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Question: Can we have a mandatory retirement age? Answer: With a few exceptions, no, you can’t have a mandatory retirement age. Forcing an employee age 40 or older to retire at a certain age would likely violate the Age Discrimination in Employment Act. You could, however, offer voluntary retirement plans or various post-retirement benefits for
Question: How should employee files be organized? Answer: We recommend having five separate files for each employee, as outlined below: These files should be kept in a secure location that is only accessible to those in the HR function or with a legitimate need to review the information—for instance, in locked cabinets inside a locked
The IRS has announced the official 401(k) contribution limits for 2026. 2026 401(k) Contribution Limits: Category Limit Employee Contribution (Under Age 50) $24,500 Age 50+ Catch-up Contribution (Ages 50-59, 64+) $8,000 Age 60-63 “Super” Catch-up Contribution $11,250 Total Employee + Employer Contributions $72,000 Key Details: Important Note for High Earners in 2026: Starting in 2026, participants
California Insurance Commissioner Ricardo Lara has issued an order that cuts the average advisory workers’ compensation benchmark rate across all classes by 2.6%, starting Sept. 1. After holding a public hearing in June, Lara rejected the Workers’ Compensation Insurance Rating Bureau’s recommendation that the benchmark rate increase 0.3%. The difference between the WCIRB-proposed rate and
By Dr. Ralph William Jr. About eight years into my first printing business, things were going well. We were growing at about 25% a year, adding new equipment and quality members to our team, and we had just moved into a great building. Our profits were good, but they could have been better. Our “good”
By Jim Hamilton You may not be familiar with the name Rubén Fontana, but he is the most recent winner of the World Cup of Printing History. Fontana, an Argentinian graphic designer, type designer, and teacher, was chosen to represent Argentina by the Museum of Printing in Haverhill, Massachusetts, the sponsor of the World Cup
Two bills wending their way through the state Legislature would increase the amount of sick days workers in the Golden State can take as well as expand — once again — the definition of “family” for the purposes of paid family leave. Business groups have come out against both of the bills, which they say
Imagine it’s a typical July day. You own a 30,000-square-foot office building that is 85% occupied. And the air conditioning and ventilation systems stop working. The outside temperature is in the 90s and the humidity is high. It doesn’t take long before the tenants start to complain. The contractor you summon determines that an electrical
By Dr. Ralph Williams Jr., Associate Professor of Management, Jones College of Business, Middle Tennessee State University Dr. Greg Nagel, Professor of Finance, Jones College of Business, Middle Tennessee State University Our recent financial benchmarking surveys suggest that regional printing association members produce higher Earnings-before-interest-taxes-depreciation-and-amortization (EBITDA) than national industry averages (see our appendix). Indeed, our
Introduction In 1821, a Scottish painter named Patrick Syme published a book of color samples called “Werner’s Nomenclature of Colours: Adapted to Zoology, Botany, Chemistry, Minerology, Anatomy, and the Arts.” Syme’s book was based on a classification system devised by the German mineralogist Abraham Gottlob Werner in the late 18th Century, and a book Werner
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