As was the case in the prior fiscal year, the Pension Benefit Guaranty Fund did not incur any multibillion-dollar losses in fiscal 2011.Read More
Nearly 96 percent of participants enrolled in target-date funds in 2007 were still using them in 2009. And because more target-date fund products are in the marketplace, expenses are dropping. Despite their popularity and lower prices, target-date funds have their critics.
Target-date funds employ a mix of stocks and bonds that are put on a set glide path.Read More
As part of an expansion, our company plans to shift the human resources and finance departments to different floors, away from the business. We're not changing our HR focus or team structure, but I'm worried we'll lose the tight interaction HR has with business units. Another concern: if HR becomes a destination, instead of a quick Q&A in the hallway, employees and managers may feel less comfortable approaching us. How do we sustain our collaborative culture during this transition?
Worker and employer contributions to a 401(k) plan are capped at $49,000 or 100 percent of a worker's pay, whichever is lower, under the current federal tax code.Read More
According to background information issued by the EEOC last year, the proposed rule emphasizes the need 'for an individualized, case-by-case approach to determining whether an employment practice is based on reasonable factors other than age.'
To understand why Cain and the NRA may have reacted to the allegations in the manner they initially did, one needs to understand the relevant climate of the 1990s.Read More
A corporate merger can be a challenging and exciting opportunity for a human resources leader, according to Greg Besio, executive vice president and chief human resources officer of Aon Corp. Besio found plenty of challenges last year when Aon Corp. acquired Hewitt Associates. Besio recently spoke with Workforce Management senior writer Rita Pyrillis about the process in this excerpt.Read More
One consultant adds that employers also should optimize employee use of established wellness offerings, such as weight-loss or smoking-cessation programs that otherwise may be underutilized.Read More