Section 408(b)(2), a 2012 regulation for retirement plan fiduciaries enacted by the Department of Labor, was effective Jan. 1, 2012. Here are some fast facts about 408(b)(2):
7 Ways to Use HR Metrics
Using HR metrics and data can be a useful strategy to uncover areas of opportunity and improvement, establish yourself or department as a strategic partner, and demonstrate your case when recommending new courses of action or programs. Here are 7 ways to effectively use HR metrics in your organization.
5 Pay Trends You Need to Know
If your organization is in the process of determining compensation for the rest of 2011 and budgeting for 2012, here are 5 important pay trends that you should know related to salary increases and bonuses.
5 Things that Top Workplaces Do Differently
Over the years, we’ve found a few simple, but consistent practices that differentiate average employers from top workplaces. Here are 5 things top workplaces do differently than other organizations to attract and retain the best talent.
3 Tips to Help Workers Beat the Heat
The August heat presents challenges for employees who don’t have the luxury of working in comfortable office settings – such as manufacturing workers and outdoor employees. Specifically, heat can impair mental alertness, physical performance, and safety, and may also lead to more conflict. Here are three ways you can help employees “beat the heat” to stay productive and safe.
Is Your FMLA Program putting you at Risk?
Employers are increasingly faced with significant challenges in effectively managing FML and state leave related absences. Inappropriate administration and mismanagement of absences can cost an employer millions of dollars in revenue, production and legal fees. Today’s employees are becoming more knowledgeable on the use of FML and state leave benefits. As their knowledge and use of these benefits increase, so too will your associated administrative and personnel costs. To combat increasing costs associated with employee absences, it is both financially and administratively critical to have a solid, well governed absence management program in place.
4 Ways to Manage Employees’ Needs
We often define quality of managers by how they make us feel – how they energize and move us through encouragement, support, and inspiration. As a manager, your role is similar to an essential energy source – feeding employees’ needs and sustaining your team’s motivation. Knowing how to energize and motivate your employees requires addressing (4) of their most basic needs.
4 Ways to Motivate Employee Wellness
Wellness programs have the best of intentions: to improve employee health, cut health care costs, and enhance productivity. Motivating employees to engage and participate in wellness programs and make lasting lifestyle changes, however, can be challenging for employers. Here are four (4) ways organizations have been successful in motivating employee wellness.
DOL enacts Section 408(b)(2) for retirement plan fiduciaries
Section 408(b)(2), a 2011 regulation from the Department of Labor, requireed retirement plan fiduciaries, including plan sponsors and investment committees, to understand all fees and expenses associated with their retirement plan. Plan sponsors must also be able to determine if their fees are competitive, or “reasonable” in relation to the services they receive.
Few Local Employers Laying Off Employees, Outsourcing Jobs
According to the results of the 2011 ERC/Smart Business Workplace Practices Survey, only 5.6% of organizations are anticipating layoffs in 2011, the lowest percentage reported by the survey in the preceding 11 years. Additionally, the results show that the percentage of employers outsourcing jobs overseas had also declined.
7 Ways to Respond When an Employee Quits
Employers often must deal with turnover and resignations of their best people. When an employee quits, there are many right and wrong ways to respond. Here are 7 critical questions to ask to guide your responses and actions when an employee says “I quit.”
5 Common Types of New Leaders
Some employees aspiring to be managers or leaders struggle at first when they take on these new roles. Here are 5 common types of employees that grapple with management and leadership responsibilities, and suggestions for how to help them in their roles.
