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Lessons from the recession about savings

Some exciting news came out from Fidelity Investments in late May – contributions to 401(k) plans were up in the first quarter of 2010. As reported in the San Jose Mercury News, Fidelity says the average contribution rate is 8.2 ...

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Commentary: Why a professional construction project manager? (access required)

by Christian Steinbrecher The practice of professional project management is often taken for granted. The benefits of hiring a qualified project manager, particularly for construction projects, far exceed the cost. Project risk, timing, and cost are better controlled, and failure ...

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When it comes to summer dress codes, think win-win

HR professionals are spending more time on strategic initiatives and less on transactional processes. For example, they are becoming better partners to the business by investigating turnover trends and developing proactive solutions to retain high-performers instead of just producing line ...

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Superman is a fictional character

If more executives understood the costs and consequences of stress, I doubt it would be the problem it is. During my 21 years of working with executives, I’ve observed that most leaders don’t see the ripple effects of what stress ...

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Rules on adult child coverage defined

The government has just released clarifications for employers on health care reform and the rules will likely result in higher costs for employers. Just about a week after the IRS issued a notification that allowed adult child coverage to be ...

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Joint checks: Making payments in difficult economic times (access required)

Geoff McConnell Paying subcontractors during difficult financial times is more worrisome and complicated than in a healthy economy. Many subcontractors are undercapitalized and subcontractor insolvency is a real concern. Accordingly, general contractors and owners are rightfully concerned that downstream suppliers ...

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Bankruptcy creditor notices should not go unnoticed (access required)

By Jason Dykstra As the economy has worsened, almost anyone in the construction industry has received a Notice of Commencement of Case under the Bankruptcy Code, Meeting of Creditors, and Deadlines (“Notice”). This Notice contains information regarding the bankruptcy proceedings ...

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