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401k

IRS: Missed 401(K) Loan Repayments Can Be Made Up Without Being Taxed

An Internal Revenue Service (IRS) Chief Counsel Advice memo issued to assist counsel in one of the agency’s regional offices provides two ways missed 401(k) loan payments can be handled without taxing the participant in plans permitting a cure period for such skipped payments. The guidance—while neither a precedent or legally binding—may be beneficial for […]

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4 Ways Companies Can Attract Millennial Job Seekers

In 2015, Millennials surpassed Gen Xers as the largest demographic in the United States workforce. Typically considered as anyone born between 1984 and 1997 (give or take a few years depending on your definition), the current Millennial ranges from anyone in their early 20s to their mid 30s. In terms of the work force, that […]

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3 Critical Challenges to Address in Every Employee Burnout Prevention Strategy

Sponsored by - Kronos

Employee burnout. Everyone’s heard of it and most of us have probably complained about feeling burnt out at one point or another. How can we not? For many, the pressure to succeed at work has never been higher. This is true for both hourly and salaried employees, as the opportunity to unplug has become increasingly […]

wage

Wage and Hour: Is It Legal to Suspend an Employee Without Pay as a Form of Discipline?

QUESTION: My company often sends employees home without pay for various offenses, such as egregious dress code violations, insubordination, and slacking off. Sometimes, the employee is told to return the next day, and sometimes the suspension runs for a few days or more while we investigate. I wouldn’t want anyone to know I’m asking, but […]

6 Steps to Conflict Resolution in the Workplace

Conflict resolution in the workplace can be broken down into steps to simplify the process. By doing so, HR and managers can ensure more effective communication and a more effective conflict resolution process. Here are six steps to the conflict resolution process: Clarify what the disagreement is. Clarifying involves getting to the heart of the […]

The 14 Qualities of Great Leaders

In today’s Advisor, business and leadership blogger Dan Oswald offers his thoughts on qualities of great leaders. (Oswald, CEO of BLR® offers these thoughts weekly in The Oswald Letter.) Marvin Bower joined McKinsey & Company in 1933 and served as the management consulting firm’s managing partner from 1950 to 1967. In 1997, he published a […]