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How to Handle Age Discrimination in Hiring and Retention

Zenefits

According to the AARP, 62% of employees over the age of 50 face ageism at work. And while many consider 50 to be the age that tips older employees into the realm of ageism, workers as young as 40 have experienced age discrimination. Ageism is another word for age discrimination. What is ageism in the workplace and the ADEA?

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What California Employers Need to Know About the 2022 Retirement Plan Deadline Mandate

Zenefits

To help California employees save for retirement, the state of California passed legislation requiring private sector employers in California to offer a qualified retirement plan. California’s retirement plan mandate: Background. California’s retirement plan mandate: Background. CalSavers: Employer obligations.

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Businesses Rely More Heavily on Contingent Workers, but at What Cost?

Zenefits

Hourly wages can be on par with permanent staff (not at all companies) but the savings in taxes can be substantial. Because they are contracted to perform, and their contract can be pulled at any time, these workers often work harder to maintain their status. appeared first on Zenefits Blog. Tax benefits of contingent workers.

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Could an Early Retirement Package Incentivize Employees to Retire?

Zenefits

Annual raises and bonuses can put these staff members at the highest level of compensation, often for decades, as their organization waits for them to retire. If they don’t, it may be time to develop an Early Retirement Incentive Program. Are they retirement ready? An ERIP can be beneficial in more ways than financial.

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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? It looks at the benefits, rights, and features of a plan.

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Do You Have a Human Resources Strategy? Here’s Why You Need One

Zenefits

It provides consistent messaging to employees at all levels of the business. The strategy should address and prevent common workplace inequities, such as discrimination, based on: Gender. The strategy should support the core business values, from seeking innovative solutions to fostering work-life balance. Clarify expectations.

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Attracting Top Talent in Today’s Evolving Workforce

Zenefits

Ankur Patel , Director of Product Marketing at Zenefits, identifies 4 critical trends and the forces behind them for small and medium-sized businesses. . They opt for early retirement or go freelance, taking advantage of emerging gig opportunities. At the same time, new work styles are emerging.