Deep workforce and benefit cuts show signs of moderating in the last half of 2009 There are signs that deep workforce, pay and benefit cuts are moderating as businesses budget for the remainder of 2009, according to Mercer’s latest Leading Through
Benefits costs rose more quickly than salaries for the period June 2006 to September 2006, according to the most recent Employment Cost Index from the Department of Labor’s Bureau of Labor Statistics (BLS).
In an article published in the January EBRI Notes, the Employee Benefit Research Institute (EBRI) examines the level of and trends in assets of individual retirement accounts. The article is entitled “IRA Assets, Contributions, and Market Share.”
If 401(k)s and similar plans are the main way Americans invest for retirement, how can employers improve them? By making enrollment automatic, minimizing the use of the employer's stock, expanding use of annuities and improving employees' financial knowledge, according to the Financial Economists Roundtable, a 13-year-old group of about 50 prominent economists.
Military reservists called to active duty can receive payments from their individual retirement accounts, 401(k) plans and 403(b) tax-sheltered annuities, without having to pay the early-distribution tax, according to the Internal Revenue Service.
What steps need to be taken when setting up an HR department? Human resources professional Nina Drake, SPHR, Deputy Director, Human Resources, for the City of
Here are some issues to consider in helping your organization design a strategic benefits package—that is, one that meets the needs of your workforce, serves yo
A no-additional-cost service is a service that is provided tax-free to employees at no additional cost to the employer.
For willfully discharging an employee for any one indebtedness, an employer will be fined not more than $1,000 and/or be imprisoned for not more than one year (
At a 1998 meeting of the Human Resource Management Association of Chicago's Total Rewards interest group, members set out to generate a list of 50 practical low
The following sample policy statements are for various types of disability policies.
The chart below summarizes some of the major distinctions between pension and profit-sharing plans.
Your Right to Waive the 30-Day Notice Period.
Adoption Assistance Program
This model independent contractor agreement is designed to help you draft a custom agreement that reflects your needs and situation.
What's the best program? The best program for your organization is the program that incorporates effective aspects of orientation programs and is adapted for us
The summary annual report furnished to participants and beneficiaries of an employee welfare benefit plan consists of a completed copy of the following form.
As you know, since the 1960’s the number and complexity of laws relating to the area of employment have mushroomed. Prior to 1960 the Fair Labor Standards Act and National Labor Relations Act and their administrative obligations were the major compliance issues for personnel departments.
There are a lot of people who wonder how much they need to save for retirement. Chances are, what you need to save is more than you’re saving right now.
Although age discrimination laws deal more with the hiring, firing, or retirement of employees, they also may apply to employee benefits, depending on the situa
Wellness programs focus on promoting better health habits among employees.
Rights or claims under the anti-discrimination laws may be waived as long as any waiver is knowing and voluntary.
Yes, Department of Labor regulations clarify which notices required by the Employee Retirement Income Security Act (ERISA) can be sent electronically.
Military reservists called to active duty can receive payments from their individual retirement accounts, 401(k) plans and 403(b) tax-sheltered annuities, witho
Companies often contract for jobs that require a specific skill or technical knowledge.
Each employee of the state or of any branch, department, board, bureau, or commission of the state who serves as a bone marrow donor for the purpose of transpla
No person holding any position in the civil service may be suspended, demoted, or dismissed from the person's position on the grounds of age (Sec. 76-44).
Employers with questions about a garnishment order should contact the issuer of the order.