From employment law to compensation and benefits, FMLA and hiring and firing and more, Business Management Daily provides comprehensive Human Resources updates.
Discover how your colleagues – and competitors – are dealing with discrimination and harassment, employment law, benefits programs, and more.
Military leave concerns not only employees enlisted in the armed services, but their family members as well. Here's a rundown of the employment rights of both military personnel and their families afforded to them by the Uniformed Services Employment and Reemployment Rights Act (USERRA) and state statutes.
Currently, many plan sponsors use money market or similar investments when they must invest employees' 401(k) contributions without direction from them — so-called default investments. Plan sponsors were afraid that other investment options could potentially lead to fiduciary-based lawsuits. With the expected rise of employers using negative-option 401(k)s due to the passage of the Pension Protection Act of 2006, Congress realized that money market investments would not give participants the necessary returns needed for their retirement. As part of the Act, they directed the DOL to issue new regulations that would provide fiduciary relief for plan sponsors that offered default investments other than just money market accounts.