Day: March 5, 2012

‘Reasonable Interest Rate’ Debate Continues

Employers and plan administrators will be better able to administer plan loans and meet the prohibited transaction exemption, since the IRS has given them a clearer picture of what constitutes a “reasonable rate of interest.” The IRS has provided this assistance in guidance it published in the Winter 2012 edition of its “Retirement News for […]

Cars, Trucks and Vans: Deduction Limits Out for 2012

Employers will now be able to calculate the depreciation of vehicles — passenger cars, trucks and vans that they provide to employee as a fringe benefit — that they first put into service in calendar year 2012, since the IRS has released the new depreciation deduction limits. Revenue Procedure (Rev. Proc.) 2012-23, released March 4, […]

Six Steps for Avoiding Retaliation Claims?

Retaliation suits may be dumb, but they happen with increasing frequency. What should HR do? Here are tips from attorney Joan S. Farrell, BLR Legal Editor: Have a written policy.  As the backbone for your anti-retaliation program, initiate a policy prohibiting retaliation (see sample below) Provide training. Just having the policy isn’t enough. Provide training […]

Ten Years Ago They Told Me, ‘Figure Out Compensation’

By Sharon McKnight SPHR, BLR Compensation Specialist If you’ve been assigned to “figure out compensation” then you probably feel like I did about a decade ago. I didn’t even know where to begin, much less what needed to be done. Luckily, I worked for a subsidiary of a large corporation with a very knowledgeable compensation […]

Appeal Planned Over NLRB Poster Court Ruling

Although a federal district court in Washington, D.C., has ruled that the controversial employee rights poster requirement will go into effect April 30, the legal wrangling over the issue likely isn’t over. The ruling from U.S. District Court Judge Amy Berman Jackson on March 2 is a partial victory for the National Labor Relations Board […]

Can’t We Use the ‘Faltering Company’ Exception for Layoffs?

Well, we’re faltering, you may think, so we don’t have to worry about WARN, but it’s not as simple as that. Exceptions to the WARN Act Notice Requirements The WARN Act’s notice requirements do not apply if the conditions of one of the following exceptions are met: Temporary facility Completion of a particular project when […]

The Constant Battle of Collaboration vs. Control

Oswald, who is CEO of BLR, offered his thoughts on collaboration and control in a recent edition of The Oswald Letter. The definition of control is, “the power to influence or direct people’s behavior or the course of events.” Think about those words for a minute. Let’s start with the first four words of the […]

Background Checks: What Records Must You Keep?

If you obtain, or have prepared for you, criminal background checks, consumer reports, or investigative consumer reports from a consumer reporting agency, you must comply with the various requirements of the federal Fair Credit Report Act (FCRA).