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Biden executive order on ‘trustworthy’ AI: What HR needs to know

HRExecutive

Key points in the document include standards for the security and responsible development of AI technologies, respect for individual privacy and data security and avoiding bias and discrimination in the use of AI. The forum—along with software companies ADP , Indeed, LinkedIn and Workday—created recommendations for HR teams.

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How technology is helping solve the compliance conundrum

HRExecutive

Keeping up with compliance , a moving target within the human resource space, affects employers of all sizes. And as compliance continues to grow more complicated, antiquated systems for staying on the right side of the law are being replaced by technology-driven solutions that can simplify success in reducing legal exposure.

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Hewlett Packard Enterprise Reaches $8.5 Million Pay Gap Settlement

Trusaic

Computer information technology company, Hewlett Packard Enterprise reached a settlement regarding allegations of pay discrimination late last week. This is not the first time Hewlett Packard has been charged with alleged pay discrimination. In 2020, the collective Hewlett Packard firm, including Enterprise and Inc., agreed to pay $1.45

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Check W-2, Box 12 Code D to ensure 401(k) compliance

Business Management Daily

The IRS uses those codes to determine compliance with other sections of the tax code, like 401(k) compliance and teasing out employees who earn too much to make tax-deductible IRA contributions. you’re not using a safe harbor plan) you must ensure it doesn’t discriminate in favor of highly compensated employees.

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EU transparency directive moves forward, more employers address pay gaps

HRExecutive

. - Advertisement - Traditionally, the burden of establishing pay discrimination rested on the employee, but Zurich-based reward consultant Rachel Gibbs says the EU directive amounts to an “enormous change,” putting the onus of proof on employers. While there are currently no requirements for U.K.

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401(k) Nondiscrimination Tests: How to Stay Compliant

Guideline

According to the IRS 401(k) Plan Overview : “[These tests] verify that deferred wages and employer matching contributions do not discriminate in favor of highly compensated employees.”. There are two annual nondiscrimination tests a 401(k) sponsor must pass: The Actual Deferral Percentage (ADP) test. Applying the ADP/ACP Tests.

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What is 401k Discrimination Testing?

Zenefits

Every year, the Employee Retirement Income Security Act ( ERISA ) requires employers to undergo 401k discrimination testing to ensure plans are not discriminating against lower-income employees. What is a 401k discrimination testing? The Actual Contribution Percentage (ACP) is another variation of 401k discrimination testing.