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Reviewing vendors during economic turbulence is also an important step, because employers have a fiduciary duty to ensure reasonable plan expenses and that the plan is operated in the best interest of participants.

Interim Leaders Bring Critical Pay Decisions , Workspan Daily article; ;Ways to Address Transitional CEO Pay When Time Is of the Essence , Workspan Daily article; ;By the Numbers: How Companies Pay Execs They Promote to CEO , Workspan Daily article; ;Navigate the Executive Compensation Terrain of an Outside CEO Hire , Workspan Daily article; ;Heavy Is the Head that Wears the Crown: The State of CEO Mental Health , Workspan Daily article; The revolving door for chief executive officers (CEOs) is spinning faster than ever, as departures increased 16% versus 2024 and 21% versus the eight-year average, according to the Global CEO Turnover Index from Russell Reynolds Associates, an executive search and leadership advisory firm.

Content Contributor The Content Contributor develops course content on a variety of HR or rewards topics to assist WorldatWork members with performing their job duties or function.

The new law applies to companies that operate around the clock seven days a week and to companies that adopt heavy shift work to cope with an unforeseen increased workload.

The impacts on employment are significant: Workers who called their debt a “heavy burden” were 2.4 times more likely to be in the process of leaving their current employer, with 64% of workers who carry more than $150,000 in student debt saying they are on their way out of their current jobs, according to an ADP Research Institute report .

There are a few factors at play, according to Samuel and WorldatWork content director Sue Holloway, CCP, CECP: ;The cost of labor is surging, and HR budgets have heavy headcount concentrations .; ;Significant investments in artificial intelligence (AI) are commanding a larger share of budgets, putting pressure on the HR function to translate automation into lower labor costs.; ;Relative to the competitive post-pandemic years — which necessitated expanded HR budgets to contend with increased turnover and wage demands — today’s labor market is cooling .; ;Organizations are reallocating funds to other divisions viewed as more likely to generate swift, measurable revenue growth.; “HR is still too often viewed as a ‘support function,’ which makes it more vulnerable when organizations are prioritizing cutting expenses and cost discipline,” Holloway said.

The senators take issue with key parts of the President’s order, “Democratizing Access to Alternative Assets for 401(k) Investors,” which: ;Calls for the Department of Labor (DOL) and the SEC to issue guidance to employers about providing access to these alternative investments in their retirement account offerings;; ;Orders Chavez-DeRemer to reexamine the guidance on fiduciary duties within the Employee Retirement Income Security Act of 1974 (ERISA) regarding alternative asset investments; and,; ;Directs Chavez-DeRemer to work with Treasury Secretary Scott Bessent and the SEC to determine what regulatory changes can be made.; “The executive order exposes these hard-earned savings to volatile financial instruments, while attempting to rebrand them as ‘alternative assets,’ although they lack transparency and have exaggerated claims of high returns,” the senators wrote in their letter.

Southwest Airlines Sued for Underperforming 401(k) Fund Southwest Airlines was hit with a class-action lawsuit on Jan. 29, alleging that it breached basic fiduciary duties under the Employee Retirement Income Security Act (ERISA) and violated its fiduciary duties by mismanaging the company’s retirement savings plan over a span of 15 years, according to an announcement from law firm Sanford Heisler Sharp McKnight.

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Employees who’ve worked a job for months or years have deep relationships with their boss and colleagues, know every detail of their daily job duties and have adjusted to the job’s schedule and commute.