As human resource organizations adopt standards, such as ways to determine cost-per-hire and elements of a performance management system, they would be wise to consider how accounting standard-setters and systems differentiate between practice standards and decision standards, writes John Boudreau, research director at the University of Southern California's Marshall School of Business and Center for Effective Organizations. Like GAAP standards, Bourdreau writes, these new HR standards "should describe typical practices or measurements that are 'feasible at scale' for most organizations."
Black Friday has expanded beyond its single-day boundaries to multiday and even monthlong sales that seem to cannibalize sales from later days instead of increasing new sales. Sales on Black Friday dropped for the first time in a decade last year partially because retailers opened doors on Thanksgiving Day, according to Piper Jaffray & Co. "The customer really doesn't have to wait for the traditional Black Friday anymore," said Wal-Mart U.S. President Joel Anderson.
More than one-fourth of all retirement assets in the U.S. are held in individual retirement accounts, up from 17% two decades ago, according to a study by the Investment Company Institute. IRA assets totaled $5.7 trillion at the end of this year's second quarter.
In the wake of the recent scandal over how the Internal Revenue Service was handling applications from social welfare organizations for tax-exempt status under Sec. 501(c)(4), the IRS announced that it will propose new rules designed to curb "candidate-related political activity" by such organizations. Questions were raised during the scandal about whether the IRS allows too much political activity by Sec. 501(c)(4) groups, which are supposed to be operated "exclusively for the promotion of social welfare."