Searching Employment Law on page 39

Employers will need to follow the DOL rule’s fate in addition to other ESG developments, including the Securities and Exchange Commission considering a tweak to its ESG reporting requirements.; In November, the U.S.

.; As the workforce ages and increasing numbers of grandparents care for their grandchildren, the concept of grandternity leave is an emerging trend that some employers are exploring as a retention tool.

ERISA not only promised pensions would be kept, but it also established minimum funding, disclosure and reporting, coverage, and nondiscrimination requirements for employer-provided pension plans; created the Pension Benefit Guaranty Corp.; and preempted many state laws and regulations for employer-sponsored healthcare benefits.

Promote Inclusion Early, Then Maintain It Fifty-seven percent of workers in a recent Monster.com study said their employers don’t have an LGBTQ+ employee resource group (ERG) or equivalent support group.

When pressed by Democratic members of Congress on how the agency will maintain its ability to uphold labor laws — particularly, those related to wage theft, worker misclassification and dangerous working conditions — with fewer inspectors on board, Chavez-DeRemer stated that while she would use the “full capabilities” of the DOL to enforce the law, helping employers understand the rules should be paramount.

Each of the employers offered: defined benefit plans (three employers had cash balance plans); health insurance to active and retired workers: and supplemental defined contribution plans (all but one had an employer match).

Also directed by the VA, the Veteran Readiness and Employment (VR&E) program can provide salary subsidies, assistive technology, non-paid work experiences and special employer incentives to help employers hire veterans with service-connected disabilities.

Regardless of the final outcome, the law firm advised employers to examine their current restrictive covenants (in particular, their noncompetes) and limit actual usage to what is actually needed to protect legitimate business interests (i.e.

For instance, a 2022 survey of 1,500 Gen Z youth and 600 employers by American Student Assistance (ASA) and Jobs for the Future (JFF) revealed 81% of employers believe they should focus on skills rather than degrees when hiring.

The survey of 990 organizations of all sizes and industries also found that bonuses of all kinds have grown steadily since the inception of this survey in 2015 (with the exception of 2020), a reflection of their value in enabling businesses to compete for talent in a tight employment market while limiting long-term employee expense.