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In fact, the final rule states it is “designed to provide additional certainty that the provision would not be satisfied by the ordinary communications of a human resources employee, who is not an investment professional, in communications with plan participants.”

This would capture many employees the employer designates internally as part time.

As a matter of policy, the FLSA’s exemptions were carefully designed to protect employees, while ensuring employers are able to effectively and efficiently run their businesses and serve their customers.”

She advised employers to design recognition programs that are: ;Specific to what the individual contributed vs. a broad “thank you”; ;Connected —linking the individual’s contributions to the organization’s mission, guiding values and overall success; ;Authentic and sincere; ;Timely (not just once a year); ;Public, when appropriate; “Public recognition magnifies the impact to the receiver and helps other employees understand the behaviors that are valued by the organization,” Schulz said.

Workspan Daily article; ;Student Loan Payment Match Can Help Secure Employees’ Future , Workspan Daily article; ;Retirement Plans: Design Considerations & Administration , course; How much money do Americans think they need to retire comfortably?

“These programs are designed to give employers, unions and benefit plan officials the tools they need to correct potential violations proactively.”

“If a pay code has not been used for a period of time, it might be prudent to decommission it to avoid inadvertently using it in the future for a form of payment it was not designed to process,” he said.

For WorldatWork Members How TR Pros Can Help Workers Financially Prepare for Retirement , Workspan Daily Plus+ article;FAQs to Help You Navigate Employee Retirement Discussions , Workspan Daily Plus+ article;Checklist: Questions and Resources to Prep Employees for Retirement , Workspan Daily Plus+ article;Retirement Booster , Workspan Magazine article; For Everyone Take 3 Actions to Help Workers Turn Savings into Retirement Income , Workspan Daily article;Financial Planning Tips Can Help Older Workers Budget for Retirement , Workspan Daily article;4 Steps to Help Pre-Retirees Consider, Plan for Retirement Income , Workspan Daily article;The Critical Role of Retirement Income Projections in DC Plans , Workspan Daily article;Retirement Plans: Design Considerations & Administration , course; Retirees’ out-of-pocket medical costs are some of the most significant — and arguably most critical — expenses in post-retirement life.

.; ;Design a multi-channel access program , including self-service tools, in-person and online seminars, access to human advisors, and targeted proactive communications by age group, income levels and other segmentation.; ;Make advice available at enrollment, during annual healthcare enrollment, around market events and when life events occur.; ;Evaluate program progress through metrics such as advice uptake, contribution increases, improved diversification, and participant stress or confidence scores.; ;Refine the program “based on what moves the needle.”; Double-Sided Benefits The current state of financial well-being, as amplified by the Escalent report, comes as no surprise to Cara Macksoud, the managing director and CEO of Money Habitudes, an educational resource for financial professionals and HR/TR practitioners.

Still, there is risk in designating a CHRO who lacks a robust background in functional HR performance.