Tag: Employee Benefits

Checklist for Drafting Executives’ Contracts

by Peter M. Panken Drafting executive employment contracts requires attention to myriad details. The higher up the executive, the more likely there will be detailed negotiation of the terms. And when negotiating with an incoming CEO, CIO, or CFO, an HR executive is faced with tough negotiations with a future boss. Keep up with the […]

Using Wellness Programs to Reduce Health Care Costs

by Susan Fahey Desmond In addressing the ever increasing costs of health care in the United States, Congress is looking at options that would theoretically make health insurance more affordable to Americans. The task of making health insurance more affordable to all is monumental. President Obama has said, “There’s no quick fix; there’s no silver […]

Are Single, Childless Workers Shortchanged by Benefit Plans?

by Hillary J. Collyer Over the past two decades, the American workforce has enjoyed a significant increase in family-friendly policies in the workplace. Yet are those “family-friendly” benefits fair to all employees? Employees without children wonder whether they receive less valuable corporate benefits than their counterparts with children. Employers are prohibited from providing unequal benefits […]

Cutting Corners When Cutting Employee’s Hours Can Cost Employers

As surely as the word “layoffs” have become part of nervous break room conversations in companies across the country, enterprising employers have sought out creative alternatives to the standard layoff regime of cost-cutting. Using tactics such as hiring freezes, offers of unpaid leave, shortened workweeks, and even pay cuts, employers may be able to avoid […]

Retirees Win Right to Sue for Fund Mismanagement

In a major ruling, the First U.S. Circuit Court of Appeals held that employees who retire and receive lump-sum distributions from their company’s defined-contribution plan, such as a 401(k), have the right to sue the administrators of the plan if they don’t believe their moneys were managed wisely. As our population ages and our economy […]

Same-Sex Marriage Rulings May Affect Employers in Other States

(Update May 26, 2009 – California Supreme Court rules that same-sex marriage ban — Proposition 8 — passed by voters in November 2008 is legal but 18,000 same-sex marriages performed before the ban was approved are valid.) A recent decision by the California Supreme Court on same-sex marriage may have implications for employers in other […]

Legal Issues When Reducing Employees’ Hours, Wages

by Kara Shea We’ve received many questions lately from employers facing tremendous pressure to reduce their operating expenses. Some proposed cost-cutting efforts implicate various employment laws. Since things may get worse before they get better, I’m undertaking a series of articles to address some of the issues you may encounter in the months ahead. I’ll […]

Looking at the Basics of a 401(k) Plan

by Gary Jiles Q. How do I go about starting a 401(k) plan for my employees, and what are some of the general requirements? Keep up with the latest changes in laws regarding employee benefits with the Benefits and Compensation Law Alert. A. Choosing to offer a 401(k) retirement savings plan for your employees is […]

Yahoo for Google!

by Mark I Schickman “Google” has already become a popular verb, meaning to research a name through Internet sources. The word is about to get a secondary meaning: “to provide wall-to-wall perks to company employees.” Largely because of those broad and unusual employee benefits, Google has taken a lock on the top slot on Fortune […]