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Human Resources

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.

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.

Some employers turn to electronic résumé-screening services to sift through the increasing number of job applications submitted online. The services help weed out applicants who appear to lack qualifications.
Under a tax-law crackdown in the 1990s, you can no longer deduct the cost of your annual country club dues, even if you use the club mostly for business meetings.
Lee Roy “Monk” Davis epitomized the word “striver.” An African-American honors student who became a star on the 1971 high school football team mythologized in the movie “Remember the Titans,” Davis earned his place as a starter more through hard work than talent.
Here’s how a corporate recruiter would advise you to land a job as an executive in a public company:
Q.  According to your write-up on the pension law, the law didn’t extend other tax breaks such as R&D costs. Does that mean those breaks are eliminated for 2006?

When it comes to time off, it seems that all the talk is about paid time off (PTO) programs. But just because Traditional programs might not receive as much of the HR spotlight, it doesn't mean these programs, which separate vacation, sick, and personal time, have gone out of fashion.

Are some tax breaks being eliminated in 2006?

Ask employees which job perks they appreciate the most, and chances are, a company car or gym membership is not going to top the list.  Nowadays, most employees appreciate anything their employers do to help them achieve a work/life balance.

Feeling the pinch of rising fuel prices? It’s affecting 43 percent of small companies and moderately affecting 32 percent of them, says a new survey by the National Small Business Association.