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.

In the waning days of last year, the president inked the Gulf Opportunity Zone Act of 2005. This new legislation, following close on the heels of the Katrina Emergency Tax Relief Act (KETRA), includes various tax measures benefiting victims of Hurricanes Katrina, Rita and Wilma.
Each year, Congress and the IRS throw a few new ingredients into the tax-return stew. Here are some key tax-law changes that will affect your 2005 business returns.
Sadly, the bonus depreciation rules have expired. That means you’re stuck with regular depreciation deductions under the Modified Accelerated Cost Recovery System (MACRS), which requires you to write off business equipment over several years. Don’t despair.

The romance and excitement of the Valentine's Day holiday is all well and good...at home. The last thing employers want to do is play matchmaker for their employees. Dating restrictions have long been put into place to avoid the risk of sexual harassment claims, complaints of favoritism, and distracted workers. Legal opposition to romance policies is pretty low. In 2005, one employer took this concept a step further and created a policy that prohibited employees from fraternizing on duty or off duty, dating, or becoming overly friendly with client employees or co-employees.

As a small business owner, you want to reward your top performers. But there’s a drawback to doling out stock to highly valued employees: You’re diluting your ownership interest.
Say you want to open another office or relocate to a more modern space, but you can’t afford to lease or buy a new location. One possible solution: Contract for a “virtual” office.
Hugh Panero did not give up. The chief executive at XM Satellite Radio spent two years recruiting investors to support his plan for becoming the world’s largest subscription radio service. He nearly saw it slip away when the backers set a make-or-break deadline.
Here are a few precepts, drawn loosely from the Lewis and Clark expedition, of maintaining a realistic optimism while leading your team into the unknown:
Many people associate Billie Jean King with the overhyped “Battle of the Sexes” tennis match she won in 1973 against Bobby Riggs, who’d proclaimed himself the world’s biggest “male chauvinist pig.” What most people don’t realize is that, in an era when women athletes were treated like ornaments or freaks, King almost single-handedly forced the U.S. Tennis Association and tennis promoters to pay them on a par with their male counterparts.
Executive misconduct costs organizations an average of $900,000 a year: more than six times the cost of manager misbehavior. Harassment and other gender-related misconduct lead the list. So, what do you do?