Thursday May 9, 2024

4 countries that may do a better job running your 401(k)

The Government Accountability Office is recommending the Department of Labor look to four countries for ideas on how to improve retirement accounts in the U.S. Here are the four countries a recent GAO report recommended the DOL look into — and what’s required in each: Australia. Employers must contribute an amount equal to at least […]

Court orders EEOC to pay $750K for ‘unreasonable’ lawsuit

Remember last year, when a federal court chided the Equal Employment Opportunity Commission for its “sue first, ask questions later” approach to a case involving a temporary staffing firm? Now several business groups have banded together to make sure the agency pays the price for its over-aggressive tactics. The U.S. Chamber of Commerce, the Equal […]

GM’s social media policy gets thumbs-down from NLRB

Last week, we took a look at a social media policy that the National Labor Relations Board said conformed to labor law. This week, we heard about one that doesn’t — and it happens to belong to  General Motors. Administrative law judge Ira Sandron examined GM’s social media policy after the NLRB charged that the […]

States graded on their family leave benefits

A non-profit recently graded all 50 states and the District of Columbia on how well their laws provide access to leave for new moms and dads. Only two states received an A. They were California (the first state to pass an a law giving new parents access to paid leave) and Connecticut (which passed a […]

Are most retirement outlook studies wrong?

By now you’ve probably seen the reports showing Americans’ 401(k) account balances won’t support a decent lifestyle in retirement. Well, Fidelity is saying those studies are using bad math. Fidelity agrees with the other studies in one regard: If you just look at the average 401(k) balance of Americans, you get a number that’s too […]

Reform law to stay or go? What employers, individuals say

Two recent surveys have revealed where employers and the voting public, as well as employers stand on the healthcare reform law. It won’t be long now before we know the fate of the law, as the Supreme Court is expected to rule by the end of the month whether part or all of it should […]

Start a wellness program and get a $833K break in health premiums

Think it’s easy to get an $800K break on health premiums? Well, for one county in Florida, it kind of sounds like it was. The lowest health insurance bid Marion County received for 2013 was from Florida Blue, previously Blue Cross/Blue Shield of Florida. The problem? It was an increase of more than $1 million […]

Feds put stamp of approval on this social media policy

Here’s a nice change: The NLRB’s most recent memo on social media policies carries some clear-cut guidance companies can actually use. Acting General Counsel Lafe Solomon released his third memo on how the NLRB regards employee use of social networking sites. And much of this missive is a rehash of earlier stances. The difference in […]

A 10-step plan to protect your firm from wage-and-hour suits

You’ve no doubt heard about the explosion in wage-and-hour lawsuits — and the culprits are usually well-meaning managers trying to keep payroll costs down. Jonathan Segal of the law firm Duane Morris, writing in a recent blog post, cautions that “it takes just one manager to edit down an employee’s time to stay within budget […]

Execs expect to hire, but brace for new regs, workplace challenges

New research says that more than seven in 10 U.S. employers will be in hiring mode in the coming year. Despite that positive outlook, however, they’re expecting a bumpy road ahead. The national employment law firm Littler Mendelson recently released its 2012 Executive Employer Survey, and the feelings of the 957 in-house counsel, human resources […]