The Internal Revenue Service (IRS) and U.S. Treasury Department on July 20 issued final regulations amending the definitions of qualified nonelective contribution (QNEC) and qualified matching contribution (QMAC) for employer-sponsored retirement plans to resolve questions about whether participant forfeitures can be used to fund QNECs and QMACs.
Usually payroll moves along smoothly. You record time worked and pay the hourly wage or overtime. Still, every once in a while, a situation crops up that makes you shake your head and start frantically thumbing through your policy manual for an answer. Here are a few common issues.
A federal court in Louisiana recently addressed the legal consequences of mixing work and pleasure in a case in which a company’s HR manager alleges she felt obligated to have sex with one of her superiors.
To get the most out of your training and development programs, it is necessary to have an effective learning strategy. In part one of this article, we discussed the importance of conducting a training needs analysis as well as identifying the organization’s capabilities. Here, we’ll identify what effective training looks like and explore best practices […]
by Dan Oswald Many leaders believe they must have all the answers—that it’s their responsibility to have the answer to every question and the solution to every problem. In my estimation, it’s more important to ask the right questions than it is to always have the answer. You see, it’s the questions that allow people […]