How to communicate investment information to 401(k) plan participants

Article Abstract:

The financial education required for workers for 401(k) plans is best handled through a combination of both group meetings supported by printed material and private communications to stress exactly what the plan can do for that specific person. Communication is important because the worker must be sold on the idea of investing his money rather than just saving his money. Good communications with employees will include anticipating changes and questions, encouraging feedback and offering follow-up data and ongoing advice.

Methods, Management, Human resource management, Salary reduction savings plans, 401K plans

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Employment litigation hits the big leagues

Article Abstract:

Employment practices litigation is increasing during the 1990s, with many multimillion dollar awards being granted. The costs to employers is enormous, and the typical punitive damages reported equal $3 million per case. Cases evolve around such areas as firing, hiring, work environment issues and promotions. Those who file claim discrimination by the employer based on disability, age, gender, race and religion.

Laws, regulations and rules, Employment, Employers

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Information as a Deterrent Against Sex Discrimination: The Effects of Applicant Sex and Information Type on Preliminary Employment Decisions

Article Abstract:

Information can deter discriminatory preliminary employment decisions when the information is perceived to be directly related to the position in question. Highly job-relevant information was found to produce less differential treatment of male/female applicants. Effects of discrimination were also mediated by the degree to which female job applicants were characterized by stereotypic attributes.

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