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Bonuses are an integral part of many companies’ compensation packages because they: Are an expression of goodwill from employer to employee. Exemplify a personal touch and may evoke loyalty and dedication. Allow organizations to manage pay for performance Can be used as an incentive to retain top performers or to attract new employees Allow the […]
Segal, a partner with Duane Morris law firm in Philadelphia, shared his expertise at SHRM’s Employment Law and Legislative Conference, held recently in Washington, DC. [Go here for tips 1 through 13] 14. Focus on Risk Selection, Not Risk Avoidance In 2012, there’s no avoiding risk, says Segal. For example, say there’s a hiring decision […]
Segal, a partner with Duane Morris law firm in Philadelphia, offered his tips for dealing with the C-suite at SHRM’s Employment Law and Legislative Conference, held recently in Washington, DC. 1. Stop Asking To Be At Table Asking only reinforces the perception of your subordinate role, Segal says. Instead, demonstrate why you should be at […]
Experts Terry Pasteris and Mark Lipis have an answer, but first, the rest of their focal points for 2012 from yesterday’s Advisor. (Pasteris is president of TLMP Consulting Group and Lipis is owner of Lipis Consulting Inc.) 2012 Focal Points for Private Companies Here’s what Lipis and Pasteris suggest you consider for 2012: IRS’s continued […]
Pasteris is president of TLMP Consulting Group and Lipis is owner of Lipis Consulting Inc. Focal points: All Companies Since for most companies there’s not a lot of money to go around, the question is, how do you get the best bang for the buck? Here’s what WorldatWork’s 2012 survey projects: Actual 2010 Actual 2011 […]
Preparing Staff to Handle Questions/Concerns Preparing staff to handle participant questions and concerns is of paramount importance because ineffective answers can lead to mistrust, morale issues, and compliance scrutiny. It may even lead to legal challenges under ERISA. To avoid these problems, prepare supervisors and staff. Invite your investment advisor or a representative of the […]
The California Employment Law Letter (CELL). is written by Mark I. Schickman, and Cathleen S. Yonahara, both attorneys at the law firm of Freeland Cooper & Foreman LLP in San Francisco. Defining Essential Job Functions Most employers use some form of job description, but many are cumbersome documents that have little practical value because they’re […]
The California Employment Law Letter (CELL) is written by Mark I. Schickman, and Cathleen S. Yonahara, both attorneys at the law firm of Freeland Cooper & Foreman LLP. In San Francisco. A job description need not account for every task that might ever be done, says the CELL. Here are the most critical components of […]
The changes, which take effect July 1, 2012, are big. As a plan sponsor, you will receive new information about fees paid by the plan. You will also need to give participants some new information. For guidance, we turned to a recent BLR publication, the 401(k) Fee Disclosure Compliance Download Report. Your Role As Fiduciary […]
What’s Taxmageddon? Taxmageddon comes at the end of 2012, when the payroll tax and unemployment benefits extension ends and at the same time we’re likely to need another debt limit increase. If no action is taken, there will be dramatic cuts in spending that are built into the federal budget process, Aitken says. Aitken offered […]