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Know More HR for 2007-01-28

Know More HR for 2007-01-28

by Frank Roche on January 28, 2007

in KnowHR

Senate Finance Committee puts a $1 million annual cap on executive deferred compensation. The Small Business and Work Opportunity Tax Act of 2007 will have HR Compensation professionals talking about Section 409A for a while. Going over the cap will trigger ordinary income plus a 20% penalty. And…162(m) payments after termination of employment won’t be deductible.

Wal-Mart to Pay $34 Million in Back Wages. Approximately 87,000 current and former Wal-Mart employees will receive checks for back pay that comes as a result of incorrect payroll calculations. Wal-Mart also overpaid other employees by about the same amount but will not be asking for the money back.

Workers are Tired and It Costs Companies Millions. WorldatWork reports that nearly 40% of workers are fatigued, which results in lost productivity and costs a fortune. One possible solution: Give them a nap.


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