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New Employee Classifications Could Change How You Categorize Staff

PeopleStrategy

Analyze whether the employer dictates the work schedule, provides instructions on how tasks should be completed, or exercises significant oversight over the worker’s activities. Assess whether the worker’s specialized knowledge or ability to exercise independent judgment significantly impacts the outcome of their work.

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Workforce Planning Model: Process, Benefits, Elements & Examples

HR Lineup

This includes predicting retirements, turnover rates, expansion plans, and changes in skill requirements. Implementation: The workforce planning model is not merely a theoretical exercise but requires effective implementation. Forecasting : Workforce planning relies heavily on accurate forecasting.

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401(k) glossary: Your guide to retirement terminology

Guideline

Saving for retirement should be simple. Put some of the blame on retirement’s complex terminology. Guideline believes that saving for retirement should be easy for everyone. Consider this glossary your secret decoder ring to all-things-retirement. Scroll below to learn how individual retirement accounts (IRAs) work.

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DOL’s Updated Guidance on Proxy Voting Lets Plan Fiduciaries Exercise Shareholder Rights

HR Daily Advisor

Department of Labor (DOL), in late December 2016, reinstated earlier guidance on proxy voting for plan fiduciaries that encourages them to “responsibly” exercise their rights as shareholders. by Jane Meacham, Contributing Editor. Removes Perceived Impediments’. 2015 Reversal on ESG Factors.

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Business’s Retirement Plan Tax Deduction Can Increase Owners’ Personal Tax Deductions

HR Daily Advisor

Retirement plans always have been an excellent vehicle for creating current tax deductions for businesses. For a business that passes through income to its owners, the business’s retirement plan often is designed to reduce each owner’s personal taxable income by a share of the retirement plan’s contributions.

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Can Employee Handbooks Help With Compliance?

Zenefits

Employee handbooks are a practical way to communicate company policies, introduce workplace culture, and cover key compliance issues on the state and federal levels. Creating an employee handbook may feel daunting, but it’s a good exercise in formulating your company’s policies on, well, everything. Comply with compliance laws.

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Finally: Feds release the new fiduciary rule for retirement plans

HR Morning

Compliance date extended. In a nutshell, the bill aims to grant retirement plan participants greater protections by requiring brokers and advisers to act in their clients’ best interest when doling out investment advice. Preserve access to retirement education. Distinguish “order-taking” as a non-fiduciary activity.