New White Paper Release: HRM Best Practices Respond to Market Crisis

LOS ANGELES, California (June 9, 2010) – MMC has released a whitepaper, “HRM best practices responding to impact of market crisis on retirement saving plans,” written by MMC, Inc.’s, HRCI/MCLE trainer Dan Van Bogaert. The white paper discusses 7 best HR practices for your retirement saving plans in a tough economy.

 “Today’s tough economy has caused many employers to react in a survival mode with their retirement savings plans, sometimes without considering potential unintended consequences.” states Bogaert.

“HR professionals must reexamine best practices to control costs; particularly costs related to retirement savings plans, to avoid potential long term problems.  HRM can play a key role in helping their organizations ensure that retirement savings plans incentivize employees, especially in the current period of slow economic recovery.”

7 suggested best practice areas for retirement savings plans that HRM may want to consider for 2010:  

• Hold Investment Managers accountable
• Encourage maximum employee participation
• Equip employees to make informed investment decisions
• Evaluate (or resume) employer match contributions
• Beware of “furlough fallout”
• Plan ahead with pre-retirement planning programs
• Learn Compliance Issues Re: Plan Change

The complimentary whitepaper can be downloaded online.

About MMC, Inc.
MMC Inc. has been providing HR Outsourcing and Consulting service solutions for over 27 years. Since its inception in 1983, MMC has aligned itself as a strategic partner by streamlining the processes necessary to allow organizations to succeed. By engaging the workforce through efficient Human Resource Outsource management, MMC assures its clients win-win results – a happier, more dedicated workforce and an organization that is performing at its peak. A few of MMC’s comprehensive HR services include employment law compliance, payroll processing, HR administrative, workers’ compensation and benefits administration.