Human Resources

Tax

7 Steps for complying with deferred compensation plan rules

New rules for nonqualified deferred compensation plans under Internal Revenue Code Sec. 409A went into effect on Jan. 1, 2005. Recently, the IRS issued final regulations to provide guidance on the rules. Grant Thornton LLP has developed a Quick Reference Guide to Complying with the Sec. 409A Deferred Compensation Plan Rules that provides seven suggested steps to help companies comply with the rules.
Tax

Dads just want to have jobs

More than half of working dads (59 percent) would not take paternity leave if it were offered, according to the latest Workplace Insights survey by Adecco USA and just in time for Father's Day. Among those who would not take paternity leave, reasons cited include: fear it would harm their career (31 percent); being too busy at work to be away for an extended period of time off (28 percent) and being depended on too much by co-workers and clients (28 percent).

Summer absenteeism a common practice

As temperatures begin to rise, so may unscheduled absences in the workplace. The Workforce Institute has announced the findings of a new survey conducted by Harris Interactive and sponsored by Kronos Incorporated. According to the "Summer Absenteeism" survey, an overwhelming 39 percent of employees working full time have called in sick to work to enjoy a day off during the summer vacation season. The survey of 1,077 U.S.

Increasing workloads drive accountant hires

Six percent of chief financial officers surveyed anticipate adding employees and 3 percent forecast personnel cutbacks, according to the Robert Half Financial Hiring Index. Ninety percent of those polled foresee no change in staff levels. The national poll included responses from more than 1,400 CFOs from a stratified random sample of U.S. companies with 20 or more employees.

6 tips for balancing personal, work life

Picture this: ocean waves are crashing, the sun is beaming, and your children are attempting to construct a sandcastle of grand proportions. Now look more closely at the beach blanket in this mental image...are you on it? For many busy entrepreneurs, this idealistic scenario sounds great, but it just isn't in the cards. There always seems to be something going on with the business — a problem to handle or a new customer to please — and you just don't feel you can take a summer vacation, or for that matter, spend any time away from your company.

80% of companies fail to retain older workers

A manpower survey reports that four our of five companies are failing to implement retention strategies to keep older workers participating in the workforce. The survey was conducted on more than 28,000 employers in 25 countries, and specifically regarded the recruiting and retention of older workers."Older workers have different needs than younger workers, and in order to meet those needs, their job preferences, personal interests and preferred work-styles must be assessed," said Sharon Birkman-Fink, president and CEO of Birkman International.

Firms help accountants learn soft skills

The accounting industry isn't known for grooming its employees in matters of personal interaction. After all, its professionals toil under the stereotype of nerdy workers who spend their days hunched over calculators with little human contact.But the Pittsburgh Post-Gazette report Alpern Rosenthal is among the accounting firms trying to dispel that image.

Do you resent working moms’ flextime?

When asked in a recent survey whether or not they perceive resentment among co-workers about flexible hours for mothers, 59 percent of working men age 35-44 say flextime for mothers causes some resentment among coworkers.

Firms skimp on new employee orientation

Businesses may claim they want new employees to hit the ground running, but many firms are not providing sufficient orientation, according to a Robert Half International survey.One-third of workers said their employers offered no formal orientation program when they joined the company, according to the suvey, which included responses from 492 full- or part-time workers 18 years of age or older and employed in office environments.Workers were asked, "Did your current employer provide a formal orientation program when you joined the organization?" Sixty-three percent responded "yes," 33 pe
Education & Careers

Google Tops Among MBAs' Favorite Employers

Google took the top spot of Fortune magazine's annual survey of MBA students' favorite companies to work for. Google knocked McKinsey from its 2006 top spot into the second position. Twenty-one percent of the students ranked Google in their top five. The top 10 favorite companies to work for according to the survey of MBA students are:1. Google2. McKinsey & Company 3. Goldman Sachs 4. Bain & Company5. Boston Consulting Group6. Apple 7. Microsoft 8. General Electric 9. Nike10.
Community News

Somerset CPAs Among Indiana's Best Places to Work

Somerset CPAs recently received the honor of being No. 7 on the list of “Best Places to Work in Indiana” of small to medium-sized companies as announced by the Indiana Chamber of Commerce. Somerset ranked No. 15 on the same list in 2006. During his announcement to the firm’s employees, Pat Early, president of Somerset CPAs, stated “Just being on the list with so many other great Indiana companies is a testament to the work environment we have created here at Somerset.

Making Your Performance Review Work for You

Preparing for your performance review throughout the year can turn one of the most dreaded meetings in an employee’s work life into a career-enhancing event, Ohio Young e-CPA reports.Some steps to take before the review include:Keep Track of Your Progress Throughout the YearKeep a file documenting courses you’ve attended or training you’ve completed, as well as special projects you and your boss might not remember at year end. If you haven’t kept documents to prove your activities, check e-mails and archive folders.

Work-life balance nurtures ethical behavior in workplace

Does a positive work-life balance nurture positive ethical behaviors at work? A 2007 Deloitte & Touche USA LLP Ethics & Workplace survey reports a strong relationship between the two factors. According to the survey, 91 percent of all employed adults agreed that workers are more likely to behave ethically at work when they have a good work-life balance.
A&A

Fewer Healthcare Insurance Choices for Self-employed

Fewer than one-quarter of professional and small business associations still offer basic health care plans, long the choice of self-employed professionals, contractors and freelancers, according to the American Society of Association Executives, the Los Angeles Times reports. Many, including the American Bar Association, which dropped its health care benefit last year, say they would like to offer these plans and may resurrect them.

Employers Form Opinions of Job Candidates Within 10 Minutes

Hiring managers often know whether they might hire someone soon after the opening handshake and small talk, a new survey suggests.
Practice Management

Outside Controllers Rarely Promoted to CFO

New research reveals that less than 5 percent of chief financial officers hired from outside their company were controllers.The survey by executive search firm Korn Ferry International shows that the number of Fortune 500 CFOs hired from outside of their new companies totals 190.
Practice Management

Crowe Chizek Named Best Place to Work in 5 States

Crowe Chizek and Company LLC, one of the nation’s largest public accounting and consulting firms, has been named one of the Best Places to Work in Indiana, Kentucky, New Jersey, South Florida and Tennessee. The work/life programs Crowe provides its 2,400 personnel include an overnight travel rewards program, a Women Into Leadership program and the CareerLink career development and performance management program. In addition, Crowe provides flexible work arrangements, wellness programs and personnel assistance programs.“This is a wonderful honor,” says Crowe CEO Charles Allen.
Tax

Fired Accountant Goes on Shooting Spree

A fired accountant bought a shotgun the day after he lost his job, then returned to the office the following week and opened fire on his bosses, wounding both and killing a receptionist, the Associated Press reported.Troy, Mich. police said Anthony LaCalamita III, 38, targeted two managers and also may have intended to shoot another one."There is a suspicion that there might have been a third upper management official he was seeking," said Troy police Lt. Gerry Scherlinck.
Technology

More Companies Squeezing Employee Internet Use

Businesses are becoming more and more strict when managing employee Internet use at work, a new survey shows. A national poll from Robert Half Technology revealed more than three-quarters (78 percent) of chief information officers (CIOs) polled recently said their company has either installed content-filtering or blocking software, instituted policies that detail acceptable Web browsing, or done a combination of both. The poll includes responses from more than 1,400 CIOs from a stratified random sample of U.S. companies with 100 or more employees.
Practice Management

Will Lower Salaries Send Execs Scurrying?

Can companies keep good executives without succumbing to the pressure of escalating pay packages? Yes, the Associated Press reports, but it's not easy.Take the example of Whole Foods Market Inc. The natural-foods grocer limits compensation for top executives to a multiple of the average Whole Foods worker's pay. The cap, which covers salaries and bonuses but not stock options, started at eight times average pay in the 1980s, and was raised to 14 times in the early 1990s as the company grew and went public.

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