.