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News Notes: Classification Mistakes Prove Costly For Employers

Several large employers have recently run into expensive problems over the practice of handing out assistant manager titles, allegedly to avoid paying overtime to employees who perform largely the same work as nonexempt personnel. Workers are calling such tactics unfair labor practices and are suing for back overtime pay and damages. Two such cases are […]

Ways and Means Okays Bill to Repeal OTC Rules

Employers and plan administrators that find the over-the-counter drug rules put in place by the health care reform law to be onerous may have relief, if the Ways and Means Committee has its way. The committee on May 31 in a 24-9 vote ordered H.R. 5842, the Restoring Access to Medication Act, reported to the […]

Retirement Plans: Automatic Enrollment Only Part of Equation for 401(k) Savings; Tips for Ensuring Quality Enrollment

Only 25 percent of the 300 mid- to large-sized employers polled in a survey by global HR-services company Hewitt Associates said they viewed a high participation rate in their 401(k) plans as the prime measure of the plans’ success. The survey indicated that more employers are placing less importance on the number of employees enrolled […]

HOT LIST: BusinessWeek’s Bestseller List

BusinessWeek ranks business books that are the most recent bestsellers. 1. StrengthsFinder 2.0: A New and Upgraded Edition of the Online Test from Gallup’s Now, Discover Your Strengths by Tom Rath 2. The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Timothy Ferriss 3. Women & Money: Owning the Power to […]

Health Coverage Premium Subsidies: One Step Closer to Extension?

At least in the Senate, a consensus is being reached on trade adjustment assistance that could lead to an extension of premium subsidies under the Health Coverage Tax Credit (HCTC) program. Here are two snippets from a joint statement issued Wednesday: [Senate Majority Leader Harry Reid (D-Nev.)]: “My staff and Senator McConnell’s staff have been […]