While the expanded definition of fiduciary that went into effect on June 9, 2017 remains in place, the Department of Labor (DOL) has extended the effective date for “prohibited transaction exemptions” along with temporary enforcement relief until July 1, 2019. Notwithstanding this delay, plan participants can sue retirement plan fiduciaries for breaches of their responsibilities, and plan sponsors should continue to focus on compliance by reviewing their investment education materials and conducting fiduciary training sessions. https://goo.gl/9S6AXo #GlobalHR #HRTech
Stores Lawfully Checked Bags of Exiting Employees Off the Clock
‘Tis the season to wait in line at brick-and-mortar stores—not just for customers but for employees trying to exit establishments that require bag checks. At many stores, employees are lining up without being paid for it. https://goo.gl/NdR8Z9 #GlobalHR #HRTech
Survey: Some Predict HR Will Be Automated, Data-Driven and Strategic by 2022
ICYMI: Nearly half of HR and business leaders who were surveyed believe many core HR functions will be automated by 2022—and while they’re optimistic about their businesses in 2018, 45 percent are concerned about recruiting and retention, according to a new Harris Poll. https://goo.gl/bNDNhB #GlobalHR #HRTech
Should HR Rename, Reallocate Holiday Time Off to Be More Inclusive?
ICYMI: In a country whose diverse workers embrace many religions and cultures, does it make sense for a company to rename vacation days that revolve around Christian holidays—like “Christmas break” and “Easter break"—or even to eliminate these traditional days and let employees pick their own holidays to take time off? https://goo.gl/gZ9THS #GlobalHR #HRTech