North State SHRM News & Legal Updates
Your source of relevant news in HR in the North State, California and nationwide.
By Andie Burjek Workforce editors Frank Kalman and Rick Bell offer several intriguing stats on CEO concerns as well as a strikingly large number of bosses who left their jobs. They also offer a forecast for hiring in the new year.
For more 5 Minutes of Management, check out our YouTube channel.
The post 5 Minutes of Management: CEOs on the Hot Seat appeared first on Workforce Magazine. …read more
By Rick Bell There are lots of correct ways to respond to employee complaints.
Handcuffing and arresting the employee is most definitely NOT one of them.
Yet, this is exactly what the Vermilion, Louisiana, school board did when a teacher, Deyshia Hargrave, tried to raise concerns at a board meeting about a proposed raise for her boss, Superintendent Jerome Puyau.
Thus, I have nominated this employer as the Worst Employer of 2018.
The New York Times has the details:
The ordeal started when the school board met in a special session to vote on the renewal of Puyau’s contract. As Hargrave spoke against the renewal after the vote, …read more
By Andie Burjek United Technologies Corp. said it has the pension for the 21st century built into its 401(k) plan. It’s called lifetime income, and United is one of the few companies that automatically enrolls workers into the option.
About five years ago, the Connecticut-based aircraft maker reviewed its investment plan options and decided it wanted to offer workers a product that would give them a paycheck for life. The company embedded a lifetime income product into its target-date funds. Participants in these funds would see their assets slowly convert from traditional investments to lifetime income products by the time they hit retirement age.
[Also …read more
By Andie Burjek More than 74 million people have a 401(k) plan to prepare them for the day they don’t have to work. But most employers don’t offer investment options that might help retirees spend what they’ve saved more predictably.
The largest wave of workers is retiring on a daily basis, and they are realizing that they don’t know how to budget a spending plan for retirement.
Such options are called lifetime or retirement income solutions and are similar to defined-benefit plans where participants get a set monthly income. These products are guaranteed or variable annuity options, but instead of purchasing them at retirement, workers …read more
A new year brings new workplace compliance standards—which means that employers may need to revise their labor law posters. …read more
Human resource professionals in California will play a vital strategic role in how businesses navigate critical workplace challenges, including sexual harassment prevention training, the legalization of recreational marijuana and demands for equitable compensation. …read more
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