Handling an employee termination meeting is dreaded from both sides—they’re no fun for anyone involved. But with ample preparation you can take steps to help the meeting go as smoothly as possible.
The employer responsibility provision—commonly known as the “play or pay” provision— of the Affordable Care Act (ACA), was originally supposed to become effective January 1, 2014, but in July 2013, the Obama administration delayed its implementation until 2015. In February 2014, the administration released final regulations making further changes to implementation of the provision.
Retirement saving rightfully gets a lot of press, since it affects all of us. One of the most widely talked about retirement vehicles is the 401(k) plan, in which employees can make tax-deferred contributions to plans administered through their employer. It’s become the default retirement savings scheme for most people, replacing pensions, and there are actually a lot of options out there when it comes to 401(k) administration. One option that has come up a lot in recent years is the opt-out 401(k) plan.
With the recent tragic death of comedian and actor Robin Williams, my family and I decided to watch one of his many great films over the weekend, Dead Poets Society. The movie is about a group of boys at a private prep school. It’s there that they meet Professor Keating, their new English teacher, who is played by Williams.
We all know the cost of employee turnover is high. It only gets higher as the unemployment rate drops since it can take longer to fill a vacant role—thus increasing the time to regain productivity. Keeping good employees onboard is key to an organization’s success—but how can an employer increase employee satisfaction and thus increase retention rates?