Multiemployer Pension Plan Funding Nears Peak Since 2008 Crash, Study Says

HR Daily Advisor

Multiemployer retirement plans’ funding in the first half of 2017 neared its best position since the market collapse of 2008, according to a new study by the actuarial consulting firm Milliman. Milliman said the gap between the funded percentages of multiemployer plans in critical status versus plans not in critical condition has continued to widen considerably since the market crash in 2008. Jane Meacham is the editor of BLR’s retirement plan compliance publications.

Study 42

Beyond Compliance: The Cost of Training

TalentCulture

On September 12, 2008, a commuter train in Los Angeles collided with a freight train head on, with 25 people left dead in the aftermath. The responsibility of compliance is grave. Since the 2008 financial crisis, the level of scrutiny coming from regulatory organizations has only gone up. Organizations miss out when they cut corners on compliance or staff competency and expect that value to come from staffing alone.

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Foundation 2.0: Are Networks the Future of Philanthropy?

Transparent Office

A clinic in Tanzania wants to know how to increase compliance with a malaria treatment regimen. If I'm trying to increase compliance with a particular drug regimen in Tanzania, it is incredibly useful for me to connect with other practitioners who have done (or at least tried to do) the same thing in other parts of Tanzania, sub-Saharan Africa, or the South Side of Chicago.

DMS and Collaboration Suite: Friends not Foes

Transparent Office

It got its start in the legal departments of pharmaceutical companies, who were concerned to make sure that their companies were producing documentation in full compliance with regulatory requirements. What's the relationship between a document management system (DMS) and an enterprise collaboration suite like Socialtext ? The other week, I was meeting with a project team at a large retail bank who is bringing Socialtext into their organization.

Why Your Business Needs Regulatory Compliance Software 

360 factors

Management often wonders where this need for regulatory compliance software suddenly came from, and we cannot really blame them for thinking this way. Banks and financial institutions have been running perfectly fine for centuries now without needing financial compliance software, so why do they need them now? The first factor that creates the need for compliance monitoring software is the stricter regulatory environment banks and financial institutions now face.

Trends That Will Shape The Future of Bank Risk And Compliance Management

360 factors

Risk and compliance management are both dynamic domains that evolve over time. Risk and compliance are affected by a changing business landscape, the economy, customer demands, corporate vision, and much more. Creating a future-forward risk and compliance management framework.

Firing After a Non-Resignation Resignation?

Evil HR Lady

Whatever you do, make sure you are in compliance with state and federal law. (NY Dear Evil HR Lady (Oh - I do love that title): I am the general counsel for a small engineering firm in NY, and as such, spend a great deal of my time working with the Human Resources department. Most of the time, it's a kick, but this problem's got even me confounded.

Surfing the Web

Evil HR Lady

Be in compliance. Why do most companies say you can’t use their computers, internet connections, etc. for anything other than business purposes when they know people probably check out Ebay from time to time or use their company email account to visit a blog site on occasion? Is this just zero tolerance to avoid a slippery slope or is there some other “evil” HR reason behind this?

HR, Benefits, and Payroll Compliance Trends for 2021

Zenefits

To help you prepare, we’ve rounded up human resources, benefits, and payroll compliance trends to look out for in 2021. Mental health parity laws, including the federal Mental Health Parity and Addiction Equity Act (MHPAEA) of 2008. Benefits Compliance Coronavirus SMB Trends

Why a ‘Culture of Compliance’ in Banking Should Be Second Nature

Workday

Regulatory compliance in banking is a lot like eating your vegetables. Banks often refer to those consequences, such as hefty fines or a damaged reputation, as motivators for compliance-driven change. Banks that adopt compliance as a cultural practice find they gain the agility and efficiency necessary for long-term health and adaptability. Immediately after the 2008 financial collapse, reforms focused on the avoidance of another economic meltdown.

New ACA-Related FAQ Arrives From Various Government Agencies

ACA Times

The crux of the FAQs involves the Mental Health Parity and Addiction Equity Act of 2008 and coverage for mental health related issues, such as addictions and eating disorders. We’re committed to helping companies reduce risk, avoid penalties, and achieve 100% ACA compliance. Affordable Care Act Department of Labor (DOL) Mental Health Parity and Addiction Equity Act of 2008 U.S. The U.S. Treasury Department, in conjunction with the U.S.

Governor Michelle W. Bowman Talks About Lowering Regulatory Compliance Requirements for Community Banks

360 factors

Community Banks and Regulatory Compliance Requirements. The financial crisis we went though in 2008 has resulted in stricter regulatory requirements for banks. The rising costs and complexities of the regulatory compliance requirements for banks were particularly hard on community banks. The regulatory compliance requirements for these banks should not also apply to community banks. Regulatory Change Management Regulatory Compliance Regulatory Compliance Software

EffortlessHR Enhances Services’ Value for Customers with New Compliance Center

Effortless HR

Tucson, AZ (June 13, 2017) – EffortlessHR™ has expanded its partnership with Enquiron ® to deliver the EffortlessHR Compliance Center, a custom-tailored employer solution with a focus on HR and employment law. EffortlessHR, Inc, founded in 2008, is incorporated in the state of Arizona with headquarters in Tucson, AZ and provides HRIS to US companies in all 50 states. .

Enterprise Adoption: Why wikis aren't like other IT

Transparent Office

It's relatively easy to force compliance around a Purchasing, HR, or Finance system: simply mandate usage and take away the alternatives. If you look at adoption patterns at the enteprise level, wikis are an unusual technology. Most enterprise IT deployments are all about standardization and scale. A purchasing system reduces procurement costs by aggregating purchasing power across business units.

ODEP Publishes Survey of Employer Policies on the Employment of People with Disabilities

The OutSolve Blog

2018 Survey builds on the 2008 survey which OFCCP uses to engage and inform contractors through compliance assistance and during compliance evaluation

Four Major Trends For Compliance Professionals In 2019

Forbes Leadership Strategy

Financial institutions have spent heavily on compliance since the global financial crisis of 2008. Here are four key trends we see on the horizon in complianceBut this year we are seeing shifts in their spending levels and operating models.

The Pregnancy Discrimination Act: A Critical Step Towards Women’s Equality

Accurate Background

Additionally, 2008 also saw expanded protections for disability; notably, the ADA Amendments Act of 2008 made it more seamless and transparent to show that a medical condition is a covered disability, providing even more vital rights to pregnant women and disabled individuals.

2022 IRS Business Mileage Rate of 58.5 Cents Calculated Using Motus Cost Data and Analysis

Runzheimer

cents from the previous year and will go into effect January 1, 2022, which ties the highest safe harbor rate the IRS has ever published since they published a mid-year increase in July 2008.

The Genetic Information Nondiscrimination Act: What Is Protected Under GINA?

Accurate Background

However, thanks to The Genetic Information Nondiscrimination Act of 2008 (GINA), those concerns should be alleviated. Compliance Industry Topics

9 Epic Laws That Shaped the American Workforce: What every employer needs to know

Accurate Background

The Genetic Information Nondiscrimination Act – May 21, 2008. ComplianceThis is part of a series of articles exploring the nine major laws that have shaped the American workforce. . Founded in 1965, the U.S.

Labor Code in Iceland

Global People Strategist

In 2008, after having suffered a massive financial crisis, it became successful in increasing its GDP to $23 billion by 2017. Global ComplianceKnown for its beautiful Northern Lights, Iceland is a small Nordic island nation known for its laws on freedom and equality for all citizens.

Workplace Retaliation: What It Is, and Why You Should Avoid It

Zenefits

Title II of the Genetic Information Nondiscrimination Act of 2008 (GINA). System for listening to and resolving employees’ safety and compliance concerns. Establish multiple channels that employees can use to report safety and compliance concerns or violations. Compliance

The PEO Industry in 2020 & Beyond: What The Next Decade Holds

Genesis HR Solutions

Between 2008 and 2017, the number of worksite employees employed in the PEO industry grew at a compounded annual rate of 8.3%, from about 1.8 From 2008 to 2017, the number of worksite employees employed by PEOs grew at an annual rate of 8.3%. “What is our industry’s new normal?”

Vermont Passes Paid Sick Leave Law

HR Daily Advisor

2008), and over 25 local jurisdictions across the country in requiring some form of paid sick leave for employees. Leave Policy/Compliance JDBy Susan Schoenfeld, JD. Vermont is the latest state to join the growing tide of paid sick leave laws in the states and numerous local ordinances across the country.

How HR Leaders Can Make a Business Case for an HR Platform

Zenefits

HR teams are responsible for everything — from the traditional HR tasks to managing your employer brand and remaining up to date with the ever-evolving compliance landscape. Handling proper compliance reporting. Gain confidence about compliance.

Discrimination in the Workplace: How to Handle Complaints

Zenefits

reduction since 2008. Compliance Hiring & RetentionOver the past decade, the rise of social justice movements such as #MeToo and Black Lives Matter have opened discussions about day-to-day instances of discrimination and injustice across our lives. And the workplace is no different.

EEO: Everything you need to know to be an equal opportunity employer

Workable

The Genetic Information Nondiscrimination Act of 2008 (GINA). The EEOC has made it mandatory for companies that meet certain criteria (mostly related to the number of employees and the company’s operations) to fill out a compliance survey with employment data categorized by race/ethnicity, gender and job category. You will also have a detailed compliance (EEO) report at hand. Stories & Insights Diversity & Inclusion Inside HR Compliance Equal opportunity

How People Analytics Delivers Financial Impact [New Report]

Visier - Talent Acquisition

The 2008 economic downturn showed that during a recession, revenue growth is replaced by profit sustainability and for some, profit growth. The value of people analytics is different for each organization.

Minimum Wage in Every State (Updated for 2020)

Zenefits

The last time it was increased was between 2007 and 2008. ComplianceEditor’s Note: Several of these states will have minimum wage increases in 2020, but the amount of those increases is still TBD.

The Link Between Talent Acquisition and Quality Ratings

Hireology

In December 2008, The Centers for Medicare and Medicaid Services (CMS) created the Five-Star Quality Rating System in order to provide patients and their families with a simple way to assess the quality of nursing homes.

FMLA Retaliation: Employment Action Must Cause Actual Harm, Court Rules

HR Daily Advisor

By 2008, she had progressed to the position of assistant director of female services. Leave Policy/Compliance Leave Management retaliationBy Martin J. Regimbal , JD, The Kullman Firm. In a recent decision, the U.S. 5th Circuit Court of Appeals (which covers Louisiana, Mississippi, and Texas) addressed an employee’s claim of retaliation under the Family and Medical Leave Act (FMLA).

Ask the Expert: Employee ‘Exhausts’ FMLA, Now Spouse Has Serious Health Condition

HR Daily Advisor

If an employee used four weeks beginning February 1, 2008, four weeks beginning June 1, 2008, and four weeks beginning December 1, 2008, the employee would not be entitled to any additional leave until February 1, 2009. Leave Management, Policy, and Compliance employees leave Leave Management serious health condition

ADA and FMLA Best Practices Pay Off for Cash-Handling Company

HR Daily Advisor

Melissa” began working as an armored truck driver and guard for Loomis Armored US, LLC, in 2008. Melissa claimed that in late 2008, she suffered a seizure or fainting spell while she was driving an armored truck. ADA & Disabilities Leave Management, Policy, and Compliance Leave Policy/Compliance accommodation disability employer Leave Managementby Martin J. Regimbal. The U.S.

FMLA: Termination Due to Restrictions During High-Risk Pregnancy

HR Daily Advisor

Ena Wages began working for Stuart Management Corporation (StuartCo), a property management firm, as a full-time caretaker at Woodridge Apartment Homes on November 17, 2008. Leave Policy/Compliance Deb Stachowski Ena Wages Leave Management South DakotaBy Stephen W. Jones, JD.

Refusal to Undergo Medical Exam Tanks Michigan Worker’s ADA Claim

HR Daily Advisor

In 2007 and 2008, he alleged that a coworker made disparaging comments about his national origin (Mexican) and complained to his union chairman and supervisor. He was reprimanded twice in early 2008 for failing to carry out his job duties. Sam was cleared by his doctors and returned to work on March 25, 2008. The court acknowledged that the 2008 amendments to the ADA liberalized the standard for determining whether an employer regarded an individual as disabled.

5 Best HR Software & Tools for 2021

HR Lineup

Bamboo HR was founded in 2008 and offers excellent HR Software Solutions. PowerDMS is an innovative compliance software tool that is changing the way companies have traditionally handled compliance documents.

The Rebirth of HR: HR Will Begin Reinventing Itself to Lead These Efforts

Ultimate Software

Just as CFOs’ roles were elevated following the 2008 financial crisis, 2020 will go down in history as the year HR’s impact and innovative potential was fully realized: Strategic, tactical people advocates driving tangible business results.