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How to Handle Age Discrimination in Hiring and Retention

Zenefits

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. Before we get into all the details, let’s define ageism, look at some examples, and highlight ways to reduce age discrimination in the office.

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Retirees Are Re-entering the Workforce: What It Means for Employers

Zenefits

Retirement-aged employees, as well, found themselves heading for the door. The Employee Benefits News website says , “Retirement-aged employees were the first to go when COVID began.” As employers sought to cut costs to cope with the economic fallout from the pandemic, many decided to begin with retirement-aged employees.

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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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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? A common fear for HCEs is that their plan will fail discrimination tests.

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

Zenefits

The strategy should address and prevent common workplace inequities, such as discrimination, based on: Gender. The age of your workforce is also identified in your current situation, as it’ll help you determine if there will be a wave of retirements soon that could affect your staffing situation. Disability. Background.

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

Zenefits

Typically employers don’t offer other contingent staff benefits, like retirement plan contributions, education benefits, sick, vacation and personal time off. They complained they were routinely excluded from company communications, even those about discrimination, misconduct and safety. appeared first on Zenefits Blog.