Practical HR Tips, News & Advice. Updated Daily.
The U.S. Department of Labor (DOL) has reached an agreement with the owner of a Manhattan laser surgery center to pay $5 million to its Employee Stock Ownership Plan (ESOP) to resolve violations of the Employee Retirement Income Security Act of 1974 (ERISA).
The U.S. Department of Labor (DOL) will be flexible on certain deadlines that apply to group health and retirement plans in situations where the effects of Hurricane Harvey prevent full compliance, the agency announced August 30.
A new survey conducted by Willis Towers Watson, a leading global advisory, broking, and solutions company, finds salary increases are expected to remain basically flat next year, at 3 percent.
As many HR departments prepare for open enrollment, Namely, an HR platform for mid-sized companies, has released the results of its open enrollment survey and identified what is most important to employees in a top-notch benefits experience.
Does your company offer paid leave for the birth or adoption of an employee’s child? If so, you’re among the 32% of employers who say they offer this benefit, according to a new survey released by Standard Insurance Company (The Standard)—in conjunction with the Disability Management Employer Coalition (DMEC).
The bad news is that 96% of employers in a recent survey reported that personal financial issues affect their employees’ overall job performance. The good news is that workplace financial education programs can help minimize the negative effects of financial distress, according to the report.
In a related move just ahead of disclosure of the proposed amendments to the fiduciary rule (See, DOL Seeks 18-Month Delay for Complying with Fiduciary Rule Exemptions), the U.S. Department of Labor (DOL) on August 3 released another set of frequently asked questions (FAQs) about the final fiduciary rule that became applicable on June 9.
Employees who have diabetes cost companies twice as much as healthy employees. A report from the American Diabetes Association shows that diabetes costs the country roughly $245 billion a year in lost work, wages and medical costs. The federal government has created healthy-living programs and conducted research over the year to stop the diabetes epidemic […]
A federal district court remanded the U.S. Equal Employment Opportunity Commission’s (EEOC) wellness program rules, finding it unclear how the rules’ 30% threshold met the Americans with Disabilities Act’s (ADA) requirement that wellness programs be “voluntary.”
The Pension Benefit Guaranty Corporation (PBGC) has released a statement on the reorganization plan of Avaya, a multinational communications solutions company. The plan includes a proposal to maintain its pension plan for hourly employees but end its pension plan for salaried employees.