Employee Benefits
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ALBUQUERQUE, N.M.-- New Mexicans qualifying for extended unemployment benefits starting next month will have their payments reduced by 25 percent because of federal spending cutbacks, state officials announced Wednesday. The Department of Workforce Solutions estimated the cuts initially could affect 2,100 people. Weekly benefits range from $76 to $407.
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Social media startups are booming and the perks they offer employees are growing wilder by the day, with Geoffrey Fowler, Wall Street Journal reporter, and CNBC's Julia Boorstin.
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“Flexible savings accounts are today what the 401(k) match was 10 or 15 years ago, where people didn’t grasp that this free opportunity was sitting there,” says one financial expert.
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"I'm not optimistic about the future and I think we have to be really thoughtful about what we can do to get this country rolling again," says Fmr. Gov. Jim Gilmore, (R-VA), who says Boeing should not be a prisoner of the unions.
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With health care costs skyrocketing, companies are wondering how they are going to afford coverage for their employees in the years ahead. Bloom Health in Minneapolis re-thought the traditional managed care model and came up with something different.
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Despite a surge this year in short-term hiring, many American businesses are still skittish about making those jobs permanent, the New York Times reports.
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Even at manufacturing companies that are profitable, union workers are reluctantly agreeing to tiered contracts that create two levels of pay, the New York Times reports.
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A survey by executive recruiting firm Amrop Battalia Winston says, "The worst holiday party slump in the past 22 years has been recorded in 2010, with only 79 percent of businesses conducting some type of holiday celebration."
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The UK is bracing itself for the big squeeze. On Wednesday we will find out just where the axe will fall as the government tries to get its fiscal house in order.
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A Delaware bankruptcy judge has told auto parts supplier Visteon that it must restore health and life insurance benefits for thousands of retirees.
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The White House on Monday will issue new rules that strongly discourage employers from cutting health benefits or increasing the costs of coverage to employees, reports the NYT.
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Social networking sites like Facebook and Twitter are costing UK businesses over £1.38 billion ($2.25 billion) per year in lost productivity, research from IT services company Morse stated Monday.
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A new study finds that the recession has left many jobless workers struggling to cope with the psychological stress caused by becoming unemployed in a weak economy.
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One major bank's recent announcement that it will boost base pay while reducing bonus opportunities for certain employees spawned headlines around the globe, and with good reason.
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Of all the problems thrown up by the ailing economy, an aging workforce is certainly one of the smaller ones, but for those in leadership positions, recognizing its effect on the next generation of talent is likely to be key in retaining that talent beyond the new retirement dates of their more experienced employees.
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A growing number of companies are embellishing their benefits packages with "concierge services" -- everything from flower deliveries and car detailing to restaurant reservations and clothes alterations.
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AK Steel Holding said Monday it would create a $663 million healthcare trust as part of a lawsuit settlement with retirees, sending its shares up more than 10 percent.
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Judith Spanier, a plaintiff’s attorney and partner at Abbey, Spanier, Rodd & Abrams, told CNBC’s “Power Lunch” that Wal-Mart’s workers “have no voice except for litigation.” But Aliza Herzberg, a partner at Olshan, Grudman, Frome, said prospective workers routinely flood Wal-Mart with job applications when a new store opens, including 25,000 people who applied for 400 jobs in Evergreen, Ill.
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The Wall Street Journal reported that a Wal-Mart employee was fired for recording phone calls with a New York Times reporter last month. And now, the man claims he was part of a more elaborate corporate espionage scheme. Labor and privacy experts joined “Street Signs” to analyze the case. David Garland, co-chair of the employment and labor group at Sills Cummis, explained to CNBC's Erin Burnett that at times, employees will go too far when snooping for the company...
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Wal-Mart Stores on Thursday announced several new initiatives to recognize performance and service among its employees.
