The earnings and wealth gaps between whites and minorities are enormous, according to numerous sources, including SHRM and the Center for Retirement Research at Boston College. As reported by SHRM, the “gap between retirement wealth between Black and Hispanic workers and their White counterparts is staggering.”  The Center reports that non-Social Security retirement savings held... Read more »

The post The Retirement Race Gap appeared first on Employers Council Blog.

On September 8, 2020, Judge Gregory Woods of the US District Court for the Southern District of New York set aside portions of the Department of Labor’s new rule governing joint employer liability that went into effect in March of this year. There are two types of joint employment under the FLSA – horizontal joint... Read more »

The post Provisions of DOL’s New Joint Employer Rules Blocked appeared first on Employers Council Blog.

The Employers Council Surveys Department is pleased to announce the publication of the 2020 Health, Welfare & Retirement Plans Survey. The survey includes responses from 435 organizations in Arizona, Colorado, Utah, and Wyoming. These respondents represent a cross-section of industries and employment sizes. There are three editions of the 2020 Health, Welfare & Retirement Plans... Read more »

The post Surveys: 2020 Health, Welfare & Retirement Plans Survey Now Available appeared first on Employers Council Blog.

Last week, the IRS added some new question and answers to guidance regarding leave sharing plans. They are as follows: Q1. May employers set up a leave-sharing plan under IRS Notice 2006-59 (PDF) that permits employees to deposit leave in an employer-sponsored leave bank for use by other employees who have been adversely affected by... Read more »

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Important legislation recently passed amended Title VII of The Civil Rights Act of 1964. This legislation broadened the scope of sex in the law to include LGBTQ. Be sure not to overlook the actions that should be taken now to ensure compliance with the amended definition of sex under Title VII. We often think of... Read more »

The post The Bostock Decision Will Affect Benefit Plans: Are You Prepared? appeared first on Employers Council Blog.

According to a July 2020 survey conducted by FlexJob and Mental Health America, “75% of Americans have experienced burnout at work. 40% state they’ve experienced burnout during the pandemic specifically.” These are alarming statics and should prompt us to take action. There are many things that lead to burnout at work. As many are now... Read more »

The post Pandemic Burnout: How is it Affecting Our Employees? appeared first on Employers Council Blog.