This week, the Compensation Daily Advisor discussed the 401(k) fee disclosure rule, job descriptions, and management styles. Here’s the Compensation Daily Advisor week in review.
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Get Your Report Now!401(k) Fiduciary? There’s Personal Liability If You Get It Wrong—New 401(k) fee disclosure rules, which are effective July 1, 2012, mean that sponsors of 401(k)s and other retirement plans have new responsibilities. If you are a fiduciary, and you get it wrong, your own personal assets could be at risk.
401(k) Disclosures: How to Answer Employee Questions—Here are tips on answering employees’ questions about the new 401(k) fee disclosure rule.
Backburner Job Descriptions? Don’t Even Think About It—Most employers use some form of job description, but many are cumbersome documents while others are too simplistic and lack sufficient detail. You need lean, practical job descriptions that accurately reflect essential job duties, says BLR’s California Employment Law Letter.
5 Critical Components Every Job Description Must Contain—A job description does not need to list every task that might ever be done, says the California Employment Law Letter. However, there are critical components of a good job description that should be included.
Armchair Manager: What Sports Can Teach Us About Management—Dan Oswald, CEO of BLR, offers his thoughts on sports and management in a recent edition of The Oswald Letter.
BLR's Compensation Daily Advisor is a free daily source of compensation tips, news, and advice.