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 New Rule Makes Automatic 401(k) Enrollment Easier October 24, 2007—The Department of Labor has unveiled a final rule establishing qualified default investment alternatives, making it easier for employers to enroll workers automatically in their 401(k) and other defined-contribution plans.
Salaries for Accounting and Finance Pros on the Rise October 24, 2007—Starting salaries for accounting and finance professionals are likely to increase an average of 4.3 percent in 2008. Public accountants, financial analysts and internal auditors should see some of the biggest salary increases next year, according to staffing services firm Robert Half International.
IRS Extends Transition Relief for Deferred Compensation Plans October 23, 2007—The Internal Revenue Service (IRS) has announced that the transition relief for compliance with the final regulations under section 409A of the Internal Revenue Code (409A) has been extended generally for one year.
HR Assistants Will See 5.3% Salary Increase in 2008 October 22, 2007—Starting salaries of human resource assistants will increase an average of 5.3 percent in 2008. Average starting salaries for human resource assistants will range between $27,250 to $37,500. This is among the findings of the recently released OfficeTeam 2008 Salary Guide, which reports on starting salaries for administrative staff.
Men Far More Likely to Ask for Higher Salary October 22, 2007—Human resource professionals report that men are far more likely to ask for more money than women when negotiating pay.
Social Security Benefits See 2.3% COLA, Taxable Maximum Increases October 17, 2007—Monthly Social Security and Supplemental Security Income benefits for more than 54 million Americans will increase 2.3 percent in 2008, the Social Security Administration announced.
B&H to Pay $4.3M to Settle Suit Alleging Pay Bias Against Latinos October 17, 2007—B&H Foto and Electronics Corp. has agreed to pay $4.3 million to settle a U.S. Equal Employment Opportunity Commission (EEOC) complaint alleging the company violated federal law by discriminating against Hispanic workers.
Women Struggling to Save Enough for Retirement October 17, 2007—A new report by the United States Government Accountability Office finds that while there is no simple answer as to why women are making less money and saving less for retirement than men, there are a number of contributing factors. GAO conducted its research to find out how women's retirement savings may be impacted by future reforms to Social Security and pensions.
Study: Executives Admit They Are Overpaid October 16, 2007—If you think that chief executives and company presidents are paid too much, you're not alone. In fact, most executives themselves would agree with you, according to a new study by the National Association of Corporate Directors.
First Baby Boomer Files for Social Security Benefits October 16, 2007—The Social Security Administration says the nation's first Baby Boomer filed for her Social Security retirement benefits yesterday.
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