This week's Compensation Daily Advisor covers profit-sharing plans, gender discrimination in compensation planning, and optimism.
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A profit sharing plan is a type of defined contribution plan that is sometimes used as a supplement to a primary retirement program. Today, John Rubino of Rubino Consulting Services explains the key elements of an effective profit-sharing plan.
The Key Elements of a Profit-Sharing Plan
Yesterday, John Rubino of Rubino Consulting Services explained some of the background on profit-sharing plans, the 3 steps to establishing a deferred plan, and 4 of the steps involved in executing it. Today, we present the remaining 5 execution steps.
New Sex Discrimination Guidelines Proposed: What Does This Mean for Your Compensation Plan?
This past January, the Office of Federal Contract Compliance Programs (OFCCP) issued a proposed rule to change and modernize its existing sex discrimination guidelines, which were originally issued in 1970. Today, BLR® Senior Legal Editor Susan Schoenfeld, JD, explains what these changes would mean for employers.
Proposed Changes to the Rule Prohibiting Gender-Based Compensation Discrimination
Yesterday, BLR® Senior Legal Editor Susan Schoenfeld, JD, explained some of the parameters of a proposed rule issued in January by the Office of Federal Contract Compliance Programs (OFCCP) that would change and modernize its existing sex discrimination guidelines. Today, Schoenfeld looks specifically at the proposed changes in the compensation realm.
Spring—The Best Time to Renew Your Optimism
Optimism is the faith that leads to achievement. Nothing can be done without hope and confidence. —Helen Keller