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As we make strides toward openly discussing race in the workplace, we must also remember that until the passage of the Civil Rights Act of 1964, it was still legal to include “blacks need not apply” in job ads. Once outlawed, explicit discrimination in hiring morphed into implicit barriers, taking on the form of coded […]
Good news! During these times of challenging recruitment, a viable applicant seems interested in your business. What’s the next step to set the hook? A job offer letter serves many purposes. It should enhance the candidate’s interest in the opening and protect your company against claims that it misrepresented the employment opportunity. The letter also […]
When job candidates consider which position is best for them, benefits can be the factor that tips them from one company to another. As an indirect form of compensation, benefits fuel their quality of life. The responsibility of any good company is to provide fair, competitive, and livable benefit options. Therefore, it’s crucial that companies […]
It’s no secret that recruiting is tough these days. And a big issue for many organizations is matching the hefty salaries larger companies in their industry may offer. But there is good news: Offering a flexible total rewards package is easier than you think—it requires some creativity and a shift in perspective.
The U.S. Department of Labor (DOL) issued a final rule making it easier for small businesses to offer retirement benefits jointly through Association Retirement Plans (ARPs).
The Government Accountability Office (GAO) released a study recommending three ways the Internal Revenue Service (IRS) and the U.S. Department of Labor (DOL) could clarify the handling of transfers of millions of dollars in unclaimed savings from employer retirement plans to states. While the study and recommendations had a narrow focus, they build on an […]
By Jane Meacham The U.S. Department of Labor (DOL) on July 11 issued a notice of proposed revisions and other guidance outlining several changes to Form 5500 aimed at keeping annual reporting by employee benefit plans in line with technical, legal, and regulatory changes.
The final seconds barely had ticked off the clock in this year’s Super Bowl before Denver quarterback Peyton Manning faced questions about his future.
Changes Contemplated Our survey shows that 9.8% of employers plan to add or make changes to their 2015 retirement benefits package, 64.9% of employers have no additions or changes planned, and 25.3% are not certain at this point in time. For those that are planning to add or make changes to their retirement benefits, 27.4% […]
86.6% of the employers responding to our 2014 survey offer either a 401(k) or 403(b) retirement savings plan to employees. 60.3% of the employers responding to our survey that offer a 401(k) or 403(b) plan to their employees also provide a matching contribution. 41.4% of employers match employee contributions dollar-for-dollar. 31.3% go 50 cents on […]