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401(k) litigation — 2 cases employers must follow

Business Management Daily

If you think you’re immune from an employee lawsuit alleging a breach of fiduciary duty over the investment choices you offer in your 401(k) plan, think again. The takeaway: Defined contribution plans such as 403(b) plans and 401(k) plans don’t run on autopilot. 401(k) plan litigation. Recap: Hughes v.

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Crafting Joy for Workers, Hobby Lobby Announces a Wage Hike

HR Digest

Bureau of Labor Statistics shows the national median for retail workers to be around $16.19 This makes Hobby Lobby’s 2024 pay hike a whole 19% higher than the national median wage for retail workers. “A pillar of our success is taking care of our employees,” Hobby Lobby founder and CEO, David Green explained in the company post.

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Amazon and Wells Fargo named top US employers for 2023

Employee Benefits

Online retailer Amazon and financial services firms Wells Fargo and JP Morgan Chase have been named as some of LinkedIn’s top employers to work for in the US in 2023. LinkedIn also recognised it as a top employer in Japan and Spain, where it ranked first, and in the UK, India and Italy, where it ranked second.

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How to Improve Employee Engagement and Motivation in the Retail Sector (With Examples)

Empuls

Retail businesses rely on the engagement and motivation of their employees to provide excellent customer service, maintain a positive work environment, and ultimately drive sales. However, it can be challenging to keep employees motivated and engaged in a fast-paced, high-stress retail environment.

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Amazon invests $1.3 billion in pay for US employees

Employee Benefits

Credit: Sundry Photography / Shutterstock.com Online retailer Amazon has invested $1.3 These include an emergency savings programme and a financial assistance pilot, which are available from day one of employment. billion (£1.1 billion) into US customer fulfillment and transportation employees’ average hourly pay.

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American employers’ push for minimum wage increase faces an uphill battle

HR Digest

It’s no wonder that the current labor crunch is prompting American employers to increase the minimum wage in hopes of attracting job seekers. The world’s biggest online retailer Amazon a pay raise for over 500,000 workers across its fulfilment and transportation sectors. In 2017, BoA raised its minimum wage to $15 an hour.

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Post-Pandemic Financial Recovery Steps

Money Talk

Replenish Retirement Accounts - Consult with your employer HR department or plan custodian about steps to repay what you borrowed from a tax-deferred employer retirement savings plan such as a 401(k) or 403(b) plan. Like emergency fund replenishment, this will likely be done in a series of small steps.

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