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401(k) 101: A Benefit for Employers and Employees Alike

HR Daily Advisor

Since 401(k) retirement savings plans first appeared in the early 1980s, they have grown rapidly. In this article, we’ll look at some of the key benefits 401(k)s provide to both employees and employers, as well as some important practical considerations. Why should you consider adopting an employee savings or 401(k) plan?

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An Introduction to Cafeteria Plans: Permitted Tax-Exempt and Taxable Benefits

HR Daily Advisor

By definition, cafeteria plans allow employees to choose between cash and a variety of employer-provided benefits without having to include the value of their chosen benefits as taxable income. Cafeteria plans are popular because they allow employees to design individualized benefits programs that suit their own special needs.

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HR’s Guide to Dealing With Office Smells

Namely

Naturally, your HR department is the first stop for employees looking to air their grievances (and hopefully not much else). In 2005, a Michigan disc jockey was awarded a $10.6 Body Odor There are few HR jobs more daunting or awkward than confronting an employee about body odor. Some 62 percent of U.S.

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Flexible Spending Accounts (FSAs): 2 Exceptions to ‘Use-It-or-Lose-It’

HR Daily Advisor

Note: This article references content from The Flex Plan Handbook, with thanks to editor Rich Glass of Mercer, LLC. Arrangements outside a cafeteria plan adjusting salary to compensate for health FSA for­feitures may jeopardize the qualification of the FSA under Section 125 because this could be viewed as impermissible risk-shifting.

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401(k) Hardship Withdrawal Rules Explained

HR Daily Advisor

To ease employees’ concerns about access to their elective deferrals in the event of a financial emergency, an employer may provide for hardship withdrawals in its plan. For employers, it increases the adminis­trative burden of operating the plan; for employees, making preretirement withdrawals can sig­nificantly drain retirement savings.

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Why Employees Stay at Small Businesses

Capterra

” is a question plaguing the minds of small business leaders and HR practitioners. If you bury your mission and values in the back of the employee handbook, no one will follow them, let alone remember what they are. “How do we keep our best employees?” When we looked at age though, we discovered something interesting.

ATS 50
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People Analytics and HR-Tech Reading List

Littal Shemer

This list of People Analytics and HR-Tech books is not exceptional. So here is my People Analytics and HR-Tech reading list on Kindle (no paper books, as I like the trees), ordered chronologically from newest to oldest. (Reading Time: 26 minutes) Let’s face it. There are too many professional books one can read in a lifespan.