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.

The federal Fair Labor Standards Act, which regu­lates overtime pay, has for decades been a chal­lenging obstacle course for managers.
Earlier this month, coffee giant Starbucks Corp. was forced to withdraw an employee discount for a free iced coffee at its shops in the southeastern United States after things got out of hand.
When you mention employment compliance training to managers and supervisors, do their eyes glaze over? Do they start yawning? Not many companies can boast of having supervisors that jump at compliance training opportunities. While you may not be able to make your managers look forward to the training, you can help make them appreciate it.
As a mover and a shaker at your company, you’re doing yourself a disservice if you don’t try to latch onto every perk that comes your way. Why? Because a tax-free benefit can be more valuable than a raise in salary.

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?