Tag: MBA

Pros and Cons of Using Employment Contracts

Does your organization use formal employment contracts? An employment contract is an agreement, signed by both parties, that outlines the terms of the employee-employer relationship. It usually includes things like:

OSHA 101

While OSHA is practically a household word, not everyone knows how the Occupational Safety and Health Administration (OSHA) is administered or what powers it has. Let’s take a look.

What is the WARN Act?

Closing down a plant or laying off employees is a big decision for an organization, and it directly impacts the lives of all of the employees involved. Giving employees ample notice of such a transition is the idea behind the Worker Adjustment and Retraining Notification (WARN) Act.

Must You Provide a 401(k)?

Given how ubiquitous 401(k) plans are these days, you might assume that they are practically legally mandated. The fact remains, however, that employers in the United States do not have any obligation to offer a retirement savings benefit to employees though many opt to do so now that employee pensions have all but disappeared.

What is the WARN Act?

Closing down a plant or laying off employees is a big decision for an organization, and it directly impacts the lives of all of the employees involved. Giving employees ample notice of such a transition is the idea behind the Worker Adjustment and Retraining Notification (WARN) Act.

What is a Living Wage Ordinance?

Have you heard the term “living wage”? What is it, and how does it differ from similar terms like minimum wage or prevailing wage? Let’s take a look.

Do You Offer Life Insurance to Employees?

Insurance is one of the most common employee benefits employers opt to use to entice top talent to their organization. One such example is life insurance. It’s often quite affordable to provide because employers can get group discounts that are unavailable to individuals acting alone. Therefore, it provides coverage for employees at a lower premium […]

Must You Pay Employees When They’re on Jury Duty?

Jury duty is one of our civic responsibilities as individuals, but it can be arduous—it takes time away from work and even in some cases, time away from family, too. This can raise legal and policy questions for employers. Must an employer pay an employee who is not working because he or she is required […]

benefits

What Are Flexible Benefit (AKA Cafeteria) Plans?

Flexible benefit plans (also called cafeteria plans) offer employees multiple choices of benefits that are paid for by salary contributions on a pretax basis. These plans give employees a choice of which benefits they would prefer to take, and they also give employees the choice to forgo the benefit and take a cash option instead.